Invesco Ltd. Raises Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Invesco Ltd. increased its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,799,281 shares of the company's stock after purchasing an additional 106,628 shares during the period. Invesco Ltd. owned approximately 1.54% of Paycor HCM worth $51,983,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. MCF Advisors LLC acquired a new position in shares of Paycor HCM in the fourth quarter valued at approximately $27,000. Blue Trust Inc. boosted its position in shares of Paycor HCM by 869.3% during the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company's stock worth $64,000 after buying an additional 3,086 shares during the period. FMR LLC raised its position in Paycor HCM by 93.9% in the 3rd quarter. FMR LLC now owns 9,918 shares of the company's stock valued at $141,000 after buying an additional 4,804 shares during the last quarter. HighTower Advisors LLC bought a new stake in Paycor HCM in the 4th quarter valued at approximately $190,000. Finally, Stifel Financial Corp raised its holdings in shares of Paycor HCM by 7.8% in the third 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. 36.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PYCR shares. TD Cowen downgraded shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 20th. Stephens restated an "equal weight" rating and set a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. Robert W. Baird reiterated a "neutral" rating and issued a $22.50 price target (down previously from $28.00) on shares of Paycor HCM in a research note on Friday, February 7th. Needham & Company LLC downgraded shares of Paycor HCM from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Finally, Citigroup lifted their price target on Paycor HCM from $21.00 to $22.50 and gave the stock a "neutral" rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $21.53.

Paycor HCM Price Performance

Shares of NASDAQ:PYCR remained flat at $22.49 during midday trading on Monday. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $23.49. The stock has a 50 day moving average price of $22.36 and a 200 day moving average price of $19.83. The company 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 (NASDAQ:PYCR - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.28% and a negative net margin of 3.06%. On average, equities research analysts forecast that Paycor HCM, Inc. will post 0.3 earnings per share for the current year.

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.