Paycor HCM (NASDAQ:PYCR) Given "Hold" Rating at Truist Financial

Paycor HCM (NASDAQ:PYCR - Get Free Report)'s stock had its "hold" rating reiterated by stock analysts at Truist Financial in a research report issued on Thursday,Benzinga reports. They currently have a $22.50 price target on the stock, up from their previous price target of $20.00. Truist Financial's price objective points to a potential upside of 1.86% from the company's current price.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group increased 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. Mizuho increased their price objective on Paycor HCM from $20.00 to $22.50 and gave the stock a "neutral" rating in a research note on Wednesday, January 8th. JMP Securities reissued a "market outperform" rating and issued a $30.00 price objective on shares of Paycor HCM in a research note on Monday, January 6th. Stifel Nicolaus increased their price objective on Paycor HCM from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $22.50 price objective (down previously from $24.00) on shares of Paycor HCM in a research note on Wednesday, January 8th. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $21.47.

Paycor HCM Trading Up 0.1 %

Shares of NASDAQ PYCR traded up $0.02 during midday trading on Thursday, hitting $22.09. The company's stock had a trading volume of 3,079,177 shares, compared to its average volume of 7,200,542. The business's 50 day moving average is $19.04 and its two-hundred day moving average is $15.50. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $23.49. The firm has a market cap of $3.97 billion, a P/E ratio of -84.96, a price-to-earnings-growth ratio of 4.18 and a beta of 0.50.

Institutional Trading of Paycor HCM

A number of institutional investors have recently made changes to their positions in the business. Diversified Trust Co acquired a new stake in shares of Paycor HCM in the 4th quarter worth $273,000. Principal Financial Group Inc. acquired a new stake in shares of Paycor HCM in the 3rd quarter worth $962,000. Franklin Resources Inc. boosted its position in shares of Paycor HCM by 2.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company's stock worth $23,220,000 after purchasing an additional 46,127 shares in the last quarter. Barclays PLC boosted its position in shares of Paycor HCM by 50.8% in the 3rd quarter. Barclays PLC now owns 23,991 shares of the company's stock worth $340,000 after purchasing an additional 8,079 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Paycor HCM in the 3rd quarter worth $912,000. 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.