Paycor HCM (NASDAQ:PYCR) Price Target Cut to $17.00 by Analysts at JPMorgan Chase & Co.

Paycor HCM (NASDAQ:PYCR) had its price target trimmed by JPMorgan Chase & Co. from $19.00 to $17.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

PYCR has been the topic of several other reports. The Goldman Sachs Group lowered their price target on shares of Paycor HCM from $22.00 to $19.00 and set a neutral rating on the stock in a research report on Monday, May 13th. BMO Capital Markets reissued a market perform rating and set a $20.00 price target on shares of Paycor HCM in a research report on Tuesday, June 11th. BTIG Research reduced their price objective on Paycor HCM from $26.00 to $20.00 and set a buy rating on the stock in a research report on Thursday. Truist Financial dropped their price objective on Paycor HCM from $33.00 to $20.00 and set a buy rating for the company in a research report on Tuesday, August 13th. Finally, Citigroup cut their target price on shares of Paycor HCM from $17.00 to $14.00 and set a neutral rating for the company in a research note on Tuesday, June 18th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $19.27.

Paycor HCM Stock Up 0.7 %

Paycor HCM stock opened at $13.92 on Thursday. The firm has a market capitalization of $2.48 billion, a PE ratio of -33.95, a P/E/G ratio of 2.42 and a beta of 0.41. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $25.48. The firm’s 50-day simple moving average is $12.43 and its 200 day simple moving average is $15.88.

Institutional Trading of Paycor HCM

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Conestoga Capital Advisors LLC lifted its stake in shares of Paycor HCM by 38.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 6,657,141 shares of the company’s stock valued at $129,415,000 after purchasing an additional 1,864,020 shares in the last quarter. Vanguard Group Inc. lifted its position in Paycor HCM by 11.5% during the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock valued at $133,844,000 after buying an additional 710,370 shares in the last quarter. Norges Bank purchased a new stake in Paycor HCM during the fourth quarter worth approximately $15,054,000. Clearbridge Investments LLC raised its stake in shares of Paycor HCM by 9.6% in the 4th quarter. Clearbridge Investments LLC now owns 6,228,404 shares of the company’s stock valued at $134,471,000 after acquiring an additional 545,984 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Paycor HCM by 54.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,201,807 shares of the company’s stock valued at $25,948,000 after acquiring an additional 422,785 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.

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.