Brokerages Set Paycor HCM, Inc. (NASDAQ:PYCR) Price Target at $21.53

Shares of Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) have been assigned an average recommendation of "Hold" from the nineteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $21.53.

A number of research firms recently weighed in on PYCR. Baird R W cut Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Raymond James downgraded Paycor HCM from a "moderate buy" rating to a "hold" rating in a research note on Monday, January 13th. Stifel Nicolaus increased their target price on Paycor HCM from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Truist Financial reissued a "hold" rating and issued a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a report on Thursday, January 16th. Finally, Citigroup increased their price objective on shares of Paycor HCM from $21.00 to $22.50 and gave the company a "neutral" rating in a report on Thursday, January 16th.

Hedge Funds Weigh In On Paycor HCM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PYCR. Vanguard Group Inc. raised its holdings 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 worth $138,421,000 after acquiring an additional 226,807 shares during the period. Conestoga Capital Advisors LLC increased its position in 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 during the last quarter. Clearbridge Investments LLC raised its stake in 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 during the period. Invesco Ltd. boosted its holdings in Paycor HCM by 4.0% in the 4th quarter. Invesco Ltd. now owns 2,799,281 shares of the company's stock valued at $51,983,000 after purchasing an additional 106,628 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Paycor HCM by 15.5% in the 4th quarter. Franklin Resources Inc. now owns 2,003,288 shares of the company's stock valued at $37,201,000 after buying an additional 269,179 shares during the period. Institutional investors and hedge funds own 36.76% of the company's stock.

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Paycor HCM Stock Down 0.0 %

Shares of NASDAQ PYCR traded down $0.01 during midday trading on Friday, reaching $22.33. 5,484,302 shares of the stock were exchanged, compared to its average volume of 1,423,732. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of -186.07, a PEG ratio of 3.84 and a beta of 0.53. The firm has a 50-day simple moving average of $21.91 and a two-hundred day simple moving average of $18.04. 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 the consensus estimate of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.28%. Research analysts expect that Paycor HCM will post 0.3 EPS 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.