Paycor HCM (NASDAQ:PYCR) Rating Lowered to Hold at TD Cowen

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

PYCR has been the topic of a number of other research reports. BMO Capital Markets reiterated a “market perform” rating and set a $22.50 target price (down previously from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. Citizens Jmp cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Raymond James downgraded Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Monday, January 13th. The Goldman Sachs Group lifted their target price on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Finally, Mizuho increased their price target on shares of Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Fourteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.47.

Paycor HCM Stock Up 0.0 %

PYCR stock opened at $22.10 on Monday. The business has a 50 day moving average price of $19.33 and a 200 day moving average price of $15.72. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of -85.00, a PEG ratio of 4.17 and a beta of 0.50. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $23.49.

Institutional Trading of Paycor HCM

Several hedge funds have recently modified their holdings of the business. MCF Advisors LLC acquired a new stake in shares of Paycor HCM in the fourth quarter valued at about $27,000. International Assets Investment Management LLC lifted its position in shares of Paycor HCM by 1,923.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after acquiring an additional 2,846 shares during the period. Quarry LP purchased a new stake in shares of Paycor HCM during the 2nd quarter worth approximately $69,000. Covestor Ltd grew its holdings in shares of Paycor HCM by 29.4% in the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after acquiring an additional 1,210 shares during the period. Finally, FMR LLC increased its stake in 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 purchasing an additional 4,804 shares in the last quarter. 36.76% of the stock is owned by institutional investors and hedge funds.

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.