Paycor HCM (NASDAQ:PYCR) Receives “Neutral” Rating from Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of Paycor HCM (NASDAQ:PYCR) in a report published on Friday morning, Marketbeat Ratings reports. Robert W. Baird currently has a $22.50 price target on the stock, down from their previous price target of $28.00.

A number of other research analysts have also recently commented on the stock. Truist Financial restated a “hold” rating and set a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. BMO Capital Markets reissued a “market perform” rating and set a $22.50 price objective (down previously from $24.00) on shares of Paycor HCM in a report on Wednesday, January 8th. Mizuho lifted their target price on Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Needham & Company LLC lowered Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group lifted their price objective on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.53.

Paycor HCM Stock Performance

NASDAQ PYCR opened at $22.14 on Friday. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $23.49. The stock has a market capitalization of $4.02 billion, a PE ratio of -184.48, a P/E/G ratio of 4.20 and a beta of 0.53. The stock has a 50-day simple moving average of $20.68 and a 200 day simple moving average of $16.59.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.29%. As a group, equities research analysts forecast that Paycor HCM will post 0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Paycor HCM

Large investors have recently modified their holdings of the business. MCF Advisors LLC acquired a new position in shares of Paycor HCM in the 4th quarter valued at approximately $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 valued at $42,000 after buying an additional 2,846 shares during the period. Blue Trust Inc. boosted its holdings in shares of Paycor HCM by 869.3% in the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $64,000 after buying an additional 3,086 shares during the period. 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 worth $76,000 after acquiring an additional 1,210 shares during the period. Finally, FMR LLC lifted its position 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 acquiring an additional 4,804 shares in the last quarter. 36.76% of the stock is currently 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.