Paycor HCM, Inc. (NASDAQ:PYCR) Stake Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 16.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,115 shares of the company’s stock after acquiring an additional 34,336 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of Paycor HCM worth $3,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its holdings in shares of Paycor HCM by 950.7% during the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after purchasing an additional 2,158 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Paycor HCM by 1,923.0% during the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after buying an additional 2,846 shares in the last quarter. Quarry LP bought a new position in Paycor HCM during the second quarter valued at about $69,000. Covestor Ltd lifted its position in shares of Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after buying an additional 1,210 shares during the last quarter. Finally, HighMark Wealth Management LLC boosted its stake in shares of Paycor HCM by 100.0% during the 2nd quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock worth $98,000 after acquiring an additional 3,865 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Price Performance

NASDAQ:PYCR opened at $19.98 on Friday. Paycor HCM, Inc. has a one year low of $10.92 and a one year high of $22.65. The firm’s 50 day simple moving average is $16.35 and its 200 day simple moving average is $14.18. The company has a market cap of $3.59 billion, a PE ratio of -76.85, a P/E/G ratio of 4.70 and a beta of 0.51.

Analyst Ratings Changes

PYCR has been the topic of several analyst reports. Citigroup increased their price target on Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. BMO Capital Markets upgraded shares of Paycor HCM from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $19.00 to $24.00 in a report on Thursday. The Goldman Sachs Group upped their price target on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Paycor HCM in a research report on Friday, November 22nd. Finally, Jefferies Financial Group boosted their price objective on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.19.

Insider Buying and Selling at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the sale, the director now owns 21,218 shares of the company’s stock, valued at $297,476.36. This trade represents a 14.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.39% of the company’s stock.

About Paycor HCM

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.