Paycor HCM (NASDAQ:PYCR) Given “Hold” Rating at Truist Financial

Truist Financial reissued their hold rating on shares of Paycor HCM (NASDAQ:PYCR) in a research report sent to investors on Thursday,Benzinga reports. They currently have a $22.50 price target on the stock, up from their prior price target of $20.00.

Other equities analysts also recently issued reports about the company. Citizens Jmp downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. Jefferies Financial Group increased their target price on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group lifted their price target on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Needham & Company LLC lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus raised their price objective on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $21.47.

Paycor HCM Trading Up 0.1 %

PYCR opened at $22.09 on Thursday. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49. The firm’s 50 day simple moving average is $19.04 and its two-hundred day simple moving average is $15.50. The company has a market capitalization of $3.97 billion, a PE ratio of -84.96, a PEG ratio of 4.18 and a beta of 0.50.

Institutional Trading of Paycor HCM

Several hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC increased its position in Paycor HCM by 1,923.0% in the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after purchasing an additional 2,846 shares during the last quarter. Quarry LP purchased a new position in shares of Paycor HCM in the 2nd quarter worth $69,000. Covestor Ltd increased its holdings in shares of Paycor HCM by 29.4% in 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 during the last quarter. FMR LLC raised its position in shares of Paycor HCM by 93.9% during the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after buying an additional 4,804 shares in the last quarter. Finally, Octavia Wealth Advisors LLC bought a new position in shares of Paycor HCM in the 3rd quarter valued at about $143,000. 36.76% of the stock is owned by hedge funds and other 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.