TD Cowen Downgrades Paycor HCM (NASDAQ:PYCR) to Hold

Paycor HCM (NASDAQ:PYCR) was downgraded by stock analysts at TD Cowen from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

PYCR has been the subject of several other reports. The Goldman Sachs Group increased their price objective on Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Citizens Jmp downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 9th. BMO Capital Markets reissued a “market perform” rating and issued a $22.50 price objective (down from $24.00) on shares of Paycor HCM in a report on Wednesday, January 8th. Jefferies Financial Group increased their price objective on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, Stephens reissued an “equal weight” rating and issued a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. Fourteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Paycor HCM presently has a consensus rating of “Hold” and an average target price of $21.47.

Paycor HCM Stock Performance

PYCR stock opened at $22.12 on Monday. The company’s 50 day moving average price is $19.42 and its 200 day moving average price is $15.78. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $23.49. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of -85.08, a PEG ratio of 4.17 and a beta of 0.50.

Institutional Investors Weigh In On Paycor HCM

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Archford Capital Strategies LLC lifted its holdings in Paycor HCM by 19.6% in the fourth quarter. Archford Capital Strategies LLC now owns 60,525 shares of the company’s stock valued at $1,124,000 after acquiring an additional 9,921 shares during the period. Fifth Third Bancorp increased its position in shares of Paycor HCM by 57.3% in the fourth quarter. Fifth Third Bancorp now owns 476,874 shares of the company’s stock valued at $8,856,000 after buying an additional 173,752 shares in the last quarter. Mutual Advisors LLC increased its position in shares of Paycor HCM by 25.2% in the fourth quarter. Mutual Advisors LLC now owns 19,741 shares of the company’s stock valued at $367,000 after buying an additional 3,970 shares in the last quarter. MCF Advisors LLC purchased a new position in shares of Paycor HCM in the fourth quarter valued at $27,000. Finally, Octavia Wealth Advisors LLC increased its position in shares of Paycor HCM by 38.5% in the fourth quarter. Octavia Wealth Advisors LLC now owns 14,002 shares of the company’s stock valued at $260,000 after buying an additional 3,890 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

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.