KLP Kapitalforvaltning AS Takes $310,000 Position in Paycor HCM, Inc. (NASDAQ:PYCR)

KLP Kapitalforvaltning AS purchased a new position in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,700 shares of the company's stock, valued at approximately $310,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PYCR. Conestoga Capital Advisors LLC lifted its holdings in Paycor HCM by 23.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company's stock worth $128,772,000 after purchasing an additional 1,333,170 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Paycor HCM by 1,738.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 573,870 shares of the company's stock worth $10,657,000 after buying an additional 542,659 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Paycor HCM during the fourth quarter worth $8,216,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Paycor HCM by 92.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 620,012 shares of the company's stock worth $11,514,000 after acquiring an additional 298,508 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in Paycor HCM by 57.3% during the fourth quarter. Fifth Third Bancorp now owns 476,874 shares of the company's stock valued at $8,856,000 after acquiring an additional 173,752 shares in the last quarter. 36.76% of the stock is owned by institutional investors.

Paycor HCM Stock Down 0.2 %

PYCR traded down $0.04 during trading hours on Thursday, reaching $22.45. 2,395,603 shares of the company's stock traded hands, compared to its average volume of 1,610,909. The firm has a 50-day moving average price of $22.32 and a 200 day moving average price of $19.43. The firm has a market capitalization of $4.08 billion, a PE ratio of -187.07, a PEG ratio of 3.84 and a beta of 0.50. Paycor HCM, Inc. has a 52-week low of $10.92 and a 52-week 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Equities analysts predict that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. reissued an "underweight" rating and set a $22.50 price objective (up previously from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. Stifel Nicolaus raised their price target on Paycor HCM from $22.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. TD Cowen cut Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Monday, January 20th. 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 research report on Wednesday, January 8th. Finally, Baird R W cut shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $21.53.

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.