Paycor HCM (NASDAQ:PYCR) Lowered to Hold Rating by Baird R W

Baird R W cut shares of Paycor HCM (NASDAQ:PYCR) from a strong-buy rating to a hold rating in a report released on Friday morning,Zacks.com reports.

A number of other brokerages have also recently commented on PYCR. Stifel Nicolaus increased their price target on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird reiterated a “neutral” rating and issued a $22.50 price objective (down from $28.00) on shares of Paycor HCM in a report on Friday. The Goldman Sachs Group increased their price objective on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Stephens reiterated an “equal weight” rating and issued a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. Finally, Jefferies Financial Group boosted their price target on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Paycor HCM currently has a consensus rating of “Hold” and an average target price of $21.53.

Paycor HCM Stock Performance

PYCR opened at $22.14 on Friday. The business’s 50-day simple moving average is $20.68 and its 200 day simple moving average is $16.59. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $23.49. The firm has a market capitalization of $4.02 billion, a PE ratio of -184.48, a PEG ratio of 4.20 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.29% and a negative net margin of 3.06%. On average, research analysts forecast that Paycor HCM will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On Paycor HCM

Several hedge funds have recently added to or reduced their stakes in the business. MCF Advisors LLC acquired a new position in shares of Paycor HCM during the fourth quarter worth $27,000. International Assets Investment Management LLC increased its position in shares of Paycor HCM by 1,923.0% during 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 during the period. Blue Trust Inc. raised its position in shares of Paycor HCM by 869.3% in the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after acquiring an additional 3,086 shares in the last quarter. Covestor Ltd lifted its stake in Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after buying an additional 1,210 shares during the period. Finally, FMR LLC boosted its holdings in shares of Paycor HCM by 93.9% during the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after buying an additional 4,804 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.