JMP Securities Reaffirms “Market Perform” Rating for Paycor HCM (NASDAQ:PYCR)

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

PYCR has been the subject of a number of other research reports. Citigroup lifted their price target on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Needham & Company LLC downgraded shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Jefferies Financial Group increased their price target on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Raymond James lowered Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Mizuho increased their target price on Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Paycor HCM presently has an average rating of “Hold” and an average target price of $21.53.

Paycor HCM Price Performance

NASDAQ:PYCR opened at $22.14 on Thursday. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49. The stock has a market cap of $3.98 billion, a P/E ratio of -85.15, a PEG ratio of 4.18 and a beta of 0.53. The firm has a 50-day moving average of $20.68 and a two-hundred day moving average of $16.59.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts expect that Paycor HCM will post 0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PYCR. HighTower Advisors LLC acquired a new position in shares of Paycor HCM during the fourth quarter worth approximately $190,000. Wealthfront Advisers LLC bought a new position in shares of Paycor HCM in the fourth quarter worth $860,000. Raymond James Financial Inc. acquired a new position in shares of Paycor HCM during the fourth quarter valued at $8,216,000. Charles Schwab Investment Management Inc. raised its stake in shares of Paycor HCM by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 495,259 shares of the company’s stock valued at $9,197,000 after purchasing an additional 6,480 shares in the last quarter. Finally, Hardy Reed LLC acquired a new stake in Paycor HCM in the fourth quarter worth about $259,000. 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.