Paycor HCM, Inc. (NASDAQ:PYCR) Receives Consensus Recommendation of “Hold” from Brokerages

Paycor HCM, Inc. (NASDAQ:PYCR) has been assigned an average rating of “Hold” from the nineteen analysts that are currently covering the firm, 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 12 month price objective among brokerages that have covered the stock in the last year is $21.53.

Several equities analysts recently commented on PYCR shares. Truist Financial restated a “hold” rating and set a $22.50 target price (up previously from $20.00) on shares of Paycor HCM in a research report on Thursday, January 16th. Stephens reissued an “equal weight” rating and set a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. Citizens Jmp lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 9th. Raymond James cut shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Citigroup boosted their price target on shares of Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a research report on Thursday, January 16th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PYCR. Principal Financial Group Inc. acquired a new position in Paycor HCM in the third quarter valued at approximately $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Paycor HCM by 16.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company’s stock valued at $3,450,000 after purchasing an additional 34,336 shares during the period. Franklin Resources Inc. boosted its position in shares of Paycor HCM by 2.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock worth $23,220,000 after purchasing an additional 46,127 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Paycor HCM by 28.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 488,779 shares of the company’s stock worth $6,936,000 after purchasing an additional 108,602 shares during the period. Finally, Barclays PLC increased its holdings in Paycor HCM by 50.8% in the third quarter. Barclays PLC now owns 23,991 shares of the company’s stock valued at $340,000 after purchasing an additional 8,079 shares during the last quarter. Institutional investors own 36.76% of the company’s stock.

Paycor HCM Price Performance

Shares of Paycor HCM stock opened at $22.40 on Wednesday. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $23.49. The firm has a market capitalization of $4.07 billion, a PE ratio of -186.65, a price-to-earnings-growth ratio of 3.84 and a beta of 0.50. The company’s fifty day moving average price is $22.29 and its two-hundred day moving average price is $19.16.

Paycor HCM (NASDAQ:PYCR) last posted its 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 negative net margin of 3.06% and a positive return on equity of 4.28%. Analysts predict that Paycor HCM will post 0.3 earnings per share for the current fiscal year.

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.