Paycor HCM, Inc. (NASDAQ:PYCR) Given Consensus Recommendation of “Buy” by Brokerages

Paycor HCM, Inc. (NASDAQ:PYCR – Get Rating) has been given an average recommendation of “Buy” by the sixteen research firms that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $35.20.

A number of equities analysts have weighed in on PYCR shares. DA Davidson started coverage on shares of Paycor HCM in a research note on Tuesday, March 29th. They issued a “neutral” rating and a $29.00 target price for the company. Credit Suisse Group dropped their price target on shares of Paycor HCM from $44.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, February 4th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Paycor HCM from $38.00 to $28.00 in a research note on Friday, January 21st. Raymond James dropped their price target on shares of Paycor HCM from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, January 25th. Finally, Cowen boosted their price target on shares of Paycor HCM from $29.00 to $30.00 in a research note on Thursday, March 31st.

Several institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp boosted its holdings in shares of Paycor HCM by 2.1% in the first quarter. Truist Financial Corp now owns 22,710 shares of the company’s stock valued at $661,000 after buying an additional 474 shares during the period. Fifth Third Bancorp boosted its holdings in Paycor HCM by 12.6% during the first quarter. Fifth Third Bancorp now owns 22,391 shares of the company’s stock worth $652,000 after purchasing an additional 2,513 shares during the last quarter. BlackRock Inc. boosted its holdings in Paycor HCM by 71.0% during the fourth quarter. BlackRock Inc. now owns 1,220,029 shares of the company’s stock worth $35,149,000 after purchasing an additional 506,378 shares during the last quarter. Allstate Corp boosted its holdings in Paycor HCM by 67.4% during the fourth quarter. Allstate Corp now owns 16,578 shares of the company’s stock worth $478,000 after purchasing an additional 6,673 shares during the last quarter. Finally, Bullseye Asset Management LLC boosted its holdings in Paycor HCM by 25.8% during the fourth quarter. Bullseye Asset Management LLC now owns 63,453 shares of the company’s stock worth $1,813,000 after purchasing an additional 13,000 shares during the last quarter. Institutional investors own 18.99% of the company’s stock.

Shares of NASDAQ PYCR opened at $24.76 on Friday. Paycor HCM has a 1-year low of $22.76 and a 1-year high of $39.71. The company has a 50-day moving average of $27.79 and a two-hundred day moving average of $28.96.

Paycor HCM (NASDAQ:PYCR – Get Rating) last announced its earnings results on Thursday, February 3rd. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.02. The company had revenue of $103.07 million during the quarter, compared to the consensus estimate of $99.58 million. On average, equities research analysts anticipate that Paycor HCM will post -0.09 earnings per share for the current year.

About Paycor HCM (Get Rating)

Paycor HCM, Inc 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. The company's SaaS based people management products include Core HCM and Payroll, a calculation engine that enables real-time changes in payroll processing; Workforce Management, a solution with flexible time entry, overtime calculations, and scheduling capabilities with real-time payroll synchronization; Benefits Administration, a decision support solution to help leaders to streamline and optimize company's benefits administration; Talent Management, an integrated compensation and performance management solution; and Employee Engagement, a solution with interactive learning tools and AI-powered surveys.

Featured Stories