Paycor (PYCR)

• Market cap: $4.06B
• 1 day: 0.00%
• 5 days: 0.04%
• 1 month: 0.72%
• 3 months: 11.86%
• 6 months: 60.91%
• Year to date: 21.86%
• 1 year: 15.33%
• 5 years: -14.20%
• 10 years: -14.20%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Paycor HCM provides payroll and human capital management solutions to small and midsize clients in the United States via a software-as-a-service model. Alongside core payroll functionality, the firm's platform offers a suite of HCM solutions including talent management and time and attendance software, third-party integration capabilities, and industry-specific configurations. The firm targets customers with 10-1,000 employees and had over 30,500 customers as of June 2024.

Employees: 2,900

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

33% more capital invested

Capital invested by funds: $1.1B [Q3] → $1.46B (+$364M) [Q4]

24% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 33

21% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 66

3% more funds holding

Funds holding: 197 [Q3] → 203 (+6) [Q4]

0.5% more ownership

Funds ownership: 43.24% [Q3] → 43.74% (+0.5%) [Q4]

33% less call options, than puts

Call options by funds: $258K | Put options by funds: $386K

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $20 11% downside
• Avg. target: $23 1% upside
• High target: $25 12% upside

9 analyst ratings

• positive: 2 22%
• neutral: 6 67%
• negative: 1 11%

Baird Mark Marcon 33% 1-year accuracy 8 / 24 met price target	1% upside $23	Neutral Downgraded	7 Feb 2025
JP Morgan Mark Murphy 41% 1-year accuracy 20 / 49 met price target	1% upside $23	Underweight Downgraded	22 Jan 2025
Citigroup Steven Enders 43% 1-year accuracy 12 / 28 met price target	1% upside $23	Neutral Maintained	16 Jan 2025
Truist Securities Terry Tillman 36% 1-year accuracy 16 / 45 met price target	1% upside $23	Hold Downgraded	16 Jan 2025
Stephens & Co. Charles Nabhan 33% 1-year accuracy 10 / 30 met price target	1% upside $23	Equal-Weight Downgraded	10 Jan 2025