Paycor HCM (NASDAQ:PYCR) Stock Rating Lowered by TD Cowen

TD Cowen cut shares of Paycor HCM (NASDAQ:PYCR - Free Report) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

PYCR has been the topic of several other research reports. Stephens reiterated 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. Citizens Jmp cut Paycor HCM from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 9th. JMP Securities restated a "market outperform" rating and issued a $30.00 price target on shares of Paycor HCM in a research note on Monday, January 6th. Jefferies Financial Group increased their price objective on shares of Paycor HCM from $13.00 to $15.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Finally, Citigroup boosted their target price on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Fourteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Paycor HCM currently has an average rating of "Hold" and a consensus target price of $21.47.

Paycor HCM Stock Performance

Paycor HCM stock traded up $0.02 during trading on Monday, reaching $22.12. The company had a trading volume of 1,690,191 shares, compared to its average volume of 6,241,516. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $23.49. The stock's 50 day moving average price is $19.33 and its two-hundred day moving average price is $15.72. 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.

Hedge Funds Weigh In On Paycor HCM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PYCR. MCF Advisors LLC purchased a new stake in shares of Paycor HCM during the fourth quarter valued at $27,000. International Assets Investment Management LLC boosted its holdings in shares of 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 buying an additional 2,846 shares during the period. Quarry LP purchased a new position in shares of Paycor HCM in the second quarter worth approximately $69,000. Covestor Ltd raised its holdings in shares of Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company's stock valued at $76,000 after acquiring an additional 1,210 shares during the period. Finally, FMR LLC lifted its position in shares of Paycor HCM by 93.9% in the 3rd quarter. FMR LLC now owns 9,918 shares of the company's stock valued at $141,000 after acquiring an additional 4,804 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.