Paycor HCM (NASDAQ:PYCR – Get Free Report)‘s stock had its “underweight” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $22.50 price target on the stock, up from their previous price target of $21.00. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 1.72% from the stock’s current price.
Several other equities research analysts have also weighed in on the company. TD Cowen lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Monday. Stifel Nicolaus upped their price target on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Citizens Jmp cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. The Goldman Sachs Group upped their price target on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, Stephens restated an “equal weight” rating and issued a $22.50 price objective (up previously from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $21.81.
Get Our Latest Stock Analysis on Paycor HCM
Paycor HCM Stock Performance
Institutional Investors Weigh In On Paycor HCM
Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in Paycor HCM by 15.8% in the second quarter. Envestnet Asset Management Inc. now owns 339,041 shares of the company’s stock valued at $4,306,000 after acquiring an additional 46,262 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Paycor HCM by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock valued at $21,140,000 after purchasing an additional 192,633 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Paycor HCM during the second quarter worth approximately $222,000. Bank of Montreal Can raised its stake in shares of Paycor HCM by 144.9% during the second quarter. Bank of Montreal Can now owns 84,797 shares of the company’s stock worth $1,079,000 after buying an additional 50,165 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in Paycor HCM by 1,234.9% in the second quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock valued at $4,712,000 after acquiring an additional 343,194 shares during the last quarter. 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.
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