Paycor HCM’s (PYCR) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Paycor HCM (NASDAQ:PYCR) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $22.50 target price on the stock, up from their prior target price of $21.00.

Several other research firms have also issued reports on PYCR. Citigroup increased their price objective on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Jefferies Financial Group raised their price objective on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $22.50 target price (down previously from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. Truist Financial reiterated a “hold” rating and set a $22.50 target price (up from $20.00) on shares of Paycor HCM in a report on Thursday, January 16th. Finally, Raymond James cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Paycor HCM currently has a consensus rating of “Hold” and a consensus target price of $21.81.

Paycor HCM Stock Up 0.2 %

Shares of PYCR opened at $22.22 on Wednesday. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $23.49. The company’s fifty day moving average is $19.73 and its two-hundred day moving average is $15.93. The firm has a market cap of $3.99 billion, a PE ratio of -85.46, a price-to-earnings-growth ratio of 4.17 and a beta of 0.50.

Hedge Funds Weigh In On Paycor HCM

A number of hedge funds and other institutional investors have recently bought and sold shares of PYCR. Conestoga Capital Advisors LLC increased its position in Paycor HCM by 23.8% in the fourth quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company’s stock worth $128,772,000 after buying an additional 1,333,170 shares during the period. Blue Trust Inc. grew its position in shares of Paycor HCM by 869.3% during the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after acquiring an additional 3,086 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in shares of Paycor HCM by 19.6% in the 4th quarter. Archford Capital Strategies LLC now owns 60,525 shares of the company’s stock worth $1,124,000 after acquiring an additional 9,921 shares during the period. Fifth Third Bancorp lifted its position in Paycor HCM by 57.3% in the 4th quarter. Fifth Third Bancorp now owns 476,874 shares of the company’s stock valued at $8,856,000 after purchasing an additional 173,752 shares during the last quarter. Finally, Mutual Advisors LLC boosted its stake in Paycor HCM by 25.2% during the 4th quarter. Mutual Advisors LLC now owns 19,741 shares of the company’s stock valued at $367,000 after purchasing an additional 3,970 shares during the period. 36.76% of the stock is currently owned by institutional investors and hedge funds.

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.