Capstone Investment Advisors LLC Makes New $250,000 Investment in Paycor HCM, Inc. (NASDAQ:PYCR)

Capstone Investment Advisors LLC acquired a new stake in Paycor HCM, Inc. (NASDAQ:PYCRFree Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 12,849 shares of the company’s stock, valued at approximately $250,000.

A number of other large investors have also recently bought and sold shares of PYCR. International Assets Investment Management LLC increased its holdings 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 acquiring an additional 3,029 shares during the last quarter. Handelsbanken Fonder AB acquired a new position in Paycor HCM in the 4th quarter valued at $203,000. Archford Capital Strategies LLC bought a new position in Paycor HCM in the 1st quarter worth $206,000. Jump Financial LLC acquired a new position in Paycor HCM during the 4th quarter worth $230,000. Finally, Wrapmanager Inc. boosted its holdings in Paycor HCM by 18.1% during the fourth quarter. Wrapmanager Inc. now owns 11,669 shares of the company’s stock valued at $252,000 after acquiring an additional 1,786 shares during the period. 36.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PYCR shares. Robert W. Baird decreased their target price on Paycor HCM from $36.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Mizuho reduced their price objective on Paycor HCM from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 target price on shares of Paycor HCM in a research report on Thursday, May 9th. Jefferies Financial Group reduced their price target on shares of Paycor HCM from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, June 24th. Finally, The Goldman Sachs Group decreased their price target on shares of Paycor HCM from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Paycor HCM currently has an average rating of “Hold” and a consensus price target of $23.56.

View Our Latest Stock Analysis on Paycor HCM

Paycor HCM Stock Performance

PYCR opened at $13.06 on Wednesday. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $27.50. The firm has a 50-day moving average price of $13.34 and a two-hundred day moving average price of $17.38.

Paycor HCM (NASDAQ:PYCRGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $187.02 million for the quarter, compared to analysts’ expectations of $186.35 million. Paycor HCM had a negative net margin of 11.11% and a positive return on equity of 2.09%. As a group, equities research analysts predict that Paycor HCM, Inc. will post 0.19 earnings per share for the current year.

About Paycor HCM

(Free Report)

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.

Further Reading

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

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