Granite Investment Partners LLC Sells 96,300 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Granite Investment Partners LLC decreased its position in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,522,098 shares of the company's stock after selling 96,300 shares during the quarter. Paycor HCM accounts for 1.2% of Granite Investment Partners LLC's portfolio, making the stock its 16th largest position. Granite Investment Partners LLC owned about 0.84% of Paycor HCM worth $28,265,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp grew its holdings in shares of Paycor HCM by 7.8% during the 3rd quarter. Stifel Financial Corp now owns 13,498 shares of the company's stock valued at $192,000 after purchasing an additional 981 shares during the last quarter. MCF Advisors LLC bought a new position in shares of Paycor HCM during the fourth quarter valued at about $27,000. Swiss National Bank increased its holdings in shares of Paycor HCM by 1.0% in the fourth quarter. Swiss National Bank now owns 175,800 shares of the company's stock worth $3,265,000 after buying an additional 1,800 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Paycor HCM by 71.4% in the 4th quarter. Sterling Capital Management LLC now owns 4,502 shares of the company's stock valued at $84,000 after acquiring an additional 1,875 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Paycor HCM by 3.3% during the 4th quarter. Rhumbline Advisers now owns 79,936 shares of the company's stock valued at $1,484,000 after acquiring an additional 2,527 shares during the period. 36.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PYCR shares. Truist Financial reaffirmed a "hold" rating and issued a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. Stephens reissued an "equal weight" rating and set a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. JMP Securities restated a "market perform" rating on shares of Paycor HCM in a research report on Thursday, February 6th. BMO Capital Markets reiterated a "market perform" rating and set a $22.50 target price (down from $24.00) on shares of Paycor HCM in a report on Wednesday, January 8th. Finally, Robert W. Baird restated a "neutral" rating and set a $22.50 price target (down previously from $28.00) on shares of Paycor HCM in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $21.53.

Paycor HCM Price Performance

Paycor HCM stock remained flat at $22.49 during trading hours on Friday. The stock has a fifty day moving average price of $22.36 and a 200-day moving average price of $19.69. The stock has a market cap 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 1 year low of $10.92 and a 1 year high of $23.49.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.07 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%. On average, analysts anticipate that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.

Paycor HCM Company Profile

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.