Paycor HCM (NASDAQ:PYCR) Given Underweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of Paycor HCM (NASDAQ:PYCR) in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a $22.50 target price on the stock, up from their previous target price of $21.00.

Several other analysts also recently issued reports on PYCR. Mizuho increased their price target on Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Citigroup raised their target price on Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a report on Thursday, January 16th. Stifel Nicolaus upped their price target on Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, TD Cowen downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.81.

Paycor HCM Stock Down 0.1 %

PYCR opened at $22.10 on Wednesday. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $23.49. The company has a 50 day moving average of $19.51 and a two-hundred day moving average of $15.83. The company has a market cap of $3.97 billion, a P/E ratio of -85.00, a P/E/G ratio of 4.17 and a beta of 0.50.

Institutional Trading of Paycor HCM

Several hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. increased its position in Paycor HCM by 869.3% in the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after buying an additional 3,086 shares during the period. Archford Capital Strategies LLC increased its holdings in shares of Paycor HCM by 19.6% in the 4th quarter. Archford Capital Strategies LLC now owns 60,525 shares of the company’s stock worth $1,124,000 after acquiring an additional 9,921 shares during the period. Fifth Third Bancorp lifted its position in Paycor HCM by 57.3% in the 4th quarter. Fifth Third Bancorp now owns 476,874 shares of the company’s stock valued at $8,856,000 after purchasing an additional 173,752 shares during the last quarter. Mutual Advisors LLC boosted its stake in Paycor HCM by 25.2% during the 4th quarter. Mutual Advisors LLC now owns 19,741 shares of the company’s stock valued at $367,000 after purchasing an additional 3,970 shares during the period. Finally, MCF Advisors LLC bought a new position in Paycor HCM in the 4th quarter worth about $27,000. 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.