Paycor HCM, Inc. (NASDAQ:PYCR) Shares Acquired by Creative Planning

Creative Planning boosted its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 115.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,889 shares of the company’s stock after purchasing an additional 14,437 shares during the period. Creative Planning’s holdings in Paycor HCM were worth $382,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PYCR. Quantbot Technologies LP grew its holdings in Paycor HCM by 35.1% during the 1st quarter. Quantbot Technologies LP now owns 17,334 shares of the company’s stock valued at $337,000 after purchasing an additional 4,504 shares in the last quarter. SG Americas Securities LLC bought a new position in Paycor HCM during the 1st quarter valued at $811,000. Oppenheimer Asset Management Inc. boosted its stake in Paycor HCM by 16.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 20,616 shares of the company’s stock valued at $401,000 after acquiring an additional 2,917 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in Paycor HCM by 0.3% during the 1st quarter. TimesSquare Capital Management LLC now owns 709,651 shares of the company’s stock valued at $13,796,000 after acquiring an additional 2,239 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Paycor HCM by 14.8% during the 1st quarter. Swiss National Bank now owns 140,200 shares of the company’s stock valued at $2,725,000 after acquiring an additional 18,100 shares during the last quarter. 36.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the transaction, the director now owns 21,218 shares of the company’s stock, valued at $297,476.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PYCR shares. Citigroup raised their price target on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Truist Financial reduced their price target on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. The Goldman Sachs Group dropped their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, August 16th. Stifel Nicolaus dropped their price objective on shares of Paycor HCM from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, Mizuho dropped their price objective on shares of Paycor HCM from $19.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.41.

Paycor HCM Trading Up 2.6 %

Paycor HCM stock opened at $17.13 on Friday. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of -65.65, a PEG ratio of 4.87 and a beta of 0.42. The company’s 50-day moving average price is $14.17 and its two-hundred day moving average price is $13.74. Paycor HCM, Inc. has a 52 week low of $10.92 and a 52 week high of $22.65.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $164.80 million for the quarter, compared to analysts’ expectations of $161.14 million. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) EPS. Research analysts expect that Paycor HCM, Inc. will post 0.25 earnings per share for the current fiscal year.

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.