Vanguard Group Inc. Purchases 226,807 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Vanguard Group Inc. grew its holdings in Paycor HCM, Inc. (NASDAQ:PYCR) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,454,003 shares of the company’s stock after buying an additional 226,807 shares during the quarter. Vanguard Group Inc.’s holdings in Paycor HCM were worth $138,421,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Conestoga Capital Advisors LLC raised its position in Paycor HCM by 23.8% in the fourth quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company’s stock worth $128,772,000 after purchasing an additional 1,333,170 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Paycor HCM by 1,738.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 573,870 shares of the company’s stock worth $10,657,000 after buying an additional 542,659 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Paycor HCM during the 4th quarter worth approximately $8,216,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Paycor HCM by 92.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 620,012 shares of the company’s stock worth $11,514,000 after buying an additional 298,508 shares during the period. Finally, Fifth Third Bancorp boosted its stake in Paycor HCM by 57.3% in the 4th quarter. Fifth Third Bancorp now owns 476,874 shares of the company’s stock valued at $8,856,000 after buying an additional 173,752 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Trading Up 0.2 %

Shares of NASDAQ PYCR opened at $22.45 on Tuesday. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $23.49. The firm’s 50-day moving average is $22.29 and its 200-day moving average is $19.21. The firm has a market capitalization of $4.08 billion, a PE ratio of -187.07, a price-to-earnings-growth ratio of 3.84 and a beta of 0.50.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings data 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%. As a group, equities research analysts anticipate that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PYCR has been the subject of several recent analyst reports. Truist Financial reiterated a “hold” rating and set a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. BMO Capital Markets reissued a “market perform” rating and set a $22.50 price target (down from $24.00) on shares of Paycor HCM in a report on Wednesday, January 8th. Citizens Jmp cut shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Baird R W cut shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Robert W. Baird restated a “neutral” rating and set a $22.50 price target (down from $28.00) on shares of Paycor HCM in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.53.

Paycor HCM Company 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.