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

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

PYCR has been the subject of several research reports. Robert W. Baird reaffirmed a "neutral" rating and issued a $22.50 target price (down previously from $28.00) on shares of Paycor HCM in a research note on Friday, February 7th. Citizens Jmp cut shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 9th. Citigroup lifted their target price on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Baird R W lowered shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, TD Cowen downgraded Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Monday, January 20th.

Paycor HCM Stock Down 0.3 %

Shares of NASDAQ PYCR traded down $0.06 during mid-day trading on Wednesday, reaching $22.40. 7,033,158 shares of the company were exchanged, compared to its average volume of 1,573,059. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $23.49. The company's 50 day moving average price is $22.29 and its 200 day moving average price is $19.16. The stock has a market capitalization of $4.07 billion, a PE ratio of -186.65, a PEG ratio of 3.84 and a beta of 0.50.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.28% and a negative net margin of 3.06%. On average, sell-side analysts predict that Paycor HCM will post 0.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PYCR. True Wealth Design LLC grew its holdings in Paycor HCM by 105.3% in the fourth quarter. True Wealth Design LLC now owns 1,357 shares of the company's stock worth $25,000 after purchasing an additional 696 shares during the period. MCF Advisors LLC bought a new position in Paycor HCM in the fourth quarter valued at about $27,000. Tower Research Capital LLC TRC boosted its holdings in shares of Paycor HCM by 273.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,164 shares of the company's stock worth $59,000 after buying an additional 2,317 shares during the last quarter. Blue Trust Inc. grew its position in shares of Paycor HCM by 869.3% during the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company's stock valued at $64,000 after acquiring an additional 3,086 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in Paycor HCM by 71.4% during the fourth quarter. Sterling Capital Management LLC now owns 4,502 shares of the company's stock valued at $84,000 after purchasing an additional 1,875 shares during the period. Hedge funds and other institutional investors own 36.76% of the company's stock.

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.