Paycor HCM (NASDAQ:PYCR) PT Lowered to $20.00 at Truist Financial

Paycor HCM (NASDAQ:PYCR) 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.

Paycor HCM Stock Down 1.4 %

Shares of Paycor HCM stock traded down $0.19 during trading on Tuesday, hitting $13.64. 126,283 shares of the stock traded hands, compared to its average volume of 985,722. The firm’s fifty day moving average is $12.39 and its 200-day moving average is $15.95. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of -33.73, a PEG ratio of 2.42 and a beta of 0.41. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $25.48.

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.