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

Paycor HCM, Inc. (NASDAQ:PYCR) has earned a consensus recommendation of “Hold” from the nineteen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $21.53.

A number of equities analysts recently issued reports on PYCR shares. 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. BMO Capital Markets reissued a “market perform” rating and issued a $22.50 target price (down previously from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. TD Cowen lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 20th. Baird R W cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Stephens reissued an “equal weight” rating and set a $22.50 price objective (up previously from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th.

Paycor HCM Stock Performance

Shares of PYCR stock opened at $22.19 on Tuesday. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $23.49. The firm has a market cap of $4.03 billion, a P/E ratio of -184.90, a P/E/G ratio of 4.20 and a beta of 0.53. The business’s 50 day moving average price is $21.08 and its 200-day moving average price is $17.05.

Paycor HCM (NASDAQ:PYCR) last released its quarterly 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 negative net margin of 3.06% and a positive return on equity of 4.29%. As a group, equities analysts predict that Paycor HCM will post 0.29 EPS for the current year.

Institutional Trading of Paycor HCM

A number of institutional investors and hedge funds have recently modified their holdings of PYCR. True Wealth Design LLC boosted its position in shares of Paycor HCM by 105.3% during the fourth quarter. True Wealth Design LLC now owns 1,357 shares of the company’s stock valued at $25,000 after buying an additional 696 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Paycor HCM by 7.8% during the 3rd quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock valued at $192,000 after acquiring an additional 981 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after acquiring an additional 1,210 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Paycor HCM by 6.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,572 shares of the company’s stock worth $363,000 after acquiring an additional 1,237 shares during the period. Finally, MCF Advisors LLC purchased a new position in shares of Paycor HCM during the fourth quarter valued at approximately $27,000. 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.