The Manufacturers Life Insurance Company Increases Stock Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

The Manufacturers Life Insurance Company raised its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,572 shares of the company’s stock after purchasing an additional 1,237 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Paycor HCM were worth $363,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. MCF Advisors LLC bought a new stake in shares of Paycor HCM during the 4th quarter valued at about $27,000. Tower Research Capital LLC TRC raised its stake in Paycor HCM by 273.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,164 shares of the company’s stock worth $59,000 after buying an additional 2,317 shares in the last quarter. Blue Trust Inc. lifted its holdings in Paycor HCM by 869.3% in the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after buying an additional 3,086 shares during the period. Sterling Capital Management LLC boosted its position in Paycor HCM by 71.4% during the 4th quarter. Sterling Capital Management LLC now owns 4,502 shares of the company’s stock valued at $84,000 after acquiring an additional 1,875 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in Paycor HCM during the 4th quarter valued at approximately $190,000. 36.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PYCR. JMP Securities reissued a “market perform” rating on shares of Paycor HCM in a research report on Thursday, February 6th. Baird R W downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. TD Cowen lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 20th. JPMorgan Chase & Co. restated an “underweight” rating and set a $22.50 target price (up previously from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $22.50 price target (down from $28.00) on shares of Paycor HCM in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.70.

Paycor HCM Stock Performance

Shares of Paycor HCM stock opened at $22.49 on Friday. The company has a 50-day simple moving average of $22.46 and a two-hundred day simple moving average of $20.97. The stock has a market capitalization of $4.09 billion, a PE ratio of -187.40, a price-to-earnings-growth ratio of 3.84 and a beta of 0.50. Paycor HCM, Inc. has a 52-week low of $10.92 and a 52-week high of $23.49.

Paycor HCM Company 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.