Paycor HCM (NASDAQ:PYCR) Stock Rating Lowered by 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.

Several other research firms have also recently weighed in on PYCR. TD Cowen cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 20th. Jefferies Financial Group lifted their price target on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Citizens Jmp downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. JMP Securities restated a “market perform” rating on shares of Paycor HCM in a research note on Thursday. Finally, Stifel Nicolaus increased their price target on Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. One investment 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.53.

Paycor HCM Stock Performance

PYCR stock opened at $22.14 on Friday. The business has a 50-day simple moving average of $20.68 and a two-hundred day simple moving average of $16.59. The company has a market capitalization of $4.02 billion, a P/E ratio of -184.48, a price-to-earnings-growth ratio of 4.20 and a beta of 0.53. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $23.49.

Paycor HCM (NASDAQ:PYCR) last announced its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.29%. As a group, sell-side analysts forecast that Paycor HCM will post 0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Paycor HCM

Institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC bought a new position in shares of Paycor HCM in the 4th quarter worth $190,000. Wealthfront Advisers LLC bought a new stake in Paycor HCM during the fourth quarter worth about $860,000. Raymond James Financial Inc. purchased a new position in shares of Paycor HCM in the 4th quarter worth about $8,216,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Paycor HCM by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 495,259 shares of the company’s stock worth $9,197,000 after purchasing an additional 6,480 shares in the last quarter. Finally, Hardy Reed LLC bought a new position in shares of Paycor HCM during the 4th quarter valued at about $259,000. 36.76% of the stock is owned by hedge funds and other institutional investors.

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.