Paycor HCM (NASDAQ:PYCR) Earns Underweight Rating from JPMorgan Chase & Co.

Paycor HCM (NASDAQ:PYCR)‘s stock had its “underweight” rating reaffirmed by JPMorgan Chase & Co. in a note issued to investors on Wednesday,Benzinga reports. They presently have a $22.50 price objective on the stock, up from their prior price objective of $21.00. JPMorgan Chase & Co.‘s price target suggests a potential upside of 1.44% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. JMP Securities reissued a “market outperform” rating and issued a $30.00 target price on shares of Paycor HCM in a report on Monday, January 6th. Raymond James lowered Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. Truist Financial reissued a “hold” rating and issued a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. The Goldman Sachs Group raised their target price on Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, Mizuho boosted their target price on shares of Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. 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 MarketBeat.com, Paycor HCM currently has an average rating of “Hold” and a consensus price target of $21.81.

Paycor HCM Stock Performance

NASDAQ:PYCR opened at $22.18 on Wednesday. The stock has a fifty day moving average price of $19.62 and a 200-day moving average price of $15.87. The company has a market cap of $3.98 billion, a price-to-earnings ratio of -85.31, a PEG ratio of 4.17 and a beta of 0.50. 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 have recently made changes to their positions in the company. MCF Advisors LLC purchased a new stake in shares of Paycor HCM in the fourth quarter worth $27,000. International Assets Investment Management LLC raised its position in Paycor HCM by 1,923.0% during the 3rd 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 last quarter. Blue Trust Inc. boosted its stake 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 valued at $64,000 after purchasing an additional 3,086 shares in the last quarter. Quarry LP purchased a new position in shares of Paycor HCM in the 2nd quarter valued at approximately $69,000. Finally, Covestor Ltd grew its holdings in Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares during the period. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Company Profile

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.