UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 34,336 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 16.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 243,115 shares of the company’s stock after acquiring an additional 34,336 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Paycor HCM were worth $3,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of PYCR. Bank of New York Mellon Corp raised its stake in Paycor HCM by 149.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock valued at $7,722,000 after acquiring an additional 364,025 shares during the period. Marshall Wace LLP increased its stake in shares of Paycor HCM by 1,234.9% in the second quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock worth $4,712,000 after purchasing an additional 343,194 shares in the last quarter. ING Groep NV bought a new stake in shares of Paycor HCM in the third quarter valued at approximately $4,615,000. Cubist Systematic Strategies LLC raised its position in shares of Paycor HCM by 207.5% in the second quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company’s stock valued at $5,907,000 after purchasing an additional 313,851 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Paycor HCM by 1,047.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 321,504 shares of the company’s stock valued at $4,562,000 after buying an additional 293,487 shares in the last quarter. 36.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction 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 transaction, the director now directly owns 21,218 shares of the company’s stock, valued at $297,476.36. The trade was a 14.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.39% of the stock is owned by company insiders.

Analyst Ratings Changes

PYCR has been the subject of several recent research reports. UBS Group reduced their price target on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of Paycor HCM in a report on Friday, November 22nd. Mizuho increased their price target on shares of Paycor HCM from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday. The Goldman Sachs Group boosted their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, Citigroup increased their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Paycor HCM currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.19.

Paycor HCM Trading Down 1.3 %

NASDAQ PYCR opened at $19.98 on Friday. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $22.65. The stock 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. The stock’s 50 day moving average is $16.35 and its 200 day moving average is $14.18.

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.