Paycor HCM, Inc. (NASDAQ:PYCR) Receives Consensus Rating of "Hold" from Analysts

Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) has been assigned a consensus rating of "Hold" from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $19.40.

A number of brokerages have weighed in on PYCR. UBS Group lowered their price objective on Paycor HCM from $18.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, August 16th. Citigroup upped their price objective on Paycor HCM from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Mizuho cut their price objective on Paycor HCM from $19.00 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, July 23rd. BMO Capital Markets restated a "market perform" rating and set a $20.00 target price on shares of Paycor HCM in a research report on Tuesday, June 11th. Finally, Jefferies Financial Group cut their price target on shares of Paycor HCM from $14.00 to $11.00 and set a "hold" rating for the company in a report on Monday, June 24th.

Paycor HCM Stock Down 0.2 %

Shares of NASDAQ PYCR traded down $0.02 during mid-day trading on Wednesday, hitting $13.11. 774,463 shares of the company were exchanged, compared to its average volume of 948,912. The stock has a 50 day simple moving average of $13.61 and a 200-day simple moving average of $14.25. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $25.48. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -31.98, a price-to-earnings-growth ratio of 4.37 and a beta of 0.44.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. The company had revenue of $164.80 million during the quarter, compared to analysts' expectations of $161.14 million. During the same quarter last year, the business earned ($0.01) EPS. The business's revenue was up 17.7% on a year-over-year basis. Analysts anticipate that Paycor HCM will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Paycor HCM

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Paycor HCM by 11.5% during the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company's stock valued at $133,844,000 after acquiring an additional 710,370 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Paycor HCM by 149.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company's stock valued at $7,722,000 after purchasing an additional 364,025 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Paycor HCM by 1,234.9% during the 2nd quarter. Marshall Wace LLP now owns 370,985 shares of the company's stock worth $4,712,000 after purchasing an additional 343,194 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Paycor HCM by 207.5% during the second quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company's stock worth $5,907,000 after buying an additional 313,851 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Paycor HCM by 9.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,429,701 shares of the company's stock valued at $47,233,000 after buying an additional 213,313 shares during the last quarter. Institutional investors and hedge funds own 36.76% of the company's stock.

About Paycor HCM

Paycor HCM, Inc, together with its subsidiaries, provides software-as-a-service (SaaS) human capital management (HCM) solutions for small and medium-sized businesses (SMBs) primarily in the United States. It offers cloud-native platform to address the comprehensive people management needs of SMB leaders.