Paycor HCM, Inc. (NASDAQ:PYCR) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp grew its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,498 shares of the company’s stock after buying an additional 981 shares during the quarter. Stifel Financial Corp’s holdings in Paycor HCM were worth $192,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PYCR. International Assets Investment Management LLC increased its holdings in Paycor HCM by 1,923.0% in 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 during the last quarter. Quarry LP bought a new position in Paycor HCM in the second quarter worth about $69,000. Covestor Ltd boosted its stake in Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after acquiring an additional 1,210 shares during the period. nVerses Capital LLC acquired a new stake in Paycor HCM in the second quarter worth $123,000. Finally, FMR LLC boosted its holdings in shares of Paycor HCM by 93.9% during the third quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after acquiring an additional 4,804 shares during the period. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Trading Down 1.5 %

PYCR stock opened at $18.79 on Tuesday. The company has a fifty day simple moving average of $17.53 and a 200 day simple moving average of $14.71. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $21.72. The firm has a market cap of $3.38 billion, a PE ratio of -72.27, a PEG ratio of 4.79 and a beta of 0.51.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Stifel Nicolaus increased their price target on Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Citigroup raised their target price on Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. BMO Capital Markets raised shares of Paycor HCM from a “market perform” rating to an “outperform” rating and increased their target price for the company from $19.00 to $24.00 in a research note on Thursday, December 12th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Paycor HCM in a research report on Friday, November 22nd. Finally, TD Cowen upgraded shares of Paycor HCM from a “hold” rating to a “buy” rating and upped their price target for the company from $18.00 to $22.00 in a research report on Monday, December 2nd. Seven equities 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.56.

Insiders Place Their Bets

In other news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the transaction, the director now owns 21,218 shares in the company, valued at approximately $297,476.36. The trade was a 14.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.39% of the company’s stock.

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.