Dimensional Fund Advisors LP boosted its holdings in Paycor HCM, Inc. (NASDAQ:PYCR – Free Report) by 13.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,664,711 shares of the company’s stock after buying an additional 192,633 shares during the period. Dimensional Fund Advisors LP owned approximately 0.93% of Paycor HCM worth $21,140,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. PNC Financial Services Group Inc. lifted its position in Paycor HCM by 12.6% during the fourth 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. Corient Private Wealth LLC lifted its holdings in shares of Paycor HCM by 13.8% during the 4th quarter. Corient Private Wealth LLC now owns 23,975 shares of the company’s stock worth $518,000 after acquiring an additional 2,912 shares during the last quarter. TD Asset Management Inc grew its position in Paycor HCM by 11.1% in the fourth quarter. TD Asset Management Inc now owns 124,658 shares of the company’s stock worth $2,691,000 after acquiring an additional 12,482 shares in the last quarter. Treasurer of the State of North Carolina grew its position in Paycor HCM by 17.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 28,537 shares of the company’s stock worth $616,000 after acquiring an additional 4,270 shares in the last quarter. Finally, Bullseye Asset Management LLC increased its stake in Paycor HCM by 17.9% in the fourth quarter. Bullseye Asset Management LLC now owns 98,924 shares of the company’s stock valued at $2,135,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors own 36.76% of the company’s stock.
Paycor HCM Stock Performance
NASDAQ:PYCR opened at $13.65 on Friday. The stock’s fifty day moving average is $13.53 and its 200 day moving average is $14.45. The firm has a market capitalization of $2.43 billion, a PE ratio of -33.29, a PEG ratio of 4.34 and a beta of 0.44. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $25.48.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Jefferies Financial Group reduced their price objective on Paycor HCM from $14.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, June 24th. Mizuho reduced their price target on shares of Paycor HCM from $19.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 23rd. BTIG Research lowered their price objective on shares of Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Citigroup increased their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Finally, UBS Group lowered their price target on shares of Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.40.
Read Our Latest Research Report on Paycor HCM
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.
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