Truist Financial Corp Grows Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Truist Financial Corp boosted its stake in Paycor HCM, Inc. (NASDAQ:PYCRGet Rating) by 9.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 30,499 shares of the company’s stock after buying an additional 2,746 shares during the quarter. Truist Financial Corp’s holdings in Paycor HCM were worth $902,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Riverbridge Partners LLC grew its stake in Paycor HCM by 40.4% in the 3rd quarter. Riverbridge Partners LLC now owns 1,380,332 shares of the company’s stock valued at $40,803,000 after purchasing an additional 397,176 shares during the period. Raymond James & Associates grew its stake in Paycor HCM by 284.3% in the 3rd quarter. Raymond James & Associates now owns 138,811 shares of the company’s stock valued at $4,103,000 after purchasing an additional 102,692 shares during the period. Conestoga Capital Advisors LLC grew its stake in Paycor HCM by 8.2% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 4,369,652 shares of the company’s stock valued at $129,167,000 after purchasing an additional 329,620 shares during the period. Granite Investment Partners LLC grew its stake in Paycor HCM by 32.7% in the 3rd quarter. Granite Investment Partners LLC now owns 954,574 shares of the company’s stock valued at $28,217,000 after purchasing an additional 235,441 shares during the period. Finally, Oak Thistle LLC bought a new position in Paycor HCM in the 3rd quarter valued at $241,000. 32.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $23.68, for a total value of $35,709.44. Following the completion of the transaction, the director now owns 24,326 shares in the company, valued at approximately $576,039.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $23.68, for a total value of $35,709.44. Following the sale, the director now owns 24,326 shares of the company’s stock, valued at approximately $576,039.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Scott David Miller purchased 2,700 shares of the stock in a transaction on Tuesday, December 6th. The stock was acquired at an average cost of $25.47 per share, for a total transaction of $68,769.00. Following the acquisition, the director now owns 179,437 shares in the company, valued at $4,570,260.39. The disclosure for this purchase can be found here. 0.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PYCR. Moffett Nathanson began coverage on Paycor HCM in a research note on Monday, January 9th. They issued a “market perform” rating and a $28.00 price objective for the company. The Goldman Sachs Group reduced their price objective on Paycor HCM from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, November 3rd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Paycor HCM presently has an average rating of “Hold” and an average price target of $34.08.

Paycor HCM Stock Performance

PYCR stock opened at $23.66 on Friday. Paycor HCM, Inc. has a fifty-two week low of $20.14 and a fifty-two week high of $34.95. The stock has a fifty day moving average of $25.69 and a 200-day moving average of $27.83. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of -42.25 and a beta of 0.43.

Paycor HCM (NASDAQ:PYCRGet Rating) last issued its earnings results on Wednesday, November 2nd. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) 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 $118.30 million during the quarter, compared to the consensus estimate of $113.37 million. Equities analysts predict that Paycor HCM, Inc. will post -0.02 EPS for the current year.

Paycor HCM Profile

(Get Rating)

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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