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

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

Other analysts have also issued research reports about the company. BMO Capital Markets reaffirmed a "market perform" rating and issued a $22.50 price target (down previously from $24.00) on shares of Paycor HCM in a research note on Wednesday, January 8th. Truist Financial reaffirmed 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. Needham & Company LLC lowered Paycor HCM from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group boosted their price target on Paycor HCM from $19.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, November 26th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $21.53.

Paycor HCM Price Performance

Shares of PYCR stock traded up $0.01 during trading on Friday, reaching $22.18. The company had a trading volume of 1,591,240 shares, compared to its average volume of 3,992,223. The firm's 50 day simple moving average is $20.90 and its two-hundred day simple moving average is $16.81. Paycor HCM has a one year low of $10.92 and a one year high of $23.49. The company has a market capitalization of $4.03 billion, a PE ratio of -184.82, a PEG ratio of 4.20 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 EPS 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%. Analysts forecast that Paycor HCM will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On Paycor HCM

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. bought a new stake in shares of Paycor HCM in the 3rd quarter valued at $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Paycor HCM by 16.4% in the 3rd 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 purchasing an additional 34,336 shares during the last quarter. ING Groep NV bought a new stake in shares of Paycor HCM in the 3rd quarter valued at $4,615,000. GSA Capital Partners LLP boosted its stake in shares of Paycor HCM by 75.6% in the 3rd quarter. GSA Capital Partners LLP now owns 87,529 shares of the company's stock valued at $1,242,000 after purchasing an additional 37,691 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Paycor HCM by 1,923.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company's stock valued at $42,000 after purchasing an additional 2,846 shares during 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.