Paycor HCM’s (PYCR) “Hold” Rating Reiterated at Truist Financial

Paycor HCM (NASDAQ:PYCR)‘s stock had its “hold” rating reiterated by stock analysts at Truist Financial in a report issued on Thursday,Benzinga reports. They currently have a $22.50 price objective on the stock, up from their previous price objective of $20.00. Truist Financial’s price target would suggest a potential upside of 1.95% from the stock’s previous close.

PYCR has been the topic of several other research reports. Raymond James cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Monday. Citizens Jmp downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. TD Cowen raised shares of Paycor HCM from a “hold” rating to a “buy” rating and raised their price objective for the company from $18.00 to $22.00 in a research note on Monday, December 2nd. Jefferies Financial Group increased their price target on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group increased their price target on Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Paycor HCM presently has an average rating of “Hold” and a consensus target price of $21.06.

Paycor HCM Price Performance

Shares of Paycor HCM stock opened at $22.07 on Thursday. The firm has a 50 day simple moving average of $18.93 and a 200 day simple moving average of $15.46. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $23.49. The firm has a market cap of $3.97 billion, a P/E ratio of -84.88, a P/E/G ratio of 4.18 and a beta of 0.50.

Hedge Funds Weigh In On Paycor HCM

Several hedge funds have recently modified their holdings of PYCR. Rhumbline Advisers grew its holdings in shares of Paycor HCM by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock valued at $863,000 after acquiring an additional 1,560 shares in the last quarter. Choreo LLC bought a new position in shares of Paycor HCM in the 2nd quarter valued at about $150,000. Envestnet Asset Management Inc. grew its holdings in shares of Paycor HCM by 15.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 339,041 shares of the company’s stock valued at $4,306,000 after acquiring an additional 46,262 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Paycor HCM by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock valued at $21,140,000 after acquiring an additional 192,633 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Paycor HCM in the 2nd quarter valued at about $1,544,000. Institutional investors own 36.76% of the company’s stock.

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.