Paycor HCM (NASDAQ:PYCR) Given Market Perform Rating at JMP Securities

JMP Securities reissued their market perform rating on shares of Paycor HCM (NASDAQ:PYCR) in a research report report published on Thursday,Benzinga reports.

Several other equities analysts have also recently issued reports on PYCR. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $22.50 target price (up from $21.00) on shares of Paycor HCM in a research note on Wednesday, January 22nd. Mizuho upped their price objective on shares of Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Stephens restated an “equal weight” rating and set a $22.50 target price (up from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. BMO Capital Markets restated a “market perform” rating and issued a $22.50 price target (down previously from $24.00) on shares of Paycor HCM in a research note on Wednesday, January 8th. Finally, Raymond James downgraded Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $21.81.

Paycor HCM Trading Up 0.1 %

NASDAQ PYCR opened at $22.16 on Thursday. The stock has a 50-day simple moving average of $20.60 and a two-hundred day simple moving average of $16.52. 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 announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a negative net margin of 6.72% and a positive return on equity of 3.41%. On average, research analysts anticipate that Paycor HCM will post 0.29 earnings per share for the current year.

Hedge Funds Weigh In On Paycor HCM

Several hedge funds and other institutional investors have recently modified their holdings of PYCR. Principal Financial Group Inc. purchased a new stake in Paycor HCM during the 3rd quarter valued at about $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Paycor HCM by 16.4% during the 3rd 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 purchasing an additional 34,336 shares during the last quarter. ING Groep NV purchased a new stake in shares of Paycor HCM in the third quarter valued at approximately $4,615,000. GSA Capital Partners LLP increased its holdings in shares of Paycor HCM by 75.6% in the third 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 last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Paycor HCM by 1,923.0% in the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after purchasing an additional 2,846 shares during the last quarter. 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.