Paycor HCM, Inc. (NASDAQ:PYCR) Receives $19.27 Consensus PT from Analysts

Paycor HCM, Inc. (NASDAQ:PYCR) has earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $19.27.

PYCR has been the subject of a number of recent analyst reports. UBS Group cut their price target on shares of Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. The Goldman Sachs Group dropped their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Jefferies Financial Group reduced their price objective on Paycor HCM from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, June 24th. Citigroup lowered their target price on Paycor HCM from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th. Finally, BTIG Research decreased their price objective on Paycor HCM from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, August 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC increased its stake in shares of Paycor HCM by 950.7% in the second quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after buying an additional 2,158 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Paycor HCM by 52.4% in 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. Quarry LP acquired a new position in Paycor HCM during the 2nd quarter valued at about $69,000. HighMark Wealth Management LLC raised its position in Paycor HCM by 100.0% in the 2nd 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 last quarter. Finally, nVerses Capital LLC bought a new position in shares of Paycor HCM during the second quarter valued at about $123,000. Institutional investors own 36.76% of the company’s stock.

Paycor HCM Price Performance

Shares of NASDAQ PYCR opened at $13.70 on Friday. The business has a 50-day moving average of $13.22 and a 200-day moving average of $14.91. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -33.41, a PEG ratio of 4.33 and a beta of 0.44. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $25.48.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $164.80 million for the quarter, compared to analyst estimates of $161.14 million. Paycor HCM had a positive return on equity of 2.98% and a negative net margin of 9.00%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) EPS. On average, sell-side analysts expect that Paycor HCM will post 0.25 EPS for the current 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.