Paycor HCM (NASDAQ:PYCR) Downgraded by Raymond James to “Hold”

Raymond James downgraded shares of Paycor HCM (NASDAQ:PYCR) from a moderate buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

PYCR has been the subject of several other reports. The Goldman Sachs Group increased their price target on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Mizuho boosted 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. Citigroup increased their price target 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. Stifel Nicolaus lifted their price objective on Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Needham & Company LLC downgraded Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.91.

Paycor HCM Stock Down 0.1 %

Shares of PYCR stock opened at $22.09 on Monday. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $23.49. The stock’s 50-day moving average price is $18.93 and its 200 day moving average price is $15.46. The stock has a market capitalization of $3.97 billion, a PE ratio of -84.96, a price-to-earnings-growth ratio of 4.79 and a beta of 0.50.

Hedge Funds Weigh In On Paycor HCM

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC raised its position 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 last quarter. Quarry LP acquired a new stake in Paycor HCM during the second quarter worth approximately $69,000. Covestor Ltd grew its stake in 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. FMR LLC raised its holdings 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 during the last quarter. Finally, Octavia Wealth Advisors LLC purchased a new position in shares of Paycor HCM during the 3rd quarter worth $143,000. 36.76% of the stock is owned by institutional investors and hedge funds.

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.