Paycor HCM, Inc. (NASDAQ:PYCR) Shares Sold by Trust Point Inc.

Trust Point Inc. decreased its holdings in Paycor HCM, Inc. (NASDAQ:PYCR) by 60.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,637 shares of the company’s stock after selling 31,667 shares during the quarter. Trust Point Inc.’s holdings in Paycor HCM were worth $383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PYCR. AQR Capital Management LLC purchased a new position in Paycor HCM during the 2nd quarter worth approximately $192,000. The Manufacturers Life Insurance Company grew its position in Paycor HCM by 10.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,514 shares of the company’s stock worth $261,000 after purchasing an additional 1,964 shares in the last quarter. CWM LLC grew its position in Paycor HCM by 450.7% during the 3rd quarter. CWM LLC now owns 13,135 shares of the company’s stock worth $186,000 after purchasing an additional 10,750 shares in the last quarter. Wedmont Private Capital purchased a new position in Paycor HCM during the 3rd quarter worth approximately $166,000. Finally, Octavia Wealth Advisors LLC purchased a new position in Paycor HCM during the 3rd quarter worth approximately $143,000. 36.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PYCR. Stifel Nicolaus lifted their price objective on shares of Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. JMP Securities restated a “market outperform” rating and set a $30.00 price target on shares of Paycor HCM in a report on Monday, January 6th. Jefferies Financial Group boosted their price target on shares of Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Mizuho boosted their price target on shares of Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Finally, Raymond James cut shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.81.

Paycor HCM Trading Up 0.0 %

PYCR stock opened at $22.14 on Thursday. The firm has a market cap of $3.98 billion, a PE ratio of -85.15, a PEG ratio of 4.18 and a beta of 0.53. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $23.49. The company has a fifty day simple moving average of $20.52 and a 200 day simple moving average of $16.49.

Paycor HCM (NASDAQ:PYCR) last released its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 3.41% and a negative net margin of 6.72%. As a group, analysts forecast that Paycor HCM, Inc. will post 0.29 EPS for the current fiscal year.

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.