Paycor HCM, Inc. (NASDAQ:PYCR) Receives $21.53 Consensus PT from Analysts

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have earned an average rating of “Hold” from the nineteen ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $21.53.

Several research analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Needham & Company LLC lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Raymond James lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. TD Cowen lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 20th. Finally, Mizuho raised their price objective on shares of Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Wednesday, January 8th.

Institutional Trading of Paycor HCM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Paycor HCM during the fourth quarter worth approximately $286,000. Mackenzie Financial Corp acquired a new stake in Paycor HCM during the fourth quarter worth approximately $614,000. Public Employees Retirement System of Ohio raised its holdings in Paycor HCM by 6.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 28,098 shares of the company’s stock worth $522,000 after purchasing an additional 1,740 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Paycor HCM by 6.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 259,042 shares of the company’s stock worth $4,810,000 after purchasing an additional 15,927 shares in the last quarter. Finally, Woodline Partners LP raised its holdings in Paycor HCM by 5.4% during the fourth quarter. Woodline Partners LP now owns 473,690 shares of the company’s stock worth $8,796,000 after purchasing an additional 24,397 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Price Performance

Shares of PYCR stock opened at $22.34 on Friday. The firm has a market cap of $4.06 billion, a PE ratio of -186.15, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53. The company has a 50-day moving average of $21.91 and a two-hundred day moving average of $18.04. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49.

Paycor HCM (NASDAQ:PYCR) last announced its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share 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%. Sell-side analysts anticipate that Paycor HCM will post 0.3 EPS 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.