Nuveen Asset Management LLC Increases Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

Nuveen Asset Management LLC grew its position in Paycor HCM, Inc. (NASDAQ:PYCR) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 818,096 shares of the company’s stock after acquiring an additional 8,311 shares during the quarter. Nuveen Asset Management LLC owned about 0.45% of Paycor HCM worth $15,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in Paycor HCM by 273.6% in the 4th 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 during the period. Blue Trust Inc. increased its stake in Paycor HCM by 869.3% in the 4th 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 increased its stake in Paycor HCM by 71.4% in the 4th quarter. Sterling Capital Management LLC now owns 4,502 shares of the company’s stock worth $84,000 after buying an additional 1,875 shares during the period. HighTower Advisors LLC purchased a new position in Paycor HCM in the 4th quarter worth about $190,000. Finally, Focus Partners Wealth purchased a new position in Paycor HCM in the 4th quarter worth about $211,000. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Baird R W downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. JMP Securities reaffirmed a “market perform” rating on shares of Paycor HCM in a research note on Thursday, February 6th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $22.50 price target (down previously from $28.00) on shares of Paycor HCM in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.70.

Paycor HCM Stock Performance

NASDAQ:PYCR opened at $22.49 on Monday. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $23.49. The stock has a market capitalization 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. The company’s 50-day simple moving average is $22.47 and its 200-day simple moving average is $21.23.

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.