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

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have been given an average recommendation of “Hold” by the nineteen ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $21.53.

A number of research firms recently weighed in on PYCR. Truist Financial restated a “hold” rating and issued a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a report on Thursday, January 16th. Citizens Jmp cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 9th. Stifel Nicolaus increased their target price on Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Needham & Company LLC cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Citigroup increased their target price on Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a report on Thursday, January 16th.

Paycor HCM Price Performance

PYCR opened at $22.37 on Friday. The stock has a market cap of $4.07 billion, a P/E ratio of -186.40, a P/E/G ratio of 3.84 and a beta of 0.53. The stock’s 50 day simple moving average is $22.21 and its 200 day simple moving average is $18.21. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49.

Paycor HCM (NASDAQ:PYCR) last released 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%. Research analysts expect that Paycor HCM will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PYCR. Conestoga Capital Advisors LLC raised its position in shares of Paycor HCM by 23.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company’s stock worth $128,772,000 after buying an additional 1,333,170 shares during the period. Next Century Growth Investors LLC purchased a new position in shares of Paycor HCM in the 4th quarter worth $24,106,000. Norges Bank purchased a new position in shares of Paycor HCM in the 4th quarter worth $18,485,000. Allspring Global Investments Holdings LLC raised its position in shares of Paycor HCM by 1,738.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 573,870 shares of the company’s stock worth $10,657,000 after buying an additional 542,659 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in shares of Paycor HCM in the 4th quarter worth $9,116,000. 36.76% of the stock is owned by hedge funds and other institutional investors.

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.