Treasurer of the State of North Carolina Has $582,000 Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Treasurer of the State of North Carolina increased its holdings in Paycor HCM, Inc. (NASDAQ:PYCR – Get Rating) by 17.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 23,767 shares of the company’s stock after buying an additional 3,530 shares during the period. Treasurer of the State of North Carolina’s holdings in Paycor HCM were worth $582,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PYCR. Arizona State Retirement System raised its stake in Paycor HCM by 4.3% in the fourth quarter. Arizona State Retirement System now owns 9,912 shares of the company’s stock valued at $243,000 after purchasing an additional 406 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Paycor HCM by 3.6% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 20,074 shares of the company’s stock valued at $593,000 after buying an additional 699 shares during the period. Signaturefd LLC increased its holdings in Paycor HCM by 46.4% in the 4th quarter. Signaturefd LLC now owns 2,562 shares of the company’s stock valued at $63,000 after buying an additional 812 shares during the period. Commerce Bank increased its holdings in Paycor HCM by 6.3% in the 3rd quarter. Commerce Bank now owns 13,956 shares of the company’s stock valued at $412,000 after buying an additional 831 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its holdings in Paycor HCM by 17.2% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 9,130 shares of the company’s stock valued at $223,000 after buying an additional 1,340 shares during the period. 32.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 price target on shares of Paycor HCM in a research note on Thursday, March 2nd. William Blair assumed coverage on Paycor HCM in a research note on Tuesday, April 4th. They issued a “market perform” rating on the stock. Credit Suisse Group decreased their price target on Paycor HCM from $35.00 to $30.00 in a research note on Thursday, May 11th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Paycor HCM from $28.00 to $27.00 in a report on Thursday, May 11th. Finally, Raymond James decreased their price target on shares of Paycor HCM from $32.00 to $27.00 in a report on Thursday, May 11th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $32.36.

Insider Buying and Selling at Paycor HCM

In other news, Director Jonathan Corr sold 1,509 shares of the company’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $24.81, for a total value of $37,438.29. Following the sale, the director now directly owns 22,817 shares of the company’s stock, valued at approximately $566,089.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Jonathan Corr sold 1,509 shares of the company’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $24.81, for a total transaction of $37,438.29. Following the sale, the director now owns 22,817 shares in the company, valued at approximately $566,089.77. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alice L. Geene sold 1,267 shares of the company’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $23.92, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Paycor HCM Trading Down 1.4 %

NASDAQ PYCR opened at $21.84 on Monday. The business’s 50-day moving average price is $23.79 and its two-hundred day moving average price is $24.96. Paycor HCM, Inc. has a 12 month low of $20.50 and a 12 month high of $34.95.

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.