Cerity Partners LLC Has $632,000 Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

Cerity Partners LLC increased its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 79.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,026 shares of the company's stock after acquiring an additional 15,460 shares during the quarter. Cerity Partners LLC's holdings in Paycor HCM were worth $632,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Stifel Financial Corp lifted its position in shares of Paycor HCM by 7.8% in the third quarter. Stifel Financial Corp now owns 13,498 shares of the company's stock worth $192,000 after buying an additional 981 shares during the last quarter. MCF Advisors LLC bought a new position in shares of Paycor HCM in the 4th quarter valued at approximately $27,000. Swiss National Bank lifted its holdings in Paycor HCM by 1.0% in the 4th quarter. Swiss National Bank now owns 175,800 shares of the company's stock worth $3,265,000 after purchasing an additional 1,800 shares during the last quarter. Rhumbline Advisers boosted its position in Paycor HCM by 3.3% during the fourth quarter. Rhumbline Advisers now owns 79,936 shares of the company's stock worth $1,484,000 after purchasing an additional 2,527 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in Paycor HCM by 20.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 15,056 shares of the company's stock valued at $280,000 after purchasing an additional 2,554 shares during the last quarter. Hedge funds and other institutional investors own 36.76% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Needham & Company LLC downgraded shares of Paycor HCM from a "moderate buy" rating to a "hold" rating in a report on Wednesday, January 8th. Stephens reissued an "equal weight" rating and set a $22.50 target price (up previously from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. Truist Financial reaffirmed a "hold" rating and issued a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research report on Thursday, January 16th. TD Cowen cut Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 20th. Finally, Citizens Jmp lowered Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $21.53.

Paycor HCM Price Performance

NASDAQ:PYCR remained flat at $22.49 on Friday. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $23.49. The business's fifty day simple moving average is $22.39 and its 200-day simple moving average is $19.99. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of -187.40, a PEG ratio of 3.84 and a beta of 0.50.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share 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%. On average, equities analysts anticipate that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.

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.