Wells Fargo & Company MN Decreases Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

Wells Fargo & Company MN lowered its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 32.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,858 shares of the company’s stock after selling 14,342 shares during the period. Wells Fargo & Company MN’s holdings in Paycor HCM were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MCF Advisors LLC acquired a new stake in shares of Paycor HCM in the 4th quarter worth approximately $27,000. Blue Trust Inc. raised its position in Paycor HCM by 869.3% during the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after acquiring an additional 3,086 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Paycor HCM in the fourth quarter valued at about $190,000. Hardy Reed LLC purchased a new stake in shares of Paycor HCM in the fourth quarter valued at about $259,000. Finally, Octavia Wealth Advisors LLC increased its stake in shares of Paycor HCM by 38.5% during the 4th quarter. Octavia Wealth Advisors LLC now owns 14,002 shares of the company’s stock worth $260,000 after purchasing an additional 3,890 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Truist Financial restated a “hold” rating and issued a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research report on Thursday, January 16th. Raymond James lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. TD Cowen downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 20th. Needham & Company LLC lowered Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, JMP Securities reiterated a “market perform” rating on shares of Paycor HCM in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.53.

Paycor HCM Stock Performance

Shares of PYCR stock opened at $22.49 on Friday. The company has a market cap of $4.09 billion, a PE ratio of -187.40, a P/E/G ratio of 3.84 and a beta of 0.50. The company’s fifty day simple moving average is $22.42 and its 200-day simple moving average is $20.37. Paycor HCM, Inc. has a 52 week low of $10.92 and a 52 week high of $23.49.

Paycor HCM (NASDAQ:PYCR) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 EPS 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%. Equities research analysts expect that Paycor HCM, Inc. will post 0.3 EPS 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.