44,100 Shares in Paycor HCM, Inc. (NASDAQ:PYCR) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 44,100 shares of the company’s stock, valued at approximately $560,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PYCR. Advisors Asset Management Inc. raised its position in shares of Paycor HCM by 52.4% during the 1st quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock valued at $67,000 after buying an additional 1,178 shares during the period. Renaissance Capital LLC lifted its stake in shares of Paycor HCM by 3.0% in the 1st quarter. Renaissance Capital LLC now owns 42,319 shares of the company’s stock valued at $823,000 after purchasing an additional 1,230 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Paycor HCM by 12.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,695 shares of the company’s stock valued at $296,000 after purchasing an additional 1,536 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Paycor HCM by 2.3% during the 2nd quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock worth $863,000 after purchasing an additional 1,560 shares during the period. Finally, Fiera Capital Corp increased its position in shares of Paycor HCM by 0.9% during the 2nd quarter. Fiera Capital Corp now owns 190,677 shares of the company’s stock worth $2,422,000 after purchasing an additional 1,629 shares during the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on PYCR shares. Citigroup upped their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. BTIG Research decreased their price objective on shares of Paycor HCM from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Truist Financial dropped their target price on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. UBS Group decreased their price target on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. Finally, Stifel Nicolaus lowered their price target on Paycor HCM from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Paycor HCM presently has an average rating of “Hold” and an average target price of $19.40.

Paycor HCM Stock Up 1.8 %

Shares of Paycor HCM stock opened at $13.89 on Friday. Paycor HCM, Inc. has a 52-week low of $10.92 and a 52-week high of $25.48. The company has a market capitalization of $2.48 billion, a P/E ratio of -33.76, a P/E/G ratio of 4.34 and a beta of 0.44. The company has a 50 day moving average of $13.54 and a 200 day moving average of $14.45.

Paycor HCM (NASDAQ:PYCR) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. The business had revenue of $164.80 million during the quarter, compared to analysts’ expectations of $161.14 million. During the same period in the previous year, the company earned ($0.01) EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, research analysts anticipate that Paycor HCM, Inc. will post 0.25 earnings per share for the current fiscal year.

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.