Paycor HCM (NASDAQ:PYCR) Stock Rating Lowered by Raymond James

Paycor HCM (NASDAQ:PYCR) was downgraded by equities researchers at Raymond James from a “moderate buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on PYCR. The Goldman Sachs Group upped 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. Jefferies Financial Group upped their target price 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. Citigroup increased their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Mizuho boosted their price target on shares of Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Finally, TD Cowen upgraded shares of Paycor HCM from a “hold” rating to a “buy” rating and upped their price target for the company from $18.00 to $22.00 in a report on Monday, December 2nd. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.91.

Paycor HCM Trading Down 0.1 %

NASDAQ PYCR opened at $22.09 on Monday. Paycor HCM has a 12 month low of $10.92 and a 12 month high of $23.49. The stock has a 50-day simple moving average of $18.93 and a 200 day simple moving average of $15.46. The company has a market capitalization of $3.97 billion, a PE ratio of -84.96, a P/E/G ratio of 4.79 and a beta of 0.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its position in Paycor HCM by 1,923.0% during 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 period. Quarry LP acquired a new position in shares of Paycor HCM in the second quarter valued at approximately $69,000. Covestor Ltd increased its stake in shares of Paycor HCM by 29.4% during 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 period. FMR LLC lifted its holdings in Paycor HCM by 93.9% during the 3rd 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. Finally, Octavia Wealth Advisors LLC bought a new stake in Paycor HCM in the 3rd quarter valued at $143,000. 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.