Rhumbline Advisers Sells 9,446 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Rhumbline Advisers reduced its position in Paycor HCM, Inc. (NASDAQ:PYCR) by 11.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 70,490 shares of the company’s stock after selling 9,446 shares during the period. Rhumbline Advisers’ holdings in Paycor HCM were worth $1,582,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Paycor HCM during the fourth quarter valued at about $18,485,000. Principal Financial Group Inc. grew its holdings in shares of Paycor HCM by 171.5% during the fourth quarter. Principal Financial Group Inc. now owns 184,073 shares of the company’s stock worth $3,418,000 after purchasing an additional 116,262 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Paycor HCM during the fourth quarter worth about $190,000. Barclays PLC grew its holdings in shares of Paycor HCM by 948.7% during the fourth quarter. Barclays PLC now owns 251,596 shares of the company’s stock worth $4,673,000 after purchasing an additional 227,605 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Paycor HCM by 1,738.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 573,870 shares of the company’s stock worth $10,657,000 after purchasing an additional 542,659 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors.

Paycor HCM Stock Performance

Shares of NASDAQ PYCR opened at $22.49 on Thursday. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $23.49. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of -187.40, a PEG ratio of 3.84 and a beta of 0.50. The business has a 50-day moving average of $22.49 and a 200-day moving average of $21.82.

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.