Ieq Capital LLC Raises Stock Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Ieq Capital LLC grew its holdings in Paycor HCM, Inc. (NASDAQ:PYCR) by 507.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 102,220 shares of the company’s stock after purchasing an additional 85,385 shares during the quarter. Ieq Capital LLC’s holdings in Paycor HCM were worth $1,898,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp grew its stake in shares of Paycor HCM by 7.8% in the third quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after acquiring an additional 981 shares in the last quarter. Covestor Ltd grew its stake in Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares in the last quarter. MCF Advisors LLC acquired a new position in Paycor HCM during the 4th quarter worth $27,000. Raymond James & Associates increased its holdings in Paycor HCM by 0.6% during the 3rd quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock worth $4,666,000 after purchasing an additional 1,834 shares during the period. Finally, Rhumbline Advisers raised its position in Paycor HCM by 3.3% in the 4th quarter. Rhumbline Advisers now owns 79,936 shares of the company’s stock valued at $1,484,000 after purchasing an additional 2,527 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on PYCR. Stifel Nicolaus boosted their price target on shares of Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group lifted 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. Citigroup increased their target price on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $22.50 price objective (up from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $22.50 target price (down from $24.00) on shares of Paycor HCM in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.53.

Paycor HCM Stock Performance

Paycor HCM stock opened at $22.21 on Monday. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $23.49. The stock has a fifty day moving average of $21.27 and a two-hundred day moving average of $17.34. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of -185.07, a PEG ratio of 3.84 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.28%. On average, analysts forecast that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.

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.