Paycor HCM (NASDAQ:PYCR) Stock Price Expected to Rise, Citigroup Analyst Says

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

Several other equities analysts also recently commented on the stock. Raymond James downgraded shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group increased their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. JMP Securities reiterated a “market outperform” rating and set a $30.00 target price on shares of Paycor HCM in a research note on Monday, January 6th. Citizens Jmp cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, TD Cowen raised Paycor HCM from a “hold” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $22.00 in a research report on Monday, December 2nd. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.47.

Paycor HCM Stock Down 0.0 %

NASDAQ PYCR traded down $0.01 during trading on Thursday, hitting $22.07. The stock had a trading volume of 1,838,692 shares, compared to its average volume of 7,072,723. The company has a market capitalization 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 twelve month low of $10.92 and a twelve month high of $23.49. The firm has a 50 day moving average price of $19.04 and a 200 day moving average price of $15.50.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its holdings in shares of 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 valued at $42,000 after acquiring an additional 2,846 shares in the last quarter. Quarry LP purchased a new stake in shares of Paycor HCM during the 2nd quarter worth approximately $69,000. Covestor Ltd grew 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 acquiring an additional 1,210 shares during the period. FMR LLC increased its stake in Paycor HCM by 93.9% in the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after purchasing an additional 4,804 shares in the last quarter. Finally, Octavia Wealth Advisors LLC acquired a new position in Paycor HCM during the third quarter worth $143,000. Institutional investors and hedge funds 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.