Fox Run Management L.L.C. acquired a new position in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,261 shares of the company's stock, valued at approximately $302,000.
Other large investors also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC raised its holdings in shares of Paycor HCM by 23.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company's stock valued at $128,772,000 after acquiring an additional 1,333,170 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Paycor HCM by 1,738.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 573,870 shares of the company's stock valued at $10,657,000 after purchasing an additional 542,659 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Paycor HCM in the fourth quarter valued at approximately $8,216,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Paycor HCM by 92.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 620,012 shares of the company's stock worth $11,514,000 after buying an additional 298,508 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in Paycor HCM by 57.3% in the 4th quarter. Fifth Third Bancorp now owns 476,874 shares of the company's stock worth $8,856,000 after buying an additional 173,752 shares in the last quarter. Institutional investors own 36.76% of the company's stock.
Paycor HCM Price Performance
NASDAQ:PYCR traded up $0.03 during mid-day trading on Tuesday, reaching $22.47. 978,019 shares of the company's stock traded hands, compared to its average volume of 1,483,965. The company has a 50 day moving average price of $22.27 and a 200-day moving average price of $18.97. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of -187.23, a PEG ratio of 3.84 and a beta of 0.53. 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 earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, analysts forecast that Paycor HCM, Inc. will post 0.3 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have recently issued reports on PYCR. Citigroup lifted their price objective on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Truist Financial reaffirmed a "hold" rating and set a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. Baird R W lowered Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. BMO Capital Markets restated a "market perform" rating and issued a $22.50 target price (down previously from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. Finally, TD Cowen cut shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 20th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $21.53.
Read Our Latest Analysis on PYCR
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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