Paycor HCM (NASDAQ:PYCR) Receives “Market Perform” Rating from JMP Securities

Paycor HCM (NASDAQ:PYCR)‘s stock had its “market perform” rating reaffirmed by stock analysts at JMP Securities in a note issued to investors on Thursday,Benzinga reports.

Several other brokerages have also recently commented on PYCR. Mizuho raised their target price on Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Raymond James cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. BMO Capital Markets reissued a “market perform” rating and issued a $22.50 price target (down from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. Stifel Nicolaus raised their price target on shares of Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Citizens Jmp downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Paycor HCM currently has a consensus rating of “Hold” and a consensus price target of $21.53.

Paycor HCM Stock Down 0.1 %

Shares of Paycor HCM stock opened at $22.14 on Thursday. The business has a fifty day simple moving average of $20.68 and a 200-day simple moving average of $16.59. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of -85.15, a price-to-earnings-growth ratio of 4.18 and a beta of 0.53. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $23.49.

Paycor HCM (NASDAQ:PYCR) last issued its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 3.41% and a negative net margin of 6.72%. Analysts anticipate that Paycor HCM will post 0.29 earnings per share for the current fiscal year.

Institutional Trading of Paycor HCM

A number of institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. bought a new stake in Paycor HCM during the 3rd quarter valued at approximately $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Paycor HCM by 16.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company’s stock worth $3,450,000 after acquiring an additional 34,336 shares during the period. ING Groep NV acquired a new position in Paycor HCM during the 3rd quarter valued at $4,615,000. GSA Capital Partners LLP boosted its holdings in Paycor HCM by 75.6% in the 3rd quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock valued at $1,242,000 after purchasing an additional 37,691 shares during the period. Finally, International Assets Investment Management LLC grew its position in Paycor HCM by 1,923.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after purchasing an additional 2,846 shares during the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.

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.