GSA Capital Partners LLP Has $1.24 Million Stock Position in Paycor HCM, Inc. (NASDAQ:PYCR)

GSA Capital Partners LLP boosted its position in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 75.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,529 shares of the company's stock after buying an additional 37,691 shares during the quarter. GSA Capital Partners LLP's holdings in Paycor HCM were worth $1,242,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC increased its position in shares of Paycor HCM by 950.7% during the 2nd quarter. CWM LLC now owns 2,385 shares of the company's stock worth $30,000 after purchasing an additional 2,158 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in 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 valued at $42,000 after purchasing an additional 2,846 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Paycor HCM by 52.4% during the 1st quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company's stock valued at $67,000 after purchasing an additional 1,178 shares during the last quarter. Quarry LP acquired a new stake in Paycor HCM during the 2nd quarter valued at $69,000. Finally, Covestor Ltd lifted its holdings in Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company's stock valued at $76,000 after purchasing an additional 1,210 shares during the last quarter. Institutional investors and hedge funds own 36.76% of the company's stock.

Paycor HCM Trading Down 4.1 %

Paycor HCM stock traded down $0.70 during midday trading on Friday, reaching $16.40. The company's stock had a trading volume of 771,236 shares, compared to its average volume of 941,460. Paycor HCM, Inc. has a 52 week low of $10.92 and a 52 week high of $22.65. The business has a 50-day moving average price of $14.55 and a 200-day moving average price of $13.75. The stock has a market cap of $2.95 billion, a PE ratio of -63.08, a price-to-earnings-growth ratio of 4.88 and a beta of 0.42.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. Paycor HCM had a positive return on equity of 3.41% and a negative net margin of 6.72%. The firm had revenue of $164.80 million for the quarter, compared to analyst estimates of $161.14 million. During the same period last year, the firm posted ($0.01) earnings per share. The business's revenue for the quarter was up 17.7% on a year-over-year basis. As a group, research analysts predict that Paycor HCM, Inc. will post 0.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on PYCR. Citigroup raised their price target on Paycor HCM from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. The Goldman Sachs Group lowered their price objective on Paycor HCM from $19.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, August 16th. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of Paycor HCM in a research report on Thursday, November 7th. BTIG Research lowered their price objective on Paycor HCM from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Finally, JPMorgan Chase & Co. lowered their price objective on Paycor HCM from $19.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, August 15th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Paycor HCM has an average rating of "Hold" and a consensus target price of $19.06.

Insider Activity

In other news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total transaction of $52,196.46. Following the sale, the director now directly owns 21,218 shares of the company's stock, valued at approximately $297,476.36. This trade represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.39% of the company's stock.

Paycor HCM 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.