Bank of Montreal Can Sells 67,193 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Bank of Montreal Can trimmed its stake in Paycor HCM, Inc. (NASDAQ:PYCR) by 80.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,776 shares of the company’s stock after selling 67,193 shares during the quarter. Bank of Montreal Can’s holdings in Paycor HCM were worth $312,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PYCR. Conestoga Capital Advisors LLC increased its position in shares of Paycor HCM by 23.8% during the fourth quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company’s stock valued at $128,772,000 after acquiring an additional 1,333,170 shares in the last quarter. Norges Bank bought a new stake in Paycor HCM in the 4th quarter worth about $18,485,000. Allspring Global Investments Holdings LLC lifted its stake in Paycor HCM by 1,738.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 573,870 shares of the company’s stock valued at $10,657,000 after acquiring an additional 542,659 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Paycor HCM during the 4th quarter valued at about $8,216,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Paycor HCM by 92.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 620,012 shares of the company’s stock worth $11,514,000 after acquiring an additional 298,508 shares during the period. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PYCR shares. Mizuho raised their target price on shares of Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Raymond James lowered Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $22.50 price objective (down from $28.00) on shares of Paycor HCM in a research report on Friday, February 7th. TD Cowen cut shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 20th. Finally, Truist Financial reissued a “hold” rating and issued a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.53.

Paycor HCM Stock Performance

PYCR opened at $22.49 on Thursday. The stock has a 50-day moving average of $22.38 and a 200 day moving average of $19.93. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $23.49. The firm has a market cap of $4.09 billion, a P/E ratio of -187.40, a P/E/G ratio of 3.84 and a beta of 0.50.

Paycor HCM (NASDAQ:PYCR) last released its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.28%. On average, research analysts forecast that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.

Paycor HCM Profile

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.