Wrapmanager Inc. Sells 4,818 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Wrapmanager Inc. lowered its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 26.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,468 shares of the company’s stock after selling 4,818 shares during the quarter. Wrapmanager Inc.’s holdings in Paycor HCM were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of PYCR. MCF Advisors LLC acquired a new position in Paycor HCM in the 4th quarter valued at $27,000. International Assets Investment Management LLC grew its stake in Paycor HCM by 1,923.0% in the 3rd 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. Blue Trust Inc. grew its stake in Paycor HCM by 869.3% in the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $64,000 after buying an additional 3,086 shares during the last quarter. Covestor Ltd grew its stake in Paycor HCM by 29.4% in the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after buying an additional 1,210 shares during the last quarter. Finally, FMR LLC grew its stake in Paycor HCM by 93.9% in the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after buying an additional 4,804 shares during the last quarter. Institutional investors own 36.76% of the company’s stock.

Wall Street Analysts Forecast Growth

PYCR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $22.50 target price (up from $21.00) on shares of Paycor HCM in a research note on Wednesday, January 22nd. Citizens Jmp lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Mizuho raised their target price on shares of Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Robert W. Baird reiterated a “neutral” rating and issued a $22.50 target price (down from $28.00) on shares of Paycor HCM in a research note on Friday, February 7th. Finally, TD Cowen lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 20th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $21.53.

Paycor HCM Stock Performance

Shares of Paycor HCM stock opened at $22.18 on Wednesday. The firm’s 50-day simple moving average is $21.35 and its 200-day simple moving average is $17.48. Paycor HCM, Inc. has a twelve month low of $10.92 and a twelve month high of $23.49. The firm has a market cap of $4.03 billion, a P/E ratio of -184.82, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR) last issued its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.28%. On average, equities analysts forecast that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.

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.