Brokerages Set Paycor HCM, Inc. (NASDAQ:PYCR) PT at $23.56

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $23.56.

Several brokerages have recently weighed in on PYCR. Mizuho lowered their target price on Paycor HCM from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. The Goldman Sachs Group decreased their price objective on Paycor HCM from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 price objective on shares of Paycor HCM in a report on Thursday, May 9th. Citigroup decreased their price objective on Paycor HCM from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Paycor HCM from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Thursday, May 9th.

Paycor HCM Trading Up 0.1 %

PYCR stock opened at $12.85 on Monday. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -31.34, a PEG ratio of 2.46 and a beta of 0.41. The business’s 50-day moving average is $13.52 and its 200 day moving average is $17.56. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $27.50.

Paycor HCM (NASDAQ:PYCR) last issued its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $187.02 million for the quarter, compared to analysts’ expectations of $186.35 million. Paycor HCM had a positive return on equity of 2.09% and a negative net margin of 11.11%. As a group, equities analysts forecast that Paycor HCM will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PYCR. Mariner LLC raised its stake in shares of Paycor HCM by 1.8% in the third quarter. Mariner LLC now owns 40,794 shares of the company’s stock valued at $931,000 after acquiring an additional 730 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Paycor HCM by 52.4% in the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock valued at $67,000 after acquiring an additional 1,178 shares in the last quarter. Renaissance Capital LLC raised its stake in shares of Paycor HCM by 3.0% in the first quarter. Renaissance Capital LLC now owns 42,319 shares of the company’s stock valued at $823,000 after acquiring an additional 1,230 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Paycor HCM by 12.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,695 shares of the company’s stock valued at $296,000 after acquiring an additional 1,536 shares in the last quarter. Finally, Natixis Advisors L.P. raised its stake in shares of Paycor HCM by 4.1% in the third quarter. Natixis Advisors L.P. now owns 38,875 shares of the company’s stock valued at $888,000 after acquiring an additional 1,537 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.

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.