Paycor HCM (NASDAQ:PYCR) Downgraded by TD Cowen to Hold

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

Other analysts have also issued reports about the company. Stifel Nicolaus boosted their price target on Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Citizens Jmp cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Needham & Company LLC cut shares of 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 objective on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $22.50 target price (down previously from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. Fourteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Paycor HCM presently has an average rating of “Hold” and a consensus target price of $21.47.

Paycor HCM Stock Up 0.0 %

Shares of PYCR stock opened at $22.10 on Monday. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of -85.00, a price-to-earnings-growth ratio of 4.17 and a beta of 0.50. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $23.49. The firm has a fifty day moving average of $19.33 and a 200-day moving average of $15.72.

Institutional Investors Weigh In On Paycor HCM

A number of institutional investors have recently made changes to their positions in PYCR. Mutual Advisors LLC grew its stake in shares of Paycor HCM by 25.2% in the fourth quarter. Mutual Advisors LLC now owns 19,741 shares of the company’s stock valued at $367,000 after acquiring an additional 3,970 shares in the last quarter. MCF Advisors LLC acquired a new stake in shares of Paycor HCM in the fourth quarter valued at approximately $27,000. Octavia Wealth Advisors LLC boosted its stake in shares of Paycor HCM by 38.5% in the fourth quarter. Octavia Wealth Advisors LLC now owns 14,002 shares of the company’s stock valued at $260,000 after buying an additional 3,890 shares during the period. Diversified Trust Co acquired a new stake in Paycor HCM during the fourth quarter worth approximately $273,000. Finally, Principal Financial Group Inc. bought a new position in Paycor HCM during the 3rd quarter worth $962,000. Institutional investors own 36.76% of the company’s stock.

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.