Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 1,047.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 321,504 shares of the company's stock after purchasing an additional 293,487 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.18% of Paycor HCM worth $4,562,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of PYCR. CWM LLC grew its stake in Paycor HCM by 950.7% in the 2nd quarter. CWM LLC now owns 2,385 shares of the company's stock valued at $30,000 after buying an additional 2,158 shares during the last quarter. International Assets Investment Management LLC lifted 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 acquiring an additional 2,846 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Paycor HCM by 52.4% during the 1st quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company's stock worth $67,000 after acquiring an additional 1,178 shares during the period. Quarry LP bought a new position in shares of Paycor HCM during the 2nd quarter worth about $69,000. Finally, Covestor Ltd lifted its holdings in shares of Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company's stock worth $76,000 after acquiring an additional 1,210 shares during the period. Institutional investors and hedge funds own 36.76% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently issued reports on PYCR shares. Needham & Company LLC reissued a "buy" rating and set a $20.00 price target on shares of Paycor HCM in a report on Friday. TD Cowen lifted their price target on shares of Paycor HCM from $15.00 to $18.00 and gave the company a "hold" rating in a report on Thursday, November 7th. BTIG Research cut their price target on shares of Paycor HCM from $26.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, August 15th. JPMorgan Chase & Co. cut their price target on shares of Paycor HCM from $19.00 to $17.00 and set a "neutral" rating for the company in a report on Thursday, August 15th. Finally, Citigroup lifted their price target on shares of Paycor HCM from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Paycor HCM presently has a consensus rating of "Hold" and a consensus target price of $19.06.
Check Out Our Latest Stock Analysis on Paycor HCM
Insider Buying and Selling
In related news, Director Jeremy Rishel sold 3,723 shares of the company's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the completion of the transaction, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.39% of the stock is owned by insiders.
Paycor HCM Stock Performance
NASDAQ:PYCR traded up $0.35 during mid-day trading on Friday, hitting $17.48. The company had a trading volume of 785,875 shares, compared to its average volume of 1,002,382. The firm has a market cap of $3.14 billion, a P/E ratio of -67.23, a P/E/G ratio of 4.20 and a beta of 0.42. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $22.65. The business's fifty day moving average is $14.88 and its two-hundred day moving average is $13.67.
About Paycor HCM
(
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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