Brokerages Set Paycor HCM, Inc. (NASDAQ:PYCR) Target Price at $21.47

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have earned an average rating of “Hold” from the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $21.81.

Several equities research analysts have issued reports on the company. Stephens reaffirmed an “equal weight” rating and set a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. Mizuho lifted their target price on Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. TD Cowen downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Monday. Citizens Jmp downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, Raymond James downgraded Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Monday, January 13th.

Paycor HCM Price Performance

Shares of Paycor HCM stock opened at $22.18 on Friday. The business has a fifty day simple moving average of $19.62 and a two-hundred day simple moving average of $15.87. Paycor HCM has a 1 year low of $10.92 and a 1 year high of $23.49. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of -85.31, a P/E/G ratio of 4.17 and a beta of 0.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PYCR. Marshall Wace LLP grew its holdings in shares of Paycor HCM by 1,234.9% during the second quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock worth $4,712,000 after purchasing an additional 343,194 shares during the last quarter. ING Groep NV bought a new stake in shares of Paycor HCM during the third quarter worth about $4,615,000. Cubist Systematic Strategies LLC grew its holdings in shares of Paycor HCM by 207.5% during the second quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company’s stock worth $5,907,000 after purchasing an additional 313,851 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Paycor HCM by 1,047.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 321,504 shares of the company’s stock worth $4,562,000 after purchasing an additional 293,487 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Paycor HCM by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock worth $21,140,000 after purchasing an additional 192,633 shares during the last quarter. Institutional investors 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.