Raymond James & Associates Boosts Stock Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Raymond James & Associates lifted its holdings in Paycor HCM, Inc. (NASDAQ:PYCR – Get Rating) by 40.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 195,606 shares of the company’s stock after purchasing an additional 56,795 shares during the quarter. Raymond James & Associates owned 0.11% of Paycor HCM worth $4,786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Penserra Capital Management LLC purchased a new position in shares of Paycor HCM in the third quarter valued at $489,000. Neuberger Berman Group LLC boosted its stake in Paycor HCM by 6.5% during the third quarter. Neuberger Berman Group LLC now owns 2,908,581 shares of the company’s stock worth $85,977,000 after buying an additional 178,424 shares during the period. Natixis Advisors L.P. boosted its stake in Paycor HCM by 31.1% during the fourth quarter. Natixis Advisors L.P. now owns 33,732 shares of the company’s stock worth $825,000 after buying an additional 8,004 shares during the period. New York State Common Retirement Fund boosted its stake in Paycor HCM by 4.1% during the fourth quarter. New York State Common Retirement Fund now owns 344,197 shares of the company’s stock worth $8,423,000 after buying an additional 13,579 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in Paycor HCM during the third quarter worth $419,000. 32.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Paycor HCM

In other Paycor HCM news, Director Jonathan Corr sold 1,509 shares of Paycor HCM stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $24.81, for a total value of $37,438.29. Following the transaction, the director now owns 22,817 shares in the company, valued at $566,089.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Paycor HCM news, Director Jonathan Corr sold 1,509 shares of Paycor HCM stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $24.81, for a total value of $37,438.29. Following the transaction, the director now owns 22,817 shares in the company, valued at $566,089.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alice L. Geene sold 1,267 shares of Paycor HCM 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 completion of the transaction, 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. 0.39% of the stock is currently owned by corporate insiders.

Paycor HCM Price Performance

PYCR stock opened at $22.15 on Wednesday. The business has a 50-day moving average price of $23.75 and a 200 day moving average price of $24.90. The company has a market capitalization of $3.91 billion, a P/E ratio of -43.43 and a beta of 0.43. Paycor HCM, Inc. has a 1-year low of $20.50 and a 1-year high of $34.95.

Analyst Ratings Changes

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Paycor HCM from $28.00 to $27.00 in a research note on Thursday, May 11th. Raymond James dropped their price objective on shares of Paycor HCM from $32.00 to $27.00 in a research note on Thursday, May 11th. Needham & Company LLC reiterated a “buy” rating and set a $42.00 target price on shares of Paycor HCM in a research report on Thursday, March 2nd. Stifel Nicolaus decreased their target price on Paycor HCM from $33.00 to $28.00 in a research report on Thursday, May 11th. Finally, Truist Financial decreased their target price on Paycor HCM from $45.00 to $40.00 in a research report on Thursday, May 11th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.69.

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.