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

Raymond James & Associates boosted its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 24.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 226,586 shares of the company’s stock after acquiring an additional 44,076 shares during the quarter. Raymond James & Associates owned 0.13% of Paycor HCM worth $4,892,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its position in Paycor HCM by 105,741.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,378,423 shares of the company’s stock valued at $205,020,000 after acquiring an additional 8,370,507 shares during the last quarter. Clearbridge Investments LLC increased its position in Paycor HCM by 0.5% during the third quarter. Clearbridge Investments LLC now owns 5,682,420 shares of the company’s stock valued at $129,730,000 after acquiring an additional 25,925 shares during the last quarter. Vanguard Group Inc. increased its position in Paycor HCM by 4.5% during the third quarter. Vanguard Group Inc. now owns 5,474,111 shares of the company’s stock valued at $124,974,000 after acquiring an additional 237,398 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Paycor HCM by 32.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 5,387,001 shares of the company’s stock valued at $140,062,000 after acquiring an additional 1,316,954 shares during the last quarter. Finally, Invesco Ltd. increased its position in Paycor HCM by 2.5% during the third quarter. Invesco Ltd. now owns 3,214,382 shares of the company’s stock valued at $73,384,000 after acquiring an additional 79,602 shares during the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Insider Buying and Selling

In related news, Director Jonathan Corr sold 1,508 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $18.30, for a total value of $27,596.40. Following the sale, the director now directly owns 18,480 shares in the company, valued at $338,184. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $18.30, for a total transaction of $27,596.40. Following the sale, the director now directly owns 18,480 shares in the company, valued at $338,184. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alice L. Geene sold 1,577 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $18.39, for a total value of $29,001.03. Following the sale, the insider now owns 107,581 shares in the company, valued at $1,978,414.59. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,021 shares of company stock worth $115,019. Corporate insiders own 0.90% of the company’s stock.

Paycor HCM Trading Down 3.7 %

NASDAQ:PYCR opened at $18.03 on Thursday. The company has a market capitalization of $3.21 billion, a P/E ratio of -37.56, a P/E/G ratio of 6.15 and a beta of 0.50. Paycor HCM, Inc. has a 12 month low of $17.13 and a 12 month high of $27.50. The business’s 50-day moving average is $19.78 and its 200 day moving average is $20.78.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, February 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $159.54 million during the quarter, compared to analysts’ expectations of $155.49 million. Paycor HCM had a positive return on equity of 1.28% and a negative net margin of 13.82%. On average, research analysts forecast that Paycor HCM, Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

PYCR has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $42.00 price target on shares of Paycor HCM in a report on Monday, March 18th. Jefferies Financial Group reissued a “hold” rating and set a $22.00 price target (down previously from $27.00) on shares of Paycor HCM in a report on Friday, January 5th. Finally, BTIG Research initiated coverage on Paycor HCM in a report on Tuesday, February 6th. They set a “buy” rating and a $26.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.35.

Paycor HCM Company Profile

Paycor HCM, Inc, together with 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.