Paycor HCM’s (PYCR) “Underweight” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their underweight rating on shares of Paycor HCM (NASDAQ:PYCR) in a report published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a $22.50 price target on the stock, up from their prior price target of $21.00.

Several other research analysts have also recently issued reports on PYCR. Jefferies Financial Group increased their price objective on shares of Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Raymond James cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. Mizuho raised their target price on Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Stephens reiterated an “equal weight” rating and issued a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. Finally, The Goldman Sachs Group lifted their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.81.

Paycor HCM Stock Down 0.1 %

PYCR stock opened at $22.10 on Wednesday. The company has a market capitalization of $3.97 billion, a P/E ratio of -85.00, a PEG ratio of 4.17 and a beta of 0.50. The company has a 50-day simple moving average of $19.51 and a 200 day simple moving average of $15.83. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $23.49.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP boosted its position in Paycor HCM by 1,234.9% during the 2nd quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock worth $4,712,000 after acquiring an additional 343,194 shares during the period. ING Groep NV acquired a new stake in shares of Paycor HCM during the third quarter worth approximately $4,615,000. Cubist Systematic Strategies LLC grew its position in Paycor HCM by 207.5% during the second quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company’s stock valued at $5,907,000 after purchasing an additional 313,851 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Paycor HCM by 1,047.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 321,504 shares of the company’s stock valued at $4,562,000 after buying an additional 293,487 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Paycor HCM by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock worth $21,140,000 after buying an additional 192,633 shares in the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

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.