Ameriprise Financial Inc. Purchases 58,840 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Ameriprise Financial Inc. raised its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 15.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 448,348 shares of the company’s stock after acquiring an additional 58,840 shares during the period. Ameriprise Financial Inc. owned approximately 0.25% of Paycor HCM worth $8,326,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. MCF Advisors LLC acquired a new position in shares of Paycor HCM during the fourth quarter valued at about $27,000. Tower Research Capital LLC TRC raised its position in shares of Paycor HCM by 273.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,164 shares of the company’s stock valued at $59,000 after buying an additional 2,317 shares during the last quarter. Blue Trust Inc. raised its position in shares of Paycor HCM by 869.3% during the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $64,000 after buying an additional 3,086 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Paycor HCM by 71.4% during the fourth quarter. Sterling Capital Management LLC now owns 4,502 shares of the company’s stock valued at $84,000 after buying an additional 1,875 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Paycor HCM during the fourth quarter valued at about $190,000. 36.76% of the stock is currently owned by institutional investors.

Paycor HCM Stock Performance

Shares of Paycor HCM stock opened at $22.49 on Wednesday. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of -187.40, a P/E/G ratio of 3.84 and a beta of 0.50. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $23.49. The firm’s 50-day moving average price is $22.47 and its two-hundred day moving average price is $21.07.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PYCR. Robert W. Baird reaffirmed a “neutral” rating and set a $22.50 price objective (down previously from $28.00) on shares of Paycor HCM in a research report on Friday, February 7th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.50 price target (up previously from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. JMP Securities reissued a “market perform” rating on shares of Paycor HCM in a research report on Thursday, February 6th. Finally, Baird R W lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.70.

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.