Paycor HCM (NASDAQ:PYCR) Price Target Raised to $22.50 at Citigroup

Paycor HCM (NASDAQ:PYCR - Get Free Report) had its price objective raised by Citigroup from $21.00 to $22.50 in a report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Citigroup's price objective would suggest a potential upside of 1.81% from the company's previous close.

A number of other research analysts also recently weighed in on PYCR. Citizens Jmp downgraded shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 9th. Jefferies Financial Group upped their price target on Paycor HCM from $13.00 to $15.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Needham & Company LLC lowered Paycor HCM from a "moderate buy" rating to a "hold" rating in a report on Wednesday, January 8th. BMO Capital Markets restated a "market perform" rating and issued a $22.50 price objective (down from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. Finally, JMP Securities reiterated a "market outperform" rating and set a $30.00 target price on shares of Paycor HCM in a research report on Monday, January 6th. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $21.47.

Paycor HCM Price Performance

NASDAQ:PYCR traded up $0.01 during trading hours on Thursday, reaching $22.10. The company had a trading volume of 1,202,544 shares, compared to its average volume of 6,655,276. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49. The business's 50 day moving average price is $19.14 and its 200-day moving average price is $15.55. The firm has a market cap of $3.97 billion, a PE ratio of -85.00, a price-to-earnings-growth ratio of 4.18 and a beta of 0.50.

Institutional Trading of Paycor HCM

A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its position in shares of Paycor HCM by 2.3% in the second quarter. Rhumbline Advisers now owns 67,959 shares of the company's stock valued at $863,000 after purchasing an additional 1,560 shares in the last quarter. Choreo LLC acquired a new position in Paycor HCM during the second quarter worth $150,000. Envestnet Asset Management Inc. grew its holdings in Paycor HCM by 15.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 339,041 shares of the company's stock valued at $4,306,000 after buying an additional 46,262 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Paycor HCM by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company's stock worth $21,140,000 after acquiring an additional 192,633 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of Paycor HCM during the 2nd quarter worth $1,544,000. 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.