Paycor HCM, Inc. (NASDAQ:PYCR) Given Average Rating of “Hold” by Brokerages

Paycor HCM, Inc. (NASDAQ:PYCR) has been assigned a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, sixteen have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $21.53.

A number of research analysts have weighed in on PYCR shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $22.50 price target (down previously from $24.00) on shares of Paycor HCM in a research note on Wednesday, January 8th. Truist Financial reaffirmed a “hold” rating and issued a $22.50 target price (up from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.50 price target (up previously from $21.00) on shares of Paycor HCM in a research note on Wednesday, January 22nd. Raymond James cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Mizuho lifted their target price on Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Wednesday, January 8th.

Institutional Investors Weigh In On Paycor HCM

Several hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in Paycor HCM by 28.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 488,779 shares of the company’s stock valued at $6,936,000 after buying an additional 108,602 shares during the period. FMR LLC increased its holdings in shares of Paycor HCM by 93.9% during the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after acquiring an additional 4,804 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in 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 acquiring an additional 34,336 shares during the period. Captrust Financial Advisors lifted its holdings in Paycor HCM by 23.3% during the 3rd quarter. Captrust Financial Advisors now owns 25,543 shares of the company’s stock valued at $362,000 after purchasing an additional 4,829 shares during the last quarter. Finally, Centiva Capital LP boosted its position in Paycor HCM by 38.2% during the third quarter. Centiva Capital LP now owns 41,133 shares of the company’s stock worth $584,000 after purchasing an additional 11,376 shares during the period. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Paycor HCM Stock Down 0.3 %

PYCR opened at $22.40 on Wednesday. The stock has a market cap of $4.07 billion, a P/E ratio of -186.65, a P/E/G ratio of 3.84 and a beta of 0.50. Paycor HCM has a 12 month low of $10.92 and a 12 month high of $23.49. The company has a fifty day simple moving average of $22.29 and a 200 day simple moving average of $19.16.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, equities research analysts expect 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.