Paycor HCM, Inc. (NASDAQ:PYCR) Receives $21.53 Consensus Target Price from Brokerages

Shares of Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) have received a consensus rating of "Hold" from the nineteen analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $21.53.

Several equities research analysts have recently issued reports on the company. Raymond James lowered Paycor HCM from a "moderate buy" rating to a "hold" rating in a research report on Monday, January 13th. JMP Securities reaffirmed a "market perform" rating on shares of Paycor HCM in a research report on Thursday, February 6th. Truist Financial reaffirmed a "hold" rating and set a $22.50 target price (up from $20.00) on shares of Paycor HCM in a research report on Thursday, January 16th. Jefferies Financial Group raised their target price on Paycor HCM from $13.00 to $15.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Finally, Mizuho raised their target price on Paycor HCM from $20.00 to $22.50 and gave the company a "neutral" rating in a research report on Wednesday, January 8th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Paycor HCM by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 7,454,003 shares of the company's stock valued at $138,421,000 after acquiring an additional 226,807 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of Paycor HCM by 23.8% during the fourth quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company's stock worth $128,772,000 after purchasing an additional 1,333,170 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Paycor HCM by 0.7% during the fourth quarter. Clearbridge Investments LLC now owns 6,386,128 shares of the company's stock worth $118,590,000 after purchasing an additional 47,007 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Paycor HCM by 4.0% during the fourth quarter. Invesco Ltd. now owns 2,799,281 shares of the company's stock worth $51,983,000 after purchasing an additional 106,628 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Paycor HCM by 15.5% during the fourth quarter. Franklin Resources Inc. now owns 2,003,288 shares of the company's stock worth $37,201,000 after purchasing an additional 269,179 shares in the last quarter. Institutional investors own 36.76% of the company's stock.

Paycor HCM Price Performance

NASDAQ PYCR remained flat at $22.19 on Tuesday. The company had a trading volume of 1,367,397 shares, compared to its average volume of 3,838,490. The stock has a market capitalization of $4.03 billion, a PE ratio of -184.90, a P/E/G ratio of 4.20 and a beta of 0.53. The business has a 50-day moving average price of $21.02 and a two-hundred day moving average price of $16.91. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $23.49.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.29%. Sell-side analysts predict that Paycor HCM will post 0.29 earnings per share for the current fiscal year.

Paycor HCM Company Profile

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.