Paycor HCM’s (PYCR) Hold Rating Reiterated at Truist Financial

Paycor HCM (NASDAQ:PYCR)‘s stock had its “hold” rating reiterated by equities researchers at Truist Financial in a research note issued to 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 suggests a potential upside of 1.81% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Stephens reissued an “equal weight” rating and issued a $22.50 target price (up from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. TD Cowen raised Paycor HCM from a “hold” rating to a “buy” rating and increased their price objective for the company from $18.00 to $22.00 in a report on Monday, December 2nd. Needham & Company LLC lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Citigroup upped their price target on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Finally, JMP Securities reissued a “market outperform” rating and set a $30.00 price objective on shares of Paycor HCM in a research report on Monday, January 6th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.47.

Paycor HCM Price Performance

Shares of PYCR opened at $22.10 on Thursday. The firm has a fifty day moving average price of $19.24 and a 200 day moving average price of $15.61. The stock has a market cap of $3.97 billion, a PE ratio of -85.00, a price-to-earnings-growth ratio of 4.18 and a beta of 0.50. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49.

Institutional Trading of Paycor HCM

Several hedge funds have recently modified their holdings of PYCR. MCF Advisors LLC acquired a new position in Paycor HCM during the fourth quarter worth $27,000. International Assets Investment Management LLC boosted its position in shares of Paycor HCM by 1,923.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $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 2nd quarter worth $69,000. Covestor Ltd grew its stake in shares of Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares during the period. Finally, FMR LLC increased its holdings in shares of Paycor HCM by 93.9% in the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after purchasing an additional 4,804 shares in the last quarter. 36.76% of the stock is 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.