Geode Capital Management LLC Buys 58,730 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Geode Capital Management LLC grew its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,413,576 shares of the company's stock after purchasing an additional 58,730 shares during the period. Geode Capital Management LLC owned approximately 0.78% of Paycor HCM worth $26,258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. MCF Advisors LLC purchased a new stake in shares of Paycor HCM in the 4th quarter valued at about $27,000. Blue Trust Inc. raised its stake in Paycor HCM by 869.3% in the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company's stock valued at $64,000 after purchasing an additional 3,086 shares in the last quarter. FMR LLC lifted its position in Paycor HCM by 93.9% during the third quarter. FMR LLC now owns 9,918 shares of the company's stock valued at $141,000 after purchasing an additional 4,804 shares during the last quarter. HighTower Advisors LLC purchased a new position in Paycor HCM in the 4th quarter worth approximately $190,000. Finally, Stifel Financial Corp increased its holdings in shares of Paycor HCM by 7.8% in the 3rd 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. Hedge funds and other institutional investors own 36.76% of the company's stock.

Paycor HCM Stock Performance

NASDAQ:PYCR remained flat at $22.49 during trading hours on Wednesday. The stock's 50 day moving average is $22.38 and its 200 day moving average is $19.91. The company 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, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $23.49.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last announced its quarterly 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, research analysts predict that Paycor HCM, Inc. will post 0.3 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on PYCR. Stephens reissued an "equal weight" rating and issued a $22.50 target price (up previously from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. Mizuho increased their price target on shares of Paycor HCM from $20.00 to $22.50 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. Raymond James lowered shares of Paycor HCM from a "moderate buy" rating to a "hold" rating in a report on Monday, January 13th. Citigroup upped their price target on shares of Paycor HCM from $21.00 to $22.50 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Finally, Truist Financial reaffirmed a "hold" rating and set a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $21.53.

About Paycor HCM

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.