Paycor HCM, Inc. (NASDAQ:PYCR) Receives $21.53 Consensus Price Target from Brokerages

Paycor HCM, Inc. (NASDAQ:PYCR) has earned an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $21.53.

Several research firms have issued reports on PYCR. Citizens Jmp lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. Stephens restated an “equal weight” rating and set a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. Baird R W downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Needham & Company LLC cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $22.50 target price (up from $20.00) on shares of Paycor HCM in a research 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 the company. Cerity Partners LLC raised its stake in shares of Paycor HCM by 45.7% in the first quarter. Cerity Partners LLC now owns 51,044 shares of the company’s stock valued at $1,145,000 after acquiring an additional 16,018 shares during the last quarter. Trium Capital LLP acquired a new stake in Paycor HCM during the 1st quarter valued at $18,193,000. Barnes Dennig Private Wealth Management LLC bought a new position in Paycor HCM in the 1st quarter valued at $454,000. Amalgamated Bank boosted its stake in Paycor HCM by 17.4% in the first quarter. Amalgamated Bank now owns 4,401 shares of the company’s stock worth $99,000 after purchasing an additional 651 shares in the last quarter. Finally, KBC Group NV bought a new stake in shares of Paycor HCM during the first quarter worth $85,000. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Paycor HCM Price Performance

Shares of NASDAQ:PYCR opened at $22.49 on Friday. The company has a market cap of $4.09 billion, a price-to-earnings ratio of -187.40, a PEG ratio of 3.84 and a beta of 0.50. The business has a 50 day moving average price of $22.42 and a 200 day moving average price of $20.41. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $23.49.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share 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%. Analysts anticipate that Paycor HCM will post 0.3 EPS for the current year.

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.