Paycor HCM (NASDAQ:PYCR) Cut to Hold at Baird R W

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

PYCR has been the subject of a number of other research reports. Truist Financial reiterated a “hold” rating and issued a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. JMP Securities reiterated a “market perform” rating on shares of Paycor HCM in a research note on Thursday. Robert W. Baird reiterated a “neutral” rating and issued a $22.50 price target (down previously from $28.00) on shares of Paycor HCM in a research note on Friday. Raymond James lowered Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Stifel Nicolaus raised 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, sixteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.53.

Paycor HCM Stock Performance

Shares of Paycor HCM stock opened at $22.14 on Friday. Paycor HCM has a one year low of $10.92 and a one year high of $23.49. The stock has a market cap of $4.02 billion, a P/E ratio of -184.48, a P/E/G ratio of 4.20 and a beta of 0.53. The stock’s fifty day moving average is $20.68 and its 200 day moving average is $16.64.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings results 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%. Analysts predict that Paycor HCM will post 0.29 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PYCR. MCF Advisors LLC purchased a new position in Paycor HCM in the fourth quarter worth about $27,000. International Assets Investment Management LLC lifted its stake 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 purchasing an additional 2,846 shares during the last quarter. Blue Trust Inc. lifted its stake in Paycor HCM by 869.3% in the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after purchasing an additional 3,086 shares during 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 worth $76,000 after purchasing an additional 1,210 shares during the last quarter. Finally, FMR LLC lifted its stake in Paycor HCM by 93.9% in the third quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after purchasing an additional 4,804 shares during the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

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.