Envestnet Asset Management Inc. Sells 916 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Envestnet Asset Management Inc. decreased its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCRGet Rating) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,964 shares of the company’s stock after selling 916 shares during the period. Envestnet Asset Management Inc.’s holdings in Paycor HCM were worth $1,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates lifted its position in Paycor HCM by 55.3% during the first 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 lifted its position in shares of Paycor HCM by 14.4% during 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 buying an additional 21,808 shares in the last quarter. US Bancorp DE grew its stake in shares of Paycor HCM by 31.1% during the 1st quarter. US Bancorp DE now owns 7,683 shares of the company’s stock valued at $224,000 after acquiring an additional 1,822 shares during the period. Citigroup Inc. increased its holdings in Paycor HCM by 1,025.1% in the 1st quarter. Citigroup Inc. now owns 163,112 shares of the company’s stock worth $4,748,000 after acquiring an additional 148,614 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings 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 worth $305,000 after acquiring an additional 4,053 shares in the last quarter. 32.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PYCR has been the subject of a number of recent analyst reports. Robert W. Baird dropped their price target on shares of Paycor HCM from $39.00 to $36.00 in a research report on Thursday, May 11th. Deutsche Bank Aktiengesellschaft decreased their price target on Paycor HCM from $28.00 to $27.00 in a report on Thursday, May 11th. Truist Financial dropped their price objective on Paycor HCM from $45.00 to $40.00 in a research note on Thursday, May 11th. William Blair began coverage on shares of Paycor HCM in a report on Tuesday, April 4th. They issued a “market perform” rating on the stock. Finally, Raymond James cut their target price on shares of Paycor HCM from $32.00 to $27.00 in a research note on Thursday, May 11th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $32.36.

Insider Buying and Selling at Paycor HCM

In other news, insider Alice L. Geene sold 1,267 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $23.92, for a total value of $30,306.64. Following the completion of the sale, the insider now directly owns 55,441 shares of the company’s stock, valued at approximately $1,326,148.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Alice L. Geene sold 1,267 shares of the stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $23.92, for a total transaction of $30,306.64. Following the sale, the insider now owns 55,441 shares in the company, valued at approximately $1,326,148.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Corr sold 1,509 shares of the firm’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $24.81, for a total value of $37,438.29. Following the completion of the sale, the director now owns 22,817 shares of the company’s stock, valued at $566,089.77. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Paycor HCM Trading Down 1.4 %

Shares of NASDAQ PYCR opened at $21.84 on Monday. Paycor HCM, Inc. has a 12-month low of $20.50 and a 12-month high of $34.95. The firm’s 50-day moving average price is $23.79 and its 200-day moving average price is $24.96. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of -42.82 and a beta of 0.43.

About Paycor HCM

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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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