<p>The present invention is premised upon an improved pierce nut installation device (10) for use between a top (50) and a bottom (60) plate of a press (40) or die tool. The device is used for installing pierce nuts (20) onto a panel (30) for receiving the pierce nuts (20) (with or without a pre-punched hole). The device (10) at least includes an installation punch (70) with a top punch portion (72) and a bottom punch portion (74), wherein the top punch portion (72) is connected to the top plate (50) of the press (40) or die tool and a base assembly (80) with a top base portion (90) and a bottom base portion (110).</p>