Shares of Paycor HCM, Inc. (NASDAQ:PYCR – Get Rating) have been given an average rating of “Buy” by the sixteen brokerages that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $35.20.
A number of analysts have commented on PYCR shares. Zacks Investment Research downgraded shares of Paycor HCM from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. Credit Suisse Group cut their price objective on shares of Paycor HCM from $44.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, February 4th. DA Davidson started coverage on shares of Paycor HCM in a report on Tuesday, March 29th. They issued a “neutral” rating and a $29.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Paycor HCM from $38.00 to $28.00 in a report on Friday, January 21st. Finally, Cowen increased their price objective on shares of Paycor HCM from $29.00 to $30.00 in a report on Thursday, March 31st.
Several hedge funds and other institutional investors have recently made changes to their positions in PYCR. Signaturefd LLC acquired a new stake in shares of Paycor HCM during the 3rd quarter worth approximately $62,000. New York State Common Retirement Fund acquired a new stake in Paycor HCM in the 3rd quarter valued at approximately $6,235,000. Lisanti Capital Growth LLC acquired a new stake in Paycor HCM in the 3rd quarter valued at approximately $8,564,000. Treasurer of the State of North Carolina acquired a new stake in Paycor HCM in the 3rd quarter valued at approximately $259,000. Finally, Pendal Group Ltd acquired a new stake in Paycor HCM in the 3rd quarter valued at approximately $496,000. Institutional investors and hedge funds own 18.99% of the company’s stock.
Paycor HCM (NASDAQ:PYCR – Get Rating) last issued its quarterly earnings results on Thursday, February 3rd. The company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. The company had revenue of $103.07 million during the quarter, compared to analysts’ expectations of $99.58 million. As a group, equities research analysts expect that Paycor HCM will post -0.09 EPS 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.
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