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

Paycor HCM (NASDAQ:PYCR)‘s stock had its “neutral” rating reissued by analysts at Robert W. Baird in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $22.50 target price on the stock, down from their previous target price of $28.00. Robert W. Baird’s price objective suggests a potential upside of 1.53% from the company’s previous close.

Other research analysts also recently issued reports about the company. Stephens reiterated an “equal weight” rating and set a $22.50 target price (up from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. BMO Capital Markets restated a “market perform” rating and issued a $22.50 price target (down from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $22.50 price target (up from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Raymond James downgraded Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group raised their price target 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 research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.53.

Paycor HCM Price Performance

Shares of PYCR opened at $22.16 on Friday. The firm has a market cap of $3.98 billion, a P/E ratio of -85.23, a price-to-earnings-growth ratio of 4.18 and a beta of 0.53. Paycor HCM has a 1 year low of $10.92 and a 1 year high of $23.49. The company has a 50 day simple moving average of $20.60 and a two-hundred day simple moving average of $16.52.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results 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 6.72% and a positive return on equity of 3.41%. On average, sell-side analysts anticipate that Paycor HCM will post 0.29 earnings per share for the current year.

Hedge Funds Weigh In On Paycor HCM

Several institutional investors have recently made changes to their positions in PYCR. MCF Advisors LLC purchased a new position in shares of Paycor HCM during the fourth quarter valued at $27,000. International Assets Investment Management LLC increased its stake in shares of 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 valued at $42,000 after buying an additional 2,846 shares during the period. Blue Trust Inc. grew its stake in 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 purchasing an additional 3,086 shares during the last quarter. Covestor Ltd grew its stake in Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after purchasing an additional 1,210 shares during the last quarter. Finally, FMR LLC grew its stake in Paycor HCM by 93.9% in the third quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after purchasing an additional 4,804 shares during the last quarter. Hedge funds and other 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.