US Bancorp DE Has $499,000 Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

US Bancorp DE boosted its position in shares of Paycor HCM, Inc. (NASDAQ:PYCRGet Rating) by 18.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 16,882 shares of the company’s stock after purchasing an additional 2,616 shares during the period. US Bancorp DE’s holdings in Paycor HCM were worth $499,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Raymond James & Associates boosted its stake in shares of Paycor HCM by 55.3% in the 1st quarter. Raymond James & Associates now owns 36,562 shares of the company’s stock valued at $1,064,000 after purchasing an additional 13,021 shares in the last quarter. Bank of New York Mellon Corp grew its position in Paycor HCM by 14.4% in the 1st quarter. Bank of New York Mellon Corp now owns 173,629 shares of the company’s stock valued at $5,055,000 after purchasing an additional 21,808 shares during the period. Citigroup Inc. grew its position in Paycor HCM by 1,025.1% in the 1st quarter. Citigroup Inc. now owns 163,112 shares of the company’s stock valued at $4,748,000 after purchasing an additional 148,614 shares during the period. PNC Financial Services Group Inc. grew its position in Paycor HCM by 63.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,435 shares of the company’s stock valued at $305,000 after purchasing an additional 4,053 shares during the period. Finally, Natixis Advisors L.P. acquired a new stake in Paycor HCM in the 1st quarter valued at $383,000. 32.26% of the stock is currently owned by institutional investors and hedge funds.

Paycor HCM Trading Up 1.7 %

NASDAQ PYCR opened at $23.66 on Monday. Paycor HCM, Inc. has a 12 month low of $20.14 and a 12 month high of $34.95. The stock has a market cap of $4.16 billion, a P/E ratio of -42.25 and a beta of 0.43. The stock’s fifty day moving average price is $25.69 and its 200-day moving average price is $27.84.

Paycor HCM (NASDAQ:PYCRGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $118.30 million for the quarter, compared to analysts’ expectations of $113.37 million. Paycor HCM had a negative return on equity of 0.78% and a negative net margin of 20.89%. As a group, analysts forecast that Paycor HCM, Inc. will post -0.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of Paycor HCM from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, November 3rd. Moffett Nathanson started coverage on Paycor HCM in a research note on Monday, January 9th. They issued a “market perform” rating and a $28.00 price objective on the stock. Five research 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 presently has a consensus rating of “Hold” and a consensus price target of $34.08.

Insider Transactions at Paycor HCM

In related news, major shareholder Pride Gp, Inc. sold 6,000,000 shares of Paycor HCM stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $28.45, for a total transaction of $170,700,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Scott David Miller bought 2,700 shares of the company’s stock in a transaction dated Tuesday, December 6th. The stock was purchased at an average price 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Pride Gp, Inc. sold 6,000,000 shares of the business’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $28.45, for a total value of $170,700,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Paycor HCM Company 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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