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

JMP Securities restated their market perform rating on shares of Paycor HCM (NASDAQ:PYCR - Free Report) in a research note issued to investors on Thursday morning,Benzinga reports.

Several other equities analysts have also commented on PYCR. Stephens reaffirmed an "equal weight" rating and issued a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. Citizens Jmp cut shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 9th. Citigroup lifted their price target on shares of Paycor HCM from $21.00 to $22.50 and gave the company a "neutral" rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $22.50 price objective (up from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group lifted their target price on shares of Paycor HCM from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Paycor HCM currently has a consensus rating of "Hold" and a consensus price target of $21.53.

Paycor HCM Price Performance

Paycor HCM stock traded up $0.04 during trading on Thursday, reaching $22.18. 2,070,833 shares of the company were exchanged, compared to its average volume of 4,170,397. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $23.49. The company has a market capitalization of $4.03 billion, a P/E ratio of -184.82, a PEG ratio of 4.20 and a beta of 0.53. The stock's 50 day simple moving average is $20.68 and its two-hundred day simple moving average is $16.64.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.29% and a negative net margin of 3.06%. As a group, equities analysts forecast that Paycor HCM will post 0.29 earnings per share for the current year.

Hedge Funds Weigh In On Paycor HCM

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MCF Advisors LLC acquired a new stake in Paycor HCM during the 4th quarter worth approximately $27,000. International Assets Investment Management LLC raised its stake in shares of Paycor HCM by 1,923.0% during the third 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. Blue Trust Inc. lifted its holdings 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 purchasing an additional 3,086 shares during the period. Covestor Ltd grew its position in Paycor HCM by 29.4% in the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company's stock valued at $76,000 after buying an additional 1,210 shares during the last quarter. Finally, FMR LLC increased its stake in Paycor HCM by 93.9% in the 3rd quarter. FMR LLC now owns 9,918 shares of the company's stock valued at $141,000 after buying an additional 4,804 shares during the period. Hedge funds and other institutional investors own 36.76% of the company's stock.

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.