Paycor HCM, Inc. (NASDAQ:PYCR) Shares Bought by Marshall Wace LLP

Marshall Wace LLP boosted its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR – Get Rating) by 1,974.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 222,942 shares of the company’s stock after purchasing an additional 212,196 shares during the period. Marshall Wace LLP owned approximately 0.13% of Paycor HCM worth $6,591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MetLife Investment Management LLC acquired a new stake in Paycor HCM during the 1st quarter worth about $72,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Paycor HCM during the 2nd quarter worth about $106,000. Shell Asset Management Co. acquired a new stake in Paycor HCM during the 2nd quarter worth about $128,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Paycor HCM during the 3rd quarter worth about $157,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Paycor HCM during the 2nd quarter worth about $203,000. 32.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PYCR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Paycor HCM from $36.00 to $29.00 in a research note on Monday, January 23rd. Moffett Nathanson initiated coverage on shares of Paycor HCM in a research note on Monday, January 9th. They set a “market perform” rating and a $28.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and set a $42.00 target price on shares of Paycor HCM in a research note on Thursday, March 2nd. Finally, Raymond James lowered their target price on shares of Paycor HCM from $36.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 9th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Paycor HCM presently has an average rating of “Hold” and a consensus target price of $33.77.

Paycor HCM Stock Down 4.7 %

Shares of Paycor HCM stock opened at $22.68 on Friday. Paycor HCM, Inc. has a twelve month low of $20.14 and a twelve month high of $34.95. The firm’s 50-day moving average price is $24.89 and its 200 day moving average price is $27.07.

Insiders Place Their Bets

In other Paycor HCM news, insider Alice L. Geene sold 1,147 shares of the firm’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $24.22, for a total value of $27,780.34. Following the transaction, the insider now directly owns 57,956 shares of the company’s stock, valued at approximately $1,403,694.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $23.68, for a total transaction of $35,709.44. Following the completion of the sale, the director now owns 24,326 shares in the company, valued at approximately $576,039.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alice L. Geene sold 1,147 shares of the firm’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $24.22, for a total transaction of $27,780.34. Following the sale, the insider now owns 57,956 shares of the company’s stock, valued at approximately $1,403,694.32. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Paycor HCM 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.