Treasurer of the State of North Carolina Acquires 3,530 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Treasurer of the State of North Carolina raised its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR – Get Rating) by 17.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,767 shares of the company’s stock after buying an additional 3,530 shares during the period. Treasurer of the State of North Carolina’s holdings in Paycor HCM were worth $582,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Paycor HCM from $28.00 to $27.00 in a research report on Thursday, May 11th. Stifel Nicolaus reduced their price objective on Paycor HCM from $33.00 to $28.00 in a research report on Thursday, May 11th. Truist Financial dropped their target price on shares of Paycor HCM from $45.00 to $40.00 in a research report on Thursday, May 11th. Raymond James reduced their price target on shares of Paycor HCM from $32.00 to $27.00 in a report on Thursday, May 11th. Finally, Credit Suisse Group dropped their price objective on shares of Paycor HCM from $35.00 to $30.00 in a report on Thursday, May 11th. Six 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, the stock has an average rating of “Hold” and a consensus target price of $32.36.

Insider Activity

In related news, Director Jonathan Corr sold 1,509 shares of the stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $24.81, for a total transaction of $37,438.29. Following the completion of the sale, the director now owns 22,817 shares in the company, valued at approximately $566,089.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Paycor HCM news, Director Jonathan Corr sold 1,509 shares of the firm’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $24.81, for a total value of $37,438.29. Following the completion of the sale, the director now owns 22,817 shares in the company, valued at approximately $566,089.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alice L. Geene sold 1,267 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $23.92, for a total transaction of $30,306.64. Following the completion of the sale, the insider now directly owns 55,441 shares of the company’s stock, valued at approximately $1,326,148.72. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Paycor HCM Stock Down 1.4 %

Shares of PYCR stock opened at $21.84 on Monday. The stock’s fifty day simple moving average is $23.79 and its 200 day simple moving average is $24.96. Paycor HCM, Inc. has a one year low of $20.50 and a one year high of $34.95.

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.