Paycor HCM, Inc. (NASDAQ:PYCR) Stake Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCRGet Rating) by 39.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,462 shares of the company’s stock after buying an additional 18,373 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Paycor HCM were worth $1,702,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PYCR. Truist Financial Corp grew its stake in Paycor HCM by 2.1% during the 1st quarter. Truist Financial Corp now owns 22,710 shares of the company’s stock worth $661,000 after buying an additional 474 shares during the last quarter. New York State Common Retirement Fund grew its stake in Paycor HCM by 35.5% during the 1st quarter. New York State Common Retirement Fund now owns 226,844 shares of the company’s stock worth $6,603,000 after buying an additional 59,403 shares during the last quarter. BDO Wealth Advisors LLC bought a new position in Paycor HCM during the 1st quarter worth $29,000. Lindenwold Advisors bought a new position in Paycor HCM during the 1st quarter worth $208,000. Finally, Principal Financial Group Inc. boosted its position in Paycor HCM by 72.6% during the 1st quarter. Principal Financial Group Inc. now owns 53,239 shares of the company’s stock worth $1,550,000 after acquiring an additional 22,388 shares during the period. 30.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PYCR shares. BMO Capital Markets boosted their price target on Paycor HCM from $26.00 to $33.00 and gave the stock a “market perform” rating in a research report on Thursday, August 25th. JMP Securities boosted their price target on Paycor HCM from $39.00 to $42.00 in a research report on Wednesday, August 24th. Robert W. Baird boosted their price target on Paycor HCM from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 24th. Deutsche Bank Aktiengesellschaft boosted their price target on Paycor HCM from $30.00 to $36.00 in a research report on Wednesday, August 24th. Finally, Raymond James boosted their price target on Paycor HCM from $30.00 to $36.00 in a research report on Wednesday, August 24th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.58.

Insider Activity

In other news, major shareholder Pride Gp, Inc. sold 5,000,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $27.12, for a total transaction of $135,600,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jonathan Corr sold 1,508 shares of the company’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $31.80, for a total transaction of $47,954.40. Following the transaction, the director now directly owns 25,834 shares of the company’s stock, valued at $821,521.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Pride Gp, Inc. sold 5,000,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $27.12, for a total value of $135,600,000.00. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by company insiders.

Paycor HCM Stock Up 1.5 %

Shares of NASDAQ PYCR opened at $26.72 on Friday. Paycor HCM, Inc. has a 12 month low of $20.14 and a 12 month high of $34.95. The company has a market cap of $4.70 billion, a price-to-earnings ratio of -47.71 and a beta of 0.39. The business has a fifty day simple moving average of $29.17 and a 200-day simple moving average of $27.49.

Paycor HCM (NASDAQ:PYCRGet Rating) last announced its earnings results on Tuesday, August 23rd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. Paycor HCM had a negative return on equity of 0.78% and a negative net margin of 20.89%. The business had revenue of $110.99 million during the quarter, compared to the consensus estimate of $103.49 million. During the same period in the prior year, the business posted $0.01 earnings per share.

Paycor HCM Company Profile

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Paycor HCM, Inc, through 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. The company's SaaS based people management products include Cor HCM, a complete suite of HCM tools spanning HR, onboarding, payroll, compensation management, employee surveys, expenses, and reporting and analytics; Workforce Management, a solution with flexible time entry, overtime calculations, and scheduling capabilities with real-time payroll synchronization; Benefits Administration, a decision support solution to help leaders to streamline and optimize company's benefits administration; and Talent Management, an integrated compensation and performance management solution.

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Institutional Ownership by Quarter for Paycor HCM (NASDAQ:PYCR)

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