Bank of New York Mellon Corp Has $5.70 Million Stock Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Bank of New York Mellon Corp decreased its position in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 45.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 307,147 shares of the company's stock after selling 253,467 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.17% of Paycor HCM worth $5,704,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hardy Reed LLC acquired a new position in Paycor HCM during the 4th quarter worth $259,000. Handelsbanken Fonder AB increased its stake in shares of Paycor HCM by 25.0% in the fourth quarter. Handelsbanken Fonder AB now owns 19,000 shares of the company's stock worth $353,000 after purchasing an additional 3,800 shares during the period. Ieq Capital LLC lifted its position in shares of Paycor HCM by 507.2% during the 4th quarter. Ieq Capital LLC now owns 102,220 shares of the company's stock worth $1,898,000 after purchasing an additional 85,385 shares during the last quarter. Alberta Investment Management Corp bought a new stake in Paycor HCM during the 4th quarter valued at approximately $1,744,000. Finally, TimesSquare Capital Management LLC boosted its stake in Paycor HCM by 24.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 793,261 shares of the company's stock valued at $14,731,000 after purchasing an additional 156,410 shares during the period. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Paycor HCM Price Performance

Shares of PYCR traded down $0.01 during trading hours on Thursday, hitting $22.39. The stock had a trading volume of 529,746 shares, compared to its average volume of 1,440,846. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of -186.53, a P/E/G ratio of 3.84 and a beta of 0.53. The company's fifty day moving average is $22.21 and its two-hundred day moving average is $18.41. Paycor HCM, Inc. has a 52 week low of $10.92 and a 52 week high of $23.49.

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Paycor HCM (NASDAQ:PYCR - Get Free Report) last posted 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%. Equities analysts predict that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Baird R W lowered Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Robert W. Baird reiterated a "neutral" rating and set a $22.50 target price (down from $28.00) on shares of Paycor HCM in a research note on Friday, February 7th. Citigroup raised their price target on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Stephens reaffirmed an "equal weight" rating and set a $22.50 price objective (up previously from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. Finally, Raymond James downgraded Paycor HCM from a "moderate buy" rating to a "hold" rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. According to 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.