ING Groep NV purchased a new position in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 325,200 shares of the company's stock, valued at approximately $4,615,000. ING Groep NV owned approximately 0.18% of Paycor HCM at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PYCR. CWM LLC boosted its holdings in shares of Paycor HCM by 950.7% in the second quarter. CWM LLC now owns 2,385 shares of the company's stock valued at $30,000 after acquiring an additional 2,158 shares during the period. International Assets Investment Management LLC grew its position 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 worth $42,000 after purchasing an additional 2,846 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Paycor HCM by 52.4% in the first 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 period. Quarry LP purchased a new stake in shares of Paycor HCM in the second quarter valued at about $69,000. Finally, Covestor Ltd raised its holdings in shares of Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company's stock valued at $76,000 after buying an additional 1,210 shares during the last quarter. 36.76% of the stock is owned by hedge funds and other institutional investors.
Paycor HCM Price Performance
Shares of PYCR stock traded down $0.70 during midday trading on Friday, reaching $16.40. 771,237 shares of the company traded hands, compared to its average volume of 941,460. The firm's 50 day simple moving average is $14.61 and its two-hundred day simple moving average is $13.74. The firm 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, Inc. has a 1-year low of $10.92 and a 1-year high of $22.65.
Paycor HCM (NASDAQ:PYCR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $161.14 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. Paycor HCM's revenue was up 17.7% on a year-over-year basis. As a group, research analysts anticipate that Paycor HCM, Inc. will post 0.25 earnings per share for the current fiscal year.
Insider Transactions at Paycor HCM
In other Paycor HCM 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 transaction of $52,196.46. Following the sale, the director now owns 21,218 shares in the company, valued at approximately $297,476.36. This represents a 14.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.39% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Stifel Nicolaus dropped their price target on Paycor HCM from $22.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Mizuho cut their price target on Paycor HCM from $19.00 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, July 23rd. Truist Financial lowered their price objective on shares of Paycor HCM from $33.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, August 13th. The Goldman Sachs Group cut their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Paycor HCM from $19.00 to $17.00 and set a "neutral" rating on the stock in a report on Thursday, August 15th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $19.06.
View Our Latest Research Report on PYCR
About Paycor HCM
(
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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