Charles Schwab Investment Management Inc. increased its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 28.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 488,779 shares of the company's stock after acquiring an additional 108,602 shares during the period. Charles Schwab Investment Management Inc. owned 0.27% of Paycor HCM worth $6,936,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in PYCR. Prevail Innovative Wealth Advisors LLC grew its holdings in Paycor HCM by 434.5% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company's stock valued at $1,511,000 after purchasing an additional 96,736 shares during the last quarter. ING Groep NV bought a new stake in shares of Paycor HCM during the 3rd quarter worth $4,615,000. Principal Financial Group Inc. acquired a new position in Paycor HCM in the 3rd quarter valued at $962,000. GSA Capital Partners LLP raised its holdings in Paycor HCM by 75.6% in the 3rd quarter. GSA Capital Partners LLP now owns 87,529 shares of the company's stock worth $1,242,000 after acquiring an additional 37,691 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Paycor HCM in the 2nd quarter worth $560,000. 36.76% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on PYCR. BMO Capital Markets upgraded shares of Paycor HCM from a "market perform" rating to an "outperform" rating and upped their price target for the company from $19.00 to $24.00 in a report on Thursday. BTIG Research decreased their target price on Paycor HCM from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. Stifel Nicolaus dropped their price target on Paycor HCM from $22.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. TD Cowen raised Paycor HCM from a "hold" rating to a "buy" rating and increased their price objective for the company from $18.00 to $22.00 in a research report on Monday, December 2nd. Finally, Citigroup raised their price objective on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 25th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $19.88.
Get Our Latest Research Report on Paycor HCM
Insider Transactions at Paycor HCM
In other news, Director Jeremy Rishel sold 3,723 shares of the company's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the sale, the director now owns 21,218 shares of the company's stock, valued at approximately $297,476.36. This represents a 14.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.39% of the stock is currently owned by insiders.
Paycor HCM Stock Up 3.4 %
PYCR traded up $0.66 during midday trading on Thursday, reaching $20.25. 1,097,907 shares of the company's stock were exchanged, compared to its average volume of 938,805. The business has a 50-day simple moving average of $16.23 and a two-hundred day simple moving average of $14.13. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of -77.88, a price-to-earnings-growth ratio of 4.60 and a beta of 0.51. Paycor HCM, Inc. has a one year low of $10.92 and a one year high of $22.65.
Paycor HCM Profile
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Free Report)
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.
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