Paycor HCM, Inc. (NASDAQ:PYCR) Receives $19.27 Consensus PT from Analysts

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have been assigned a consensus recommendation of “Hold” from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $19.27.

A number of research analysts recently weighed in on the stock. Citigroup dropped their price objective on shares of Paycor HCM from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, June 18th. BMO Capital Markets reissued a “market perform” rating and issued a $20.00 target price on shares of Paycor HCM in a report on Tuesday, June 11th. BTIG Research lowered their price objective on shares of Paycor HCM from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Mizuho lowered their price target on Paycor HCM from $19.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. Finally, Stifel Nicolaus reduced their price objective on Paycor HCM from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, August 15th.

Institutional Trading of Paycor HCM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PYCR. Vanguard Group Inc. lifted its holdings in Paycor HCM by 11.5% in the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock valued at $133,844,000 after buying an additional 710,370 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of Paycor HCM by 2.8% during the second quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company’s stock worth $86,886,000 after acquiring an additional 184,255 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Paycor HCM by 1.9% in the 1st quarter. Clearbridge Investments LLC now owns 6,344,522 shares of the company’s stock worth $123,338,000 after purchasing an additional 116,118 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Paycor HCM by 9.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,429,701 shares of the company’s stock valued at $47,233,000 after purchasing an additional 213,313 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Paycor HCM by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock valued at $21,140,000 after buying an additional 192,633 shares during the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Stock Performance

NASDAQ PYCR opened at $13.70 on Friday. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $25.48. The stock’s fifty day moving average is $13.22 and its two-hundred day moving average is $14.91. The firm has a market capitalization of $2.45 billion, a P/E ratio of -33.41, a price-to-earnings-growth ratio of 4.33 and a beta of 0.44.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, August 14th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $164.80 million for the quarter, compared to analysts’ expectations of $161.14 million. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. Paycor HCM’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.01) earnings per share. As a group, sell-side analysts forecast that Paycor HCM will post 0.25 EPS for the current 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.