Hardy Reed LLC Makes New Investment in Paycor HCM, Inc. (NASDAQ:PYCR)

Hardy Reed LLC bought a new position in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,933 shares of the company's stock, valued at approximately $259,000.

Several other institutional investors have also recently bought and sold shares of PYCR. CWM LLC raised its holdings in Paycor HCM by 450.7% in the 3rd quarter. CWM LLC now owns 13,135 shares of the company's stock worth $186,000 after acquiring an additional 10,750 shares during the period. Creative Planning raised its holdings in Paycor HCM by 115.9% in the 3rd quarter. Creative Planning now owns 26,889 shares of the company's stock worth $382,000 after acquiring an additional 14,437 shares during the period. Raymond James & Associates raised its holdings in Paycor HCM by 0.6% in the 3rd quarter. Raymond James & Associates now owns 328,827 shares of the company's stock worth $4,666,000 after acquiring an additional 1,834 shares during the period. Whittier Trust Co. bought a new position in shares of Paycor HCM during the 3rd quarter worth about $799,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Paycor HCM by 1,923.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company's stock worth $42,000 after purchasing an additional 2,846 shares during the period. Institutional investors own 36.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PYCR. Baird R W downgraded shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. JMP Securities restated a "market perform" rating on shares of Paycor HCM in a report on Thursday, February 6th. Citizens Jmp downgraded shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 9th. TD Cowen downgraded shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Monday, January 20th. Finally, Raymond James downgraded shares of Paycor HCM from a "moderate buy" rating to a "hold" rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $21.53.

Paycor HCM Stock Down 0.0 %

NASDAQ:PYCR traded down $0.01 on Friday, reaching $22.21. The stock had a trading volume of 1,133,142 shares, compared to its average volume of 2,063,299. The company has a market capitalization of $4.04 billion, a P/E ratio of -185.07, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $23.49. The stock has a fifty day moving average price of $21.27 and a 200-day moving average price of $17.26.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates 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%. Sell-side analysts predict that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.

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.