Holocene Advisors LP Sells 249,381 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Holocene Advisors LP cut its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 85.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 43,249 shares of the company's stock after selling 249,381 shares during the period. Holocene Advisors LP's holdings in Paycor HCM were worth $614,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prevail Innovative Wealth Advisors LLC lifted its stake in shares of Paycor HCM by 434.5% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company's stock worth $1,511,000 after buying an additional 96,736 shares in the last quarter. ING Groep NV purchased a new stake in shares of Paycor HCM during the 3rd quarter worth approximately $4,615,000. Principal Financial Group Inc. acquired a new position in shares of Paycor HCM in the 3rd quarter valued at $962,000. GSA Capital Partners LLP boosted its position in shares of Paycor HCM by 75.6% in the 3rd quarter. GSA Capital Partners LLP now owns 87,529 shares of the company's stock worth $1,242,000 after buying an additional 37,691 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Paycor HCM in the 2nd quarter worth about $560,000. 36.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on PYCR shares. The Goldman Sachs Group upped their target price on shares of Paycor HCM from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. reduced their price target on Paycor HCM from $19.00 to $17.00 and set a "neutral" rating for the company in a report on Thursday, August 15th. UBS Group dropped their price objective on Paycor HCM from $18.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, August 16th. BMO Capital Markets upped their price objective on Paycor HCM from $15.00 to $19.00 and gave the company a "market perform" rating in a report on Thursday, November 7th. Finally, Truist Financial dropped their price objective on Paycor HCM from $33.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, August 13th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $19.56.

Insider Activity

In related news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.39% of the company's stock.

Paycor HCM Price Performance

Shares of NASDAQ PYCR remained flat at $19.20 during trading hours on Friday. The stock had a trading volume of 1,150,232 shares, compared to its average volume of 892,629. The company has a market capitalization of $3.45 billion, a PE ratio of -73.85, a price-to-earnings-growth ratio of 4.60 and a beta of 0.51. Paycor HCM, Inc. has a 52-week low of $10.92 and a 52-week high of $22.65. The firm's 50 day moving average is $15.78 and its 200 day moving average is $13.97.

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.