Citigroup Boosts Paycor HCM (NASDAQ:PYCR) Price Target to $16.00

Paycor HCM (NASDAQ:PYCR) had its price objective hoisted by Citigroup from $15.00 to $16.00 in a report published on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also issued research reports about the company. UBS Group reduced their target price on Paycor HCM from $18.00 to $15.00 and set a neutral rating on the stock in a research note on Friday, August 16th. Jefferies Financial Group decreased their price target on Paycor HCM from $14.00 to $11.00 and set a hold rating for the company in a research note on Monday, June 24th. BMO Capital Markets reaffirmed a market perform rating and issued a $20.00 price target on shares of Paycor HCM in a report on Tuesday, June 11th. BTIG Research cut 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 note on Thursday, August 15th. Finally, The Goldman Sachs Group dropped their price target on shares of Paycor HCM from $19.00 to $17.00 and set a neutral rating on the stock in a research report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $19.40.

Paycor HCM Stock Up 0.3 %

Shares of Paycor HCM stock opened at $14.04 on Wednesday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of -34.24, a PEG ratio of 4.32 and a beta of 0.44. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $25.48. The stock’s 50-day simple moving average is $13.45 and its 200-day simple moving average is $14.59.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $164.80 million for the quarter, compared to the consensus estimate of $161.14 million. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) EPS. On average, equities analysts expect that Paycor HCM will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Paycor HCM by 950.7% in the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after acquiring an additional 2,158 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Paycor HCM by 52.4% during the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after acquiring an additional 1,178 shares during the period. Quarry LP acquired a new stake in Paycor HCM in the 2nd quarter valued at about $69,000. HighMark Wealth Management LLC increased its holdings in Paycor HCM by 100.0% in the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock valued at $98,000 after buying an additional 3,865 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Paycor HCM in the second quarter valued at $123,000. Hedge funds and other 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.