Paycor HCM (NASDAQ:PYCR) PT Lowered to $15.00

Paycor HCM (NASDAQ:PYCR) had its target price trimmed by Mizuho from $19.00 to $15.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also recently commented on PYCR. Robert W. Baird decreased their price target on shares of Paycor HCM from $36.00 to $27.00 and set an outperform rating on the stock in a research note on Thursday, May 9th. Citigroup decreased their price target on shares of Paycor HCM from $17.00 to $14.00 and set a neutral rating on the stock in a research note on Tuesday, June 18th. Jefferies Financial Group decreased their price target on shares of Paycor HCM from $14.00 to $11.00 and set a hold rating on the stock in a research note on Monday, June 24th. Needham & Company LLC reissued a buy rating and set a $42.00 price target on shares of Paycor HCM in a research note on Thursday, May 9th. Finally, The Goldman Sachs Group cut their price objective on shares of Paycor HCM from $22.00 to $19.00 and set a neutral rating on the stock in a report on Monday, May 13th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Paycor HCM currently has a consensus rating of Hold and a consensus target price of $22.33.

Paycor HCM Trading Up 2.1 %

Shares of Paycor HCM stock opened at $12.90 on Tuesday. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of -31.46, a P/E/G ratio of 2.56 and a beta of 0.41. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $27.28. The firm’s 50-day moving average price is $12.58 and its two-hundred day moving average price is $16.73.

Paycor HCM (NASDAQ:PYCR) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Paycor HCM had a negative net margin of 11.11% and a positive return on equity of 2.09%. The business had revenue of $187.02 million for the quarter, compared to analysts’ expectations of $186.35 million. As a group, equities research analysts predict that Paycor HCM will post 0.19 EPS for the current year.

Institutional Investors Weigh In On Paycor HCM

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised 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 worth $133,844,000 after purchasing an additional 710,370 shares during the period. Conestoga Capital Advisors LLC raised its holdings in Paycor HCM by 38.9% in the first quarter. Conestoga Capital Advisors LLC now owns 6,657,141 shares of the company’s stock worth $129,415,000 after purchasing an additional 1,864,020 shares during the period. Clearbridge Investments LLC raised its holdings in Paycor HCM by 1.9% in the first 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 raised its holdings in 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 worth $47,233,000 after purchasing an additional 213,313 shares during the period. Finally, Jennison Associates LLC raised its holdings in Paycor HCM by 0.3% in the fourth quarter. Jennison Associates LLC now owns 2,242,698 shares of the company’s stock worth $48,420,000 after purchasing an additional 5,918 shares during the period. 36.76% of the stock is currently owned by institutional investors and hedge funds.

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.