Paycor HCM (NASDAQ:PYCR) Price Target Raised to $22.50 at Citigroup

Paycor HCM (NASDAQ:PYCR) had its price objective boosted by Citigroup from $21.00 to $22.50 in a report issued on Thursday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on the stock. Stephens reiterated an “equal weight” rating and set a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. Raymond James lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group boosted their price target on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Truist Financial reaffirmed a “hold” rating and set a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research note on Thursday. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $22.50 target price (down previously from $24.00) on shares of Paycor HCM in a research note on Wednesday, January 8th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Paycor HCM currently has a consensus rating of “Hold” and a consensus target price of $21.47.

Paycor HCM Trading Up 0.1 %

PYCR opened at $22.09 on Thursday. The stock has a market capitalization of $3.97 billion, a P/E ratio of -84.96, a PEG ratio of 4.18 and a beta of 0.50. The stock has a 50-day moving average price of $19.04 and a 200-day moving average price of $15.50. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $23.49.

Institutional Investors Weigh In On Paycor HCM

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

Paycor HCM Company Profile

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.