Paycor HCM, Inc. (NASDAQ:PYCR) Receives $19.40 Consensus Target Price from Analysts

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have earned an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $19.40.

PYCR has been the topic of several research reports. Citigroup upped their price objective on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. The Goldman Sachs Group cut their price objective on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Needham & Company LLC lowered their target price on Paycor HCM from $42.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. BTIG Research cut their price target on Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Jefferies Financial Group lowered their price target on Paycor HCM from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, June 24th.

Paycor HCM Stock Up 0.2 %

PYCR opened at $13.29 on Wednesday. The firm has a market capitalization of $2.37 billion, a P/E ratio of -32.41, a PEG ratio of 4.05 and a beta of 0.44. The stock has a fifty day moving average of $13.66 and a 200-day moving average of $14.20. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $25.48.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $164.80 million during the quarter, compared to the consensus estimate of $161.14 million. During the same period in the prior year, the business earned ($0.01) EPS. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, analysts expect that Paycor HCM will post 0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Paycor HCM

A number of institutional investors have recently made changes to their positions in PYCR. Prevail Innovative Wealth Advisors LLC increased its position in Paycor HCM by 434.5% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company’s stock worth $1,511,000 after acquiring an additional 96,736 shares during the period. SG Americas Securities LLC acquired a new position in shares of Paycor HCM during the first quarter valued at about $811,000. Comerica Bank lifted its stake in shares of Paycor HCM by 40.8% in the first quarter. Comerica Bank now owns 487,747 shares of the company’s stock valued at $9,482,000 after buying an additional 141,391 shares during the period. Clearbridge Investments LLC grew its position in Paycor HCM by 1.9% during the first quarter. Clearbridge Investments LLC now owns 6,344,522 shares of the company’s stock worth $123,338,000 after buying an additional 116,118 shares in the last quarter. Finally, Swiss National Bank increased its stake in Paycor HCM by 14.8% during the first quarter. Swiss National Bank now owns 140,200 shares of the company’s stock valued at $2,725,000 after acquiring an additional 18,100 shares during the period. 36.76% of the stock is currently owned by institutional investors.

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.