Allspring Global Investments Holdings LLC Trims Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

Allspring Global Investments Holdings LLC decreased its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 96.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 18,466 shares of the company’s stock after selling 555,404 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Paycor HCM were worth $415,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Paycor HCM by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 7,454,003 shares of the company’s stock worth $138,421,000 after buying an additional 226,807 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Paycor HCM by 0.7% in the 4th quarter. Clearbridge Investments LLC now owns 6,386,128 shares of the company’s stock worth $118,590,000 after buying an additional 47,007 shares during the last quarter. Invesco Ltd. grew its stake in shares of Paycor HCM by 4.0% in the 4th quarter. Invesco Ltd. now owns 2,799,281 shares of the company’s stock worth $51,983,000 after buying an additional 106,628 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Paycor HCM by 15.5% in the 4th quarter. Franklin Resources Inc. now owns 2,003,288 shares of the company’s stock worth $37,201,000 after buying an additional 269,179 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Paycor HCM by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 1,413,576 shares of the company’s stock worth $26,258,000 after buying an additional 58,730 shares during the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Price Performance

Paycor HCM stock opened at $22.49 on Friday. The company has a market capitalization of $4.09 billion, a P/E ratio of -187.40, a PEG ratio of 3.84 and a beta of 0.50. The stock’s 50 day moving average is $22.49 and its 200 day moving average is $22.16. Paycor HCM, Inc. has a twelve month low of $11.37 and a twelve month high of $23.49.

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.