Wealthfront Advisers LLC Makes New $860,000 Investment in Paycor HCM, Inc. (NASDAQ:PYCR)

Wealthfront Advisers LLC purchased a new position in Paycor HCM, Inc. (NASDAQ:PYCR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 46,337 shares of the company’s stock, valued at approximately $860,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PYCR. Stifel Financial Corp raised its holdings in shares of Paycor HCM by 7.8% during the third quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after purchasing an additional 981 shares during the last quarter. MCF Advisors LLC purchased a new position in shares of Paycor HCM during the fourth quarter worth $27,000. Rhumbline Advisers raised its holdings in shares of Paycor HCM by 3.3% during the fourth quarter. Rhumbline Advisers now owns 79,936 shares of the company’s stock worth $1,484,000 after purchasing an additional 2,527 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Paycor HCM by 869.3% during the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after purchasing an additional 3,086 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Paycor HCM by 25.0% during the fourth quarter. Handelsbanken Fonder AB now owns 19,000 shares of the company’s stock worth $353,000 after purchasing an additional 3,800 shares during the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Stock Up 0.1 %

Shares of NASDAQ PYCR opened at $22.37 on Friday. The company’s 50-day simple moving average is $22.21 and its 200-day simple moving average is $18.24. Paycor HCM, Inc. has a 52-week low of $10.92 and a 52-week high of $23.49. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of -186.40, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PYCR. Stifel Nicolaus raised their target price 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. Stephens reissued an “equal weight” rating and set a $22.50 target price (up previously from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. Citizens Jmp lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. Needham & Company LLC lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, JMP Securities restated a “market perform” rating on shares of Paycor HCM in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.53.

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.