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

Truist Financial reaffirmed their hold rating on shares of Paycor HCM (NASDAQ:PYCR) in a research report released on Thursday,Benzinga reports. They currently have a $22.50 price target on the stock, up from their prior price target of $20.00.

Other research analysts have also issued research reports about the company. Stephens restated an “equal weight” rating and set a $22.50 target price (up previously from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. Needham & Company LLC downgraded Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Citizens Jmp downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. The Goldman Sachs Group upped their price target on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, JMP Securities reiterated a “market outperform” rating and set a $30.00 price objective on shares of Paycor HCM in a report on Monday, January 6th. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.47.

Paycor HCM Trading Up 0.1 %

Paycor HCM stock opened at $22.09 on Thursday. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $23.49. The firm has a 50-day moving average price of $19.04 and a 200-day moving average price of $15.50. The firm has a market capitalization of $3.97 billion, a PE ratio of -84.96, a price-to-earnings-growth ratio of 4.18 and a beta of 0.50.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its position in Paycor HCM by 1,923.0% during the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after purchasing an additional 2,846 shares in the last quarter. Quarry LP purchased a new stake in shares of Paycor HCM during the second quarter valued at about $69,000. Covestor Ltd grew its position in shares of Paycor HCM by 29.4% in the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after buying an additional 1,210 shares during the last quarter. FMR LLC grew its position in shares of Paycor HCM by 93.9% in the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after buying an additional 4,804 shares during the last quarter. Finally, Octavia Wealth Advisors LLC bought a new position in shares of Paycor HCM during the 3rd quarter worth approximately $143,000. 36.76% of the stock is owned by 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.