Paycor HCM’s (PYCR) Market Perform Rating Reaffirmed at JMP Securities

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

PYCR has been the topic of a number of other reports. Jefferies Financial Group raised their price target on shares of Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Needham & Company LLC cut shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 8th. BMO Capital Markets reiterated 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. Stephens reaffirmed an “equal weight” rating and issued a $22.50 target price (up previously from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $22.50 price target (up from $21.00) on shares of Paycor HCM in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.81.

Paycor HCM Price Performance

NASDAQ:PYCR traded down $0.02 during mid-day trading on Thursday, reaching $22.13. The stock had a trading volume of 1,563,661 shares, compared to its average volume of 4,321,980. Paycor HCM has a 12 month low of $10.92 and a 12 month high of $23.49. The stock has a market capitalization of $3.97 billion, a PE ratio of -85.10, a P/E/G ratio of 4.18 and a beta of 0.53. The stock has a 50-day simple moving average of $20.52 and a two-hundred day simple moving average of $16.49.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings results 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 negative net margin of 6.72% and a positive return on equity of 3.41%. Equities analysts expect that Paycor HCM will post 0.29 EPS for the current year.

Institutional Trading of Paycor HCM

Several large investors have recently modified their holdings of PYCR. MCF Advisors LLC bought a new position in Paycor HCM during the fourth quarter worth $27,000. International Assets Investment Management LLC raised its holdings 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 valued at $42,000 after purchasing an additional 2,846 shares during the period. Blue Trust Inc. boosted its position in shares of Paycor HCM by 869.3% during the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after purchasing an additional 3,086 shares in the last quarter. Covestor Ltd grew its stake in shares of 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 period. Finally, FMR LLC increased its position 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 in the last quarter. Institutional investors and hedge funds 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.