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

Paycor HCM, Inc. (NASDAQ:PYCR) has been given a consensus rating of “Hold” by the nineteen brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $21.53.

A number of analysts recently weighed in on the stock. JMP Securities reissued a “market perform” rating on shares of Paycor HCM in a research note on Thursday, February 6th. TD Cowen lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 20th. Citizens Jmp downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. Mizuho upped their price target on Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Finally, Citigroup lifted their price objective on Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a report on Thursday, January 16th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Paycor HCM during the fourth quarter valued at $286,000. Mackenzie Financial Corp bought a new stake in Paycor HCM during the 4th quarter worth about $614,000. Public Employees Retirement System of Ohio lifted its position in Paycor HCM by 6.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 28,098 shares of the company’s stock valued at $522,000 after purchasing an additional 1,740 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Paycor HCM by 6.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 259,042 shares of the company’s stock valued at $4,810,000 after purchasing an additional 15,927 shares during the last quarter. Finally, Woodline Partners LP lifted its holdings in Paycor HCM by 5.4% in the fourth quarter. Woodline Partners LP now owns 473,690 shares of the company’s stock valued at $8,796,000 after buying an additional 24,397 shares during the period. 36.76% of the stock is currently owned by institutional investors.

Paycor HCM Trading Up 0.1 %

Shares of NASDAQ:PYCR opened at $22.35 on Friday. The firm has a market capitalization of $4.06 billion, a PE ratio of -186.23, a PEG ratio of 3.84 and a beta of 0.53. 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 is $22.06 and its 200-day moving average is $18.12.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 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.