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

Paycor HCM (NASDAQ:PYCR)‘s stock had its “market perform” rating restated by JMP Securities in a research report issued on Thursday,Benzinga reports.

Several other equities analysts have also recently weighed in on the company. Needham & Company LLC cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Wednesday, January 8th. BMO Capital Markets restated a “market perform” rating and issued a $22.50 price target (down from $24.00) on shares of Paycor HCM in a research note on Wednesday, January 8th. TD Cowen cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 20th. Citigroup raised their target price on shares of Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $22.50 price target (up from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.81.

Paycor HCM Trading Down 0.1 %

Shares of PYCR stock traded down $0.02 during trading hours on Thursday, hitting $22.13. 1,563,661 shares of the company were exchanged, compared to its average volume of 4,321,980. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $23.49. The business has a 50 day moving average of $20.52 and a two-hundred day moving average of $16.49. The company has a market capitalization of $3.97 billion, a PE ratio of -85.10, a PEG ratio of 4.18 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR) last released 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%. On average, research analysts forecast that Paycor HCM will post 0.29 EPS for the current year.

Institutional Investors Weigh In On Paycor HCM

A number of institutional investors have recently modified their holdings of the business. Hardy Reed LLC acquired a new stake in Paycor HCM in the 4th quarter worth about $259,000. Handelsbanken Fonder AB raised its position in shares of Paycor HCM by 25.0% in the fourth quarter. Handelsbanken Fonder AB now owns 19,000 shares of the company’s stock valued at $353,000 after buying an additional 3,800 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of Paycor HCM by 507.2% in the fourth quarter. Ieq Capital LLC now owns 102,220 shares of the company’s stock valued at $1,898,000 after buying an additional 85,385 shares during the period. Alberta Investment Management Corp acquired a new stake in Paycor HCM during the fourth quarter worth approximately $1,744,000. Finally, TimesSquare Capital Management LLC increased its stake in Paycor HCM by 24.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 793,261 shares of the company’s stock worth $14,731,000 after acquiring an additional 156,410 shares during the period. 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.