Paycor HCM (NASDAQ:PYCR – Free Report) had its price objective reduced by Stifel Nicolaus from $22.00 to $19.00 in a research note released on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.
A number of other research firms have also recently weighed in on PYCR. Robert W. Baird lowered their price target on shares of Paycor HCM from $36.00 to $27.00 and set an outperform rating on the stock in a report on Thursday, May 9th. BMO Capital Markets restated a market perform rating and issued a $20.00 target price on shares of Paycor HCM in a research note on Tuesday, June 11th. The Goldman Sachs Group reduced their price target on Paycor HCM from $22.00 to $19.00 and set a neutral rating on the stock in a research report on Monday, May 13th. Mizuho lowered their price objective on Paycor HCM from $19.00 to $15.00 and set a neutral rating for the company in a research report on Tuesday, July 23rd. Finally, Needham & Company LLC reduced their target price on Paycor HCM from $42.00 to $20.00 and set a buy rating on the stock in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $19.27.
Check Out Our Latest Stock Report on Paycor HCM
Paycor HCM Price Performance
Institutional Trading of Paycor HCM
Several large investors have recently made changes to their positions in PYCR. CWM LLC lifted its position in Paycor HCM by 950.7% during the second quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after purchasing an additional 2,158 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Paycor HCM by 52.4% during the 1st 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 during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Paycor HCM by 1,824.7% in the 4th quarter. International Assets Investment Management LLC now owns 3,195 shares of the company’s stock valued at $69,000 after buying an additional 3,029 shares during the period. Quarry LP purchased a new stake in shares of Paycor HCM in the second quarter worth about $69,000. Finally, HighMark Wealth Management LLC grew its holdings in Paycor HCM by 100.0% during the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock worth $98,000 after acquiring an additional 3,865 shares during the period. 36.76% of the stock is owned by hedge funds and other institutional investors.
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.
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