Paycor HCM (NASDAQ:PYCR – Free Report) had its price objective decreased by Truist Financial from $33.00 to $20.00 in a report issued on Tuesday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.
Several other research firms also recently commented on PYCR. Jefferies Financial Group decreased their price target on shares of Paycor HCM from $14.00 to $11.00 and set a hold rating on the stock in a research note on Monday, June 24th. BMO Capital Markets restated a market perform rating and set a $20.00 price target on shares of Paycor HCM in a research report on Tuesday, June 11th. Needham & Company LLC reaffirmed a buy rating and set a $42.00 price objective on shares of Paycor HCM in a research note on Thursday, May 9th. JMP Securities lowered their target price on Paycor HCM from $32.00 to $30.00 and set a market outperform rating for the company in a research note on Thursday, May 9th. Finally, Citigroup reduced their price target on Paycor HCM from $17.00 to $14.00 and set a neutral rating on the stock in a research report on Tuesday, June 18th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $19.88.
Read Our Latest Report on Paycor HCM
Paycor HCM Stock Down 1.4 %
Institutional Investors Weigh In On Paycor HCM
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Paycor HCM by 11.5% during the 1st quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock valued at $133,844,000 after buying an additional 710,370 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in Paycor HCM by 2.8% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company’s stock valued at $86,886,000 after acquiring an additional 184,255 shares during the period. Clearbridge Investments LLC boosted its stake in Paycor HCM by 1.9% during the first quarter. Clearbridge Investments LLC now owns 6,344,522 shares of the company’s stock worth $123,338,000 after acquiring an additional 116,118 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Paycor HCM by 9.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,429,701 shares of the company’s stock worth $47,233,000 after purchasing an additional 213,313 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Paycor HCM by 0.3% during the fourth quarter. Jennison Associates LLC now owns 2,242,698 shares of the company’s stock valued at $48,420,000 after purchasing an additional 5,918 shares in the last quarter. Institutional investors own 36.76% of the company’s stock.
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.
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