Envestnet Asset Management Inc. Increases Stock Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Envestnet Asset Management Inc. raised its stake in Paycor HCM, Inc. (NASDAQ:PYCRGet Rating) by 39.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,462 shares of the company’s stock after purchasing an additional 18,373 shares during the period. Envestnet Asset Management Inc.’s holdings in Paycor HCM were worth $1,702,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PYCR. BDO Wealth Advisors LLC purchased a new position in Paycor HCM in the first quarter valued at approximately $29,000. Assetmark Inc. increased its stake in Paycor HCM by 395.8% in the second quarter. Assetmark Inc. now owns 1,190 shares of the company’s stock valued at $31,000 after purchasing an additional 950 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Paycor HCM in the first quarter valued at approximately $72,000. Lindenwold Advisors purchased a new position in Paycor HCM in the first quarter valued at approximately $208,000. Finally, First Republic Investment Management Inc. purchased a new position in Paycor HCM in the first quarter valued at approximately $215,000. 30.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Paycor HCM

In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $31.80, for a total value of $47,954.40. Following the completion of the sale, the director now owns 25,834 shares of the company’s stock, valued at $821,521.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $31.80, for a total value of $47,954.40. Following the completion of the transaction, the director now owns 25,834 shares in the company, valued at $821,521.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Pride Gp, Inc. sold 5,000,000 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $27.12, for a total value of $135,600,000.00. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PYCR. DA Davidson increased their price objective on Paycor HCM from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 24th. Truist Financial increased their price objective on Paycor HCM from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, August 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Paycor HCM from $30.00 to $36.00 in a report on Wednesday, August 24th. Robert W. Baird increased their price objective on Paycor HCM from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, August 24th. Finally, Citigroup assumed coverage on Paycor HCM in a report on Thursday, September 1st. They issued a “neutral” rating and a $30.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.58.

Paycor HCM Stock Performance

Paycor HCM stock opened at $26.72 on Friday. Paycor HCM, Inc. has a one year low of $20.14 and a one year high of $34.95. The business has a fifty day moving average of $29.17 and a two-hundred day moving average of $27.49. The company has a market cap of $4.70 billion, a P/E ratio of -47.71 and a beta of 0.39.

Paycor HCM (NASDAQ:PYCRGet Rating) last released its earnings results on Tuesday, August 23rd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Paycor HCM had a negative return on equity of 0.78% and a negative net margin of 20.89%. The company had revenue of $110.99 million during the quarter, compared to the consensus estimate of $103.49 million. During the same quarter last year, the company earned $0.01 earnings per share.

Paycor HCM 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.

Featured Articles

Want to see what other hedge funds are holding PYCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paycor HCM, Inc. (NASDAQ:PYCRGet Rating).

Institutional Ownership by Quarter for Paycor HCM (NASDAQ:PYCR)

Receive News & Ratings for Paycor HCM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycor HCM and related companies with MarketBeat.com's FREE daily email newsletter.