Paycor HCM (NASDAQ:PYCR) Price Target Lowered to $19.00 at Stifel Nicolaus

Paycor HCM (NASDAQ:PYCR) 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.

Paycor HCM Price Performance

Shares of NASDAQ PYCR opened at $13.92 on Thursday. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $25.48. The business has a fifty day moving average price of $12.43 and a 200 day moving average price of $15.88. The stock has a market capitalization of $2.48 billion, a P/E ratio of -33.95, a price-to-earnings-growth ratio of 2.42 and a beta of 0.41.

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.