Zurcher Kantonalbank Zurich Cantonalbank Sells 2,318 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Paycor HCM, Inc. (NASDAQ:PYCR) by 17.2% during the fourth quarter, Holdings Channel reports. The fund owned 11,147 shares of the company’s stock after selling 2,318 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Paycor HCM were worth $241,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of PYCR. International Assets Investment Management LLC increased its position in shares of Paycor HCM by 1,824.7% during the 4th quarter. International Assets Investment Management LLC now owns 3,195 shares of the company’s stock valued at $69,000 after purchasing an additional 3,029 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Paycor HCM by 48.6% in the third quarter. Covestor Ltd now owns 3,589 shares of the company’s stock worth $82,000 after buying an additional 1,174 shares during the last quarter. Wrapmanager Inc. bought a new stake in Paycor HCM during the third quarter valued at approximately $226,000. Trust Point Inc. purchased a new stake in Paycor HCM during the fourth quarter valued at approximately $352,000. Finally, Dark Forest Capital Management LP raised its position in Paycor HCM by 48.4% in the third quarter. Dark Forest Capital Management LP now owns 21,953 shares of the company’s stock worth $501,000 after acquiring an additional 7,162 shares during the period. 36.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PYCR has been the subject of a number of recent research reports. BTIG Research began coverage on shares of Paycor HCM in a research report on Tuesday, February 6th. They set a “buy” rating and a $26.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and set a $42.00 price target on shares of Paycor HCM in a report on Thursday, April 25th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.35.

Paycor HCM Stock Up 3.1 %

Shares of NASDAQ:PYCR opened at $17.84 on Tuesday. The firm has a fifty day simple moving average of $18.77 and a two-hundred day simple moving average of $19.98. The stock has a market capitalization of $3.18 billion, a P/E ratio of -37.17, a PEG ratio of 5.87 and a beta of 0.54. Paycor HCM, Inc. has a 52 week low of $16.48 and a 52 week high of $27.50.

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

Insider Activity at Paycor HCM

In other Paycor HCM news, insider Alice L. Geene sold 1,577 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $18.39, for a total value of $29,001.03. Following the transaction, the insider now directly owns 107,581 shares in the company, valued at approximately $1,978,414.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Jonathan Corr sold 1,508 shares of Paycor HCM stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $18.30, for a total transaction of $27,596.40. Following the transaction, the director now directly owns 18,480 shares of the company’s stock, valued at $338,184. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alice L. Geene sold 1,577 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $18.39, for a total value of $29,001.03. Following the completion of the transaction, the insider now directly owns 107,581 shares of the company’s stock, valued at $1,978,414.59. The disclosure for this sale can be found here. 0.39% of the stock is owned by company insiders.

About Paycor HCM

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.