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

Paycor HCM, Inc. (NASDAQ:PYCR) has earned an average recommendation of “Hold” from the eighteen ratings firms that are covering the firm, Marketbeat.com reports. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $21.47.

Several equities analysts recently commented on the company. Stifel Nicolaus upped their price objective on Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Needham & Company LLC downgraded Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and issued a $30.00 price objective on shares of Paycor HCM in a research note on Monday, January 6th. Raymond James lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday. Finally, Truist Financial reissued a “hold” rating and issued a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research report on Thursday.

Paycor HCM Stock Up 0.1 %

PYCR opened at $22.09 on Friday. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $23.49. The company’s 50-day moving average price is $19.04 and its two-hundred day moving average price is $15.50. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of -84.96, a PEG ratio of 4.18 and a beta of 0.50.

Hedge Funds Weigh In On Paycor HCM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in shares of Paycor HCM by 1,923.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after acquiring an additional 2,846 shares in the last quarter. Quarry LP bought a new position in shares of Paycor HCM in the second quarter worth approximately $69,000. Covestor Ltd raised its stake in Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after purchasing an additional 1,210 shares in the last quarter. FMR LLC lifted its position in Paycor HCM by 93.9% during the third quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after purchasing an additional 4,804 shares during the last quarter. Finally, Octavia Wealth Advisors LLC purchased a new position in Paycor HCM in the 3rd quarter worth approximately $143,000. 36.76% of the stock is currently owned by hedge funds and other institutional investors.

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.