Stifel Nicolaus Cuts Paycor HCM (NASDAQ:PYCR) Price Target to $19.00

Paycor HCM (NASDAQ:PYCR) had its target price decreased by Stifel Nicolaus from $22.00 to $19.00 in a report published on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other brokerages have also issued reports on PYCR. Citigroup dropped 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. Jefferies Financial Group dropped their price objective on shares of Paycor HCM from $14.00 to $11.00 and set a hold rating for the company in a report on Monday, June 24th. Mizuho reduced their target price on Paycor HCM from $19.00 to $15.00 and set a neutral rating on the stock in a research note on Tuesday, July 23rd. Needham & Company LLC dropped their price target on Paycor HCM from $42.00 to $20.00 and set a buy rating for the company in a research note on Thursday. Finally, BMO Capital Markets reiterated a market perform rating and set a $20.00 price objective on shares of Paycor HCM in a research report on Tuesday, June 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Paycor HCM has a consensus rating of Hold and an average price target of $19.27.

Paycor HCM Stock Performance

Paycor HCM stock opened at $13.92 on Thursday. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $25.48. The stock has a market cap of $2.48 billion, a P/E ratio of -33.95, a PEG ratio of 2.49 and a beta of 0.41. The firm’s fifty day moving average price is $12.43 and its 200-day moving average price is $15.86.

Paycor HCM (NASDAQ:PYCR) last announced its earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Paycor HCM had a positive return on equity of 2.98% and a negative net margin of 9.00%. The business had revenue of $164.80 million for the quarter, compared to analyst estimates of $161.14 million. During the same period in the prior year, the company earned ($0.01) EPS. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. Sell-side analysts predict that Paycor HCM will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On Paycor HCM

Institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its position in Paycor HCM by 950.7% during the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after acquiring an additional 2,158 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of 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 purchasing an additional 1,178 shares in the last quarter. International Assets Investment Management LLC grew its stake in Paycor HCM by 1,824.7% in the fourth quarter. International Assets Investment Management LLC now owns 3,195 shares of the company’s stock worth $69,000 after purchasing an additional 3,029 shares during the period. Quarry LP bought a new position in Paycor HCM in the second quarter worth $69,000. Finally, HighMark Wealth Management LLC lifted its position in Paycor HCM by 100.0% during the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock valued at $98,000 after buying an additional 3,865 shares during the period. 36.76% of the stock is owned by 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.