Paycor HCM (NASDAQ:PYCR) Earns Hold Rating from Truist Financial

Paycor HCM (NASDAQ:PYCR)‘s stock had its “hold” rating restated by research analysts at Truist Financial in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $22.50 price target on the stock, up from their previous price target of $20.00. Truist Financial’s price target points to a potential upside of 1.81% from the company’s current price.

A number of other research analysts have also recently commented on PYCR. Raymond James cut shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. Needham & Company LLC cut shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group lifted their target price on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. TD Cowen upgraded Paycor HCM from a “hold” rating to a “buy” rating and upped their price target for the stock from $18.00 to $22.00 in a research note on Monday, December 2nd. Finally, Citizens Jmp cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Paycor HCM presently has an average rating of “Hold” and an average target price of $21.47.

Paycor HCM Stock Up 0.0 %

NASDAQ:PYCR opened at $22.10 on Thursday. The company has a market capitalization of $3.97 billion, a P/E ratio of -85.00, a P/E/G ratio of 4.18 and a beta of 0.50. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $23.49. The stock’s fifty day moving average is $19.24 and its two-hundred day moving average is $15.61.

Institutional Trading of Paycor HCM

Several hedge funds have recently added to or reduced their stakes in PYCR. Marshall Wace LLP grew its holdings in Paycor HCM by 1,234.9% during the 2nd quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock worth $4,712,000 after acquiring an additional 343,194 shares in the last quarter. ING Groep NV acquired a new position in shares of Paycor HCM during the third quarter worth $4,615,000. Cubist Systematic Strategies LLC increased its holdings in Paycor HCM by 207.5% in the second quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company’s stock valued at $5,907,000 after buying an additional 313,851 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Paycor HCM by 1,047.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 321,504 shares of the company’s stock valued at $4,562,000 after buying an additional 293,487 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Paycor HCM by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock worth $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 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.