Brokerages Set Paycor HCM, Inc. (NASDAQ:PYCR) PT at $22.33

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have received a consensus rating of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $22.33.

Several brokerages recently issued reports on PYCR. Needham & Company LLC reissued a “buy” rating and issued a $42.00 price target on shares of Paycor HCM in a report on Thursday, May 9th. JMP Securities reduced their price target on shares of Paycor HCM from $32.00 to $30.00 and set a “market outperform” rating for the company in a report on Thursday, May 9th. Mizuho dropped their price objective on shares of Paycor HCM from $19.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. Citigroup decreased their target price on shares of Paycor HCM from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Paycor HCM from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Thursday, May 9th.

Paycor HCM Price Performance

PYCR stock opened at $12.56 on Friday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -30.63, a PEG ratio of 2.54 and a beta of 0.41. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $27.28. The firm has a fifty day moving average price of $12.50 and a two-hundred day moving average price of $16.53.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Paycor HCM had a negative net margin of 11.11% and a positive return on equity of 2.09%. The business had revenue of $187.02 million during the quarter, compared to the consensus estimate of $186.35 million. As a group, analysts expect that Paycor HCM will post 0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Paycor HCM

Hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in Paycor HCM by 52.4% during the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock valued at $67,000 after buying an additional 1,178 shares in the last quarter. Renaissance Capital LLC grew its stake in shares of Paycor HCM by 3.0% in the 1st quarter. Renaissance Capital LLC now owns 42,319 shares of the company’s stock worth $823,000 after purchasing an additional 1,230 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Paycor HCM by 12.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,695 shares of the company’s stock worth $296,000 after purchasing an additional 1,536 shares in the last quarter. Wrapmanager Inc. lifted its stake in Paycor HCM by 18.1% during the fourth quarter. Wrapmanager Inc. now owns 11,669 shares of the company’s stock valued at $252,000 after purchasing an additional 1,786 shares during the last quarter. Finally, CWM LLC boosted its holdings in Paycor HCM by 950.7% during the second quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after buying an additional 2,158 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.

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.