Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 92.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 620,012 shares of the company's stock after acquiring an additional 298,508 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.34% of Paycor HCM worth $11,514,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. MCF Advisors LLC acquired a new stake in Paycor HCM during the 4th quarter worth approximately $27,000. Blue Trust Inc. increased its position in shares of Paycor HCM by 869.3% in the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company's stock worth $64,000 after acquiring an additional 3,086 shares in the last quarter. FMR LLC raised its stake in shares of Paycor HCM by 93.9% in the 3rd quarter. FMR LLC now owns 9,918 shares of the company's stock valued at $141,000 after acquiring an additional 4,804 shares during the period. HighTower Advisors LLC acquired a new position in shares of Paycor HCM during the 4th quarter valued at $190,000. Finally, Stifel Financial Corp boosted its position in Paycor HCM by 7.8% during the 3rd quarter. Stifel Financial Corp now owns 13,498 shares of the company's stock worth $192,000 after purchasing an additional 981 shares during the period. 36.76% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. TD Cowen lowered Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 20th. Citigroup boosted their price target on Paycor HCM from $21.00 to $22.50 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. The Goldman Sachs Group increased their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $22.50 target price (up from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC downgraded shares of Paycor HCM from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Paycor HCM presently has a consensus rating of "Hold" and a consensus target price of $21.53.
Check Out Our Latest Analysis on Paycor HCM
Paycor HCM Price Performance
PYCR traded down $0.03 during trading hours on Wednesday, hitting $22.39. 2,226,655 shares of the stock were exchanged, compared to its average volume of 1,439,398. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of -186.57, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53. The stock has a 50-day simple moving average of $22.21 and a 200-day simple moving average of $18.38. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $23.49.
Paycor HCM (NASDAQ:PYCR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 expect that Paycor HCM, Inc. will post 0.3 EPS for the current year.
Paycor HCM Company 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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