Riverbridge Partners LLC Trims Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Riverbridge Partners LLC reduced its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,252,299 shares of the company’s stock after selling 213,962 shares during the quarter. Riverbridge Partners LLC’s holdings in Paycor HCM were worth $41,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in PYCR. MCF Advisors LLC bought a new position in shares of Paycor HCM during the fourth quarter worth $27,000. Octavia Wealth Advisors LLC lifted its stake in Paycor HCM by 38.5% in the 4th quarter. Octavia Wealth Advisors LLC now owns 14,002 shares of the company’s stock worth $260,000 after purchasing an additional 3,890 shares in the last quarter. Diversified Trust Co bought a new position in shares of Paycor HCM during the 4th quarter valued at about $273,000. Principal Financial Group Inc. purchased a new position in shares of Paycor HCM during the third quarter valued at about $962,000. Finally, Franklin Resources Inc. increased its holdings in shares of Paycor HCM by 2.7% in the third quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock worth $23,220,000 after purchasing an additional 46,127 shares during the last quarter. 36.76% of the stock is owned by hedge funds and other institutional investors.

Paycor HCM Stock Performance

NASDAQ PYCR opened at $22.10 on Thursday. The company has a market cap of $3.97 billion, a PE ratio of -85.00, a P/E/G ratio of 4.17 and a beta of 0.50. Paycor HCM, Inc. has a 52-week low of $10.92 and a 52-week high of $23.49. The firm’s 50 day moving average price is $19.51 and its 200-day moving average price is $15.83.

Wall Street Analysts Forecast Growth

PYCR has been the subject of a number of research reports. Truist Financial reissued a “hold” rating and set a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. Citizens Jmp downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Jefferies Financial Group lifted their price objective on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Raymond James downgraded shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $22.50 target price (down previously from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.81.

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.