Paycor HCM, Inc. (NASDAQ:PYCR) Given Average Recommendation of “Hold” by Analysts

Paycor HCM, Inc. (NASDAQ:PYCR) has been assigned an average rating of “Hold” from the fifteen analysts that are covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $19.40.

A number of equities analysts recently issued reports on PYCR shares. BTIG Research dropped their price objective on shares of Paycor HCM from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. 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 note on Friday, August 16th. JPMorgan Chase & Co. reduced their price objective on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Jefferies Financial Group lowered their target price on Paycor HCM from $14.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, June 24th. Finally, Mizuho reduced their price target on Paycor HCM from $19.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, July 23rd.

Paycor HCM Price Performance

NASDAQ PYCR opened at $13.75 on Wednesday. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $25.48. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -33.54, a PEG ratio of 4.05 and a beta of 0.44. The business’s fifty day moving average price is $13.73 and its 200-day moving average price is $14.04.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share 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 the consensus estimate of $161.14 million. Paycor HCM had a positive return on equity of 2.98% and a negative net margin of 9.00%. Paycor HCM’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) earnings per share. Equities research analysts anticipate that Paycor HCM will post 0.25 EPS for the current year.

Institutional Investors Weigh In On Paycor HCM

A number of institutional investors have recently added to or reduced their stakes in PYCR. CWM LLC lifted its holdings in shares of Paycor HCM by 950.7% in the second quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after buying an additional 2,158 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Paycor HCM by 52.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after purchasing an additional 1,178 shares in the last quarter. Quarry LP bought a new position in shares of Paycor HCM during the 2nd quarter valued at about $69,000. HighMark Wealth Management LLC grew its position in shares of Paycor HCM by 100.0% during the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock valued at $98,000 after purchasing an additional 3,865 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Paycor HCM in the second quarter worth about $123,000. 36.76% of the stock is 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.