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

Paycor HCM (NASDAQ:PYCR) was downgraded by equities researchers at Baird R W from a “strong-buy” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Citigroup raised their price objective on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Raymond James lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. Citizens Jmp lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. Mizuho lifted their target price on Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus upped their price target on Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.53.

Paycor HCM Price Performance

Paycor HCM stock opened at $22.14 on Friday. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of -184.48, a P/E/G ratio of 4.20 and a beta of 0.53. The firm has a fifty day moving average price of $20.68 and a two-hundred day moving average price of $16.59. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $23.49.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts expect that Paycor HCM will post 0.29 earnings per share for the current year.

Institutional Trading of Paycor HCM

Several large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new stake in Paycor HCM during the 3rd quarter valued at $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Paycor HCM by 16.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company’s stock valued at $3,450,000 after buying an additional 34,336 shares in the last quarter. ING Groep NV bought a new position in shares of Paycor HCM in the third quarter valued at about $4,615,000. GSA Capital Partners LLP lifted its position in Paycor HCM by 75.6% during the 3rd quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock worth $1,242,000 after buying an additional 37,691 shares in the last quarter. Finally, International Assets Investment Management LLC lifted 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 worth $42,000 after buying an additional 2,846 shares in the last quarter. 36.76% of the stock is owned by institutional investors.

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.