JPMorgan Chase & Co. Sells 1,328,403 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

JPMorgan Chase & Co. lessened its holdings in Paycor HCM, Inc. (NASDAQ:PYCR) by 94.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 84,536 shares of the company’s stock after selling 1,328,403 shares during the period. JPMorgan Chase & Co.’s holdings in Paycor HCM were worth $1,200,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PYCR. Stifel Financial Corp raised its position in Paycor HCM by 7.8% in the third quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after acquiring an additional 981 shares during the period. Covestor Ltd lifted its position in Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after purchasing an additional 1,210 shares in the last quarter. Raymond James & Associates lifted its position in Paycor HCM by 0.6% during the third quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock valued at $4,666,000 after purchasing an additional 1,834 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Paycor HCM by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 20,514 shares of the company’s stock valued at $261,000 after purchasing an additional 1,964 shares during the period. Finally, International Assets Investment Management LLC increased its position in Paycor HCM by 1,923.0% in the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after buying an additional 2,846 shares in the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PYCR shares. Needham & Company LLC downgraded Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Jefferies Financial Group upped 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. The Goldman Sachs Group raised their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Citigroup increased their price target on Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, Stifel Nicolaus boosted their price objective on Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.81.

Paycor HCM Price Performance

Shares of PYCR stock opened at $22.22 on Friday. The company has a market cap of $3.99 billion, a PE ratio of -85.46, a price-to-earnings-growth ratio of 4.17 and a beta of 0.50. The stock’s 50 day simple moving average is $19.73 and its two-hundred day simple moving average is $15.93. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $23.49.

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.