Stifel Nicolaus Reaffirms Their Buy Rating on Paycor HCM (PYCR)

Stifel Nicolaus analyst Brad Reback maintained a Buy rating on Paycor HCM (PYCR – Research Report) on May 10 and set a price target of $22.00. The company’s shares closed last Friday at $14.50.

Reback covers the Technology sector, focusing on stocks such as ServiceNow, Microsoft, and MongoDB. According to TipRanks, Reback has an average return of 13.3% and a 56.42% success rate on recommended stocks.

Paycor HCM has an analyst consensus of Moderate Buy, with a price target consensus of $24.25, implying a 67.24% upside from current levels. In a report released on May 9, BTIG also reiterated a Buy rating on the stock with a $26.00 price target.

Based on Paycor HCM’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $159.54 million and a GAAP net loss of $26.25 million. In comparison, last year the company earned a revenue of $132.86 million and had a GAAP net loss of $27.46 million

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PYCR in relation to earlier this year.

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Paycor HCM (PYCR) Company Description:

Paycor HCM Inc is a Software-as-a-Service provider of human capital management solutions for small and medium-sized businesses. Its suite of solutions enables organizations to streamline HCM and payroll workflows and achieve regulatory compliance while serving as the single, secure system of record for all employee data.