Wrapmanager Inc. Has $259,000 Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Wrapmanager Inc. lessened its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,286 shares of the company’s stock after selling 622 shares during the period. Wrapmanager Inc.’s holdings in Paycor HCM were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Prevail Innovative Wealth Advisors LLC boosted its stake in Paycor HCM by 434.5% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company’s stock valued at $1,511,000 after buying an additional 96,736 shares in the last quarter. Comerica Bank boosted its stake in shares of Paycor HCM by 40.8% in the 1st quarter. Comerica Bank now owns 487,747 shares of the company’s stock valued at $9,482,000 after purchasing an additional 141,391 shares in the last quarter. Swiss National Bank grew its holdings in shares of Paycor HCM by 14.8% during the 1st quarter. Swiss National Bank now owns 140,200 shares of the company’s stock valued at $2,725,000 after purchasing an additional 18,100 shares during the last quarter. ING Groep NV acquired a new position in Paycor HCM during the 3rd quarter worth approximately $4,615,000. Finally, Point72 Asset Management L.P. acquired a new position in Paycor HCM during the 2nd quarter worth approximately $560,000. Institutional investors and hedge funds own 36.76% of the company’s stock.

Insider Activity

In other news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the transaction, the director now owns 21,218 shares in the company, valued at $297,476.36. The trade was a 14.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PYCR. Stephens assumed coverage on shares of Paycor HCM in a report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price target for the company. BMO Capital Markets lifted their price target on Paycor HCM from $15.00 to $19.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. TD Cowen upped their price objective on Paycor HCM from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Truist Financial cut their target price on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.06.

Paycor HCM Price Performance

PYCR opened at $16.16 on Wednesday. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $22.65. The firm has a market capitalization of $2.90 billion, a PE ratio of -62.15, a P/E/G ratio of 4.02 and a beta of 0.42. The company’s 50-day moving average is $14.69 and its 200 day moving average is $13.68.

Paycor HCM Company Profile

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.