Truist Financial Corp Has $902,000 Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

Truist Financial Corp grew its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCRGet Rating) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,499 shares of the company’s stock after acquiring an additional 2,746 shares during the quarter. Truist Financial Corp’s holdings in Paycor HCM were worth $902,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PYCR. Raymond James & Associates raised its stake in Paycor HCM by 55.3% during the first quarter. Raymond James & Associates now owns 36,562 shares of the company’s stock worth $1,064,000 after acquiring an additional 13,021 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Paycor HCM by 14.4% during the first quarter. Bank of New York Mellon Corp now owns 173,629 shares of the company’s stock worth $5,055,000 after acquiring an additional 21,808 shares in the last quarter. US Bancorp DE raised its stake in Paycor HCM by 31.1% during the first quarter. US Bancorp DE now owns 7,683 shares of the company’s stock worth $224,000 after acquiring an additional 1,822 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Paycor HCM by 1,025.1% during the first quarter. Citigroup Inc. now owns 163,112 shares of the company’s stock worth $4,748,000 after purchasing an additional 148,614 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Paycor HCM by 63.5% during the first quarter. PNC Financial Services Group Inc. now owns 10,435 shares of the company’s stock worth $305,000 after purchasing an additional 4,053 shares during the last quarter. Institutional investors and hedge funds own 32.26% of the company’s stock.

Paycor HCM Price Performance

Shares of PYCR stock opened at $23.66 on Friday. The business’s 50 day simple moving average is $25.69 and its 200 day simple moving average is $27.83. Paycor HCM, Inc. has a one year low of $20.14 and a one year high of $34.95. The stock has a market capitalization of $4.16 billion, a PE ratio of -42.25 and a beta of 0.43.

Paycor HCM (NASDAQ:PYCRGet Rating) last announced its earnings results on Wednesday, November 2nd. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. Paycor HCM had a negative return on equity of 0.78% and a negative net margin of 20.89%. The business had revenue of $118.30 million for the quarter, compared to analysts’ expectations of $113.37 million. As a group, research analysts expect that Paycor HCM, Inc. will post -0.02 earnings per share for the current year.

Insider Buying and Selling at Paycor HCM

In other Paycor HCM news, major shareholder Pride Gp, Inc. sold 6,000,000 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $28.45, for a total value of $170,700,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Paycor HCM news, major shareholder Pride Gp, Inc. sold 6,000,000 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $28.45, for a total value of $170,700,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Scott David Miller purchased 2,700 shares of the company’s stock in a transaction on Tuesday, December 6th. The stock was acquired at an average cost of $25.47 per share, for a total transaction of $68,769.00. Following the completion of the purchase, the director now owns 179,437 shares of the company’s stock, valued at approximately $4,570,260.39. The disclosure for this purchase can be found here. Insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

PYCR has been the topic of several research reports. Moffett Nathanson initiated coverage on Paycor HCM in a report on Monday, January 9th. They set a “market perform” rating and a $28.00 price target on the stock. The Goldman Sachs Group reduced their price target on Paycor HCM from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, November 3rd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Paycor HCM has a consensus rating of “Hold” and a consensus price target of $34.08.

Paycor HCM Company Profile

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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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