Paycor HCM, Inc. (NASDAQ:PYCR) Receives Average Recommendation of “Hold” from Analysts

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have earned a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $21.81.

PYCR has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Mizuho lifted their price objective on Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Citizens Jmp lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Truist Financial reissued a “hold” rating and issued a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.50 price target (up from $21.00) on shares of Paycor HCM in a research note on Wednesday.

Paycor HCM Price Performance

Paycor HCM stock opened at $22.18 on Friday. The stock’s 50 day moving average is $19.62 and its 200 day moving average is $15.87. The firm has a market cap of $3.98 billion, a P/E ratio of -85.31, a P/E/G ratio of 4.17 and a beta of 0.50. Paycor HCM has a one year low of $10.92 and a one year high of $23.49.

Institutional Trading of Paycor HCM

Institutional investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC purchased a new stake in Paycor HCM during the 4th quarter worth about $27,000. International Assets Investment Management LLC lifted its holdings in Paycor HCM by 1,923.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after purchasing an additional 2,846 shares in the last quarter. Blue Trust Inc. lifted its holdings in Paycor HCM by 869.3% during the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after purchasing an additional 3,086 shares in the last quarter. Covestor Ltd lifted its holdings in Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares in the last quarter. Finally, Quarry LP purchased a new stake in Paycor HCM during the 2nd quarter worth about $69,000. Hedge funds and other institutional investors own 36.76% of the company’s stock.

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.