Paycor HCM (NASDAQ:PYCR) Price Target Raised to $22.50

Paycor HCM (NASDAQ:PYCR) had its target price hoisted by research analysts at Citigroup from $21.00 to $22.50 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential upside of 1.97% from the stock’s current price.

Several other research analysts have also commented on PYCR. The Goldman Sachs Group lifted their target price on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Stifel Nicolaus lifted their price objective on shares of Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Stephens reiterated an “equal weight” rating and issued a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. Jefferies Financial Group upped their price objective on shares of Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Citizens Jmp lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 9th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.47.

Paycor HCM Trading Down 0.0 %

Shares of NASDAQ:PYCR traded down $0.01 on Thursday, hitting $22.07. The company had a trading volume of 1,838,692 shares, compared to its average volume of 7,072,723. The company has a market cap of $3.96 billion, a PE ratio of -84.87, a PEG 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 business has a 50 day moving average of $19.04 and a 200 day moving average of $15.50.

Hedge Funds Weigh In On Paycor HCM

Several hedge funds have recently made changes to their positions in the business. Stifel Financial Corp lifted its position in shares of Paycor HCM by 7.8% in the third quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after purchasing an additional 981 shares in the last quarter. Covestor Ltd lifted its position in 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 buying an additional 1,210 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Paycor HCM by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock valued at $863,000 after acquiring an additional 1,560 shares in the last quarter. Raymond James & Associates increased its position in shares of Paycor HCM by 0.6% in the third quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock valued at $4,666,000 after acquiring an additional 1,834 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Paycor HCM by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 20,514 shares of the company’s stock worth $261,000 after acquiring an additional 1,964 shares in the last quarter. 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.