Arrowstreet Capital Limited Partnership Invests $1.31 Million in Paycor HCM, Inc. (NASDAQ:PYCR)

Arrowstreet Capital Limited Partnership purchased a new stake in shares of 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 (SEC). The firm purchased 70,539 shares of the company's stock, valued at approximately $1,310,000.

Other institutional investors also recently modified their holdings of the company. Pictet Asset Management Holding SA lifted its position in Paycor HCM by 20.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 15,056 shares of the company's stock worth $280,000 after acquiring an additional 2,554 shares during the last quarter. Norges Bank bought a new stake in Paycor HCM during the 4th quarter valued at approximately $18,485,000. Vanguard Group Inc. grew its holdings in Paycor HCM by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 7,454,003 shares of the company's stock valued at $138,421,000 after buying an additional 226,807 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Paycor HCM in the 4th quarter worth approximately $302,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Paycor HCM during the fourth quarter worth approximately $310,000. Institutional investors own 36.76% of the company's stock.

Paycor HCM Price Performance

Shares of PYCR remained flat at $22.49 during mid-day trading on Thursday. The firm has a 50-day moving average of $22.35 and a 200 day moving average of $19.63. Paycor HCM, Inc. has a 52 week low of $10.92 and a 52 week high of $23.49. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -187.40, a P/E/G ratio of 3.84 and a beta of 0.50.

Paycor HCM (NASDAQ:PYCR - Get Free Report) 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 positive return on equity of 4.28% and a negative net margin of 3.06%. Sell-side analysts anticipate that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PYCR. Citigroup upped their target price on shares of Paycor HCM from $21.00 to $22.50 and gave the company a "neutral" rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $22.50 target price (up from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. JMP Securities reissued a "market perform" rating on shares of Paycor HCM in a report on Thursday, February 6th. Mizuho raised their price objective on shares of Paycor HCM from $20.00 to $22.50 and gave the stock a "neutral" rating in a report on Wednesday, January 8th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $22.50 price target (down previously from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $21.53.

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.