Bank of Montreal Can Purchases 50,165 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Bank of Montreal Can lifted its position in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 144.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,797 shares of the company's stock after purchasing an additional 50,165 shares during the quarter. Bank of Montreal Can's holdings in Paycor HCM were worth $1,079,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its stake in shares of Paycor HCM by 950.7% in the 2nd quarter. CWM LLC now owns 2,385 shares of the company's stock valued at $30,000 after purchasing an additional 2,158 shares during the period. Advisors Asset Management Inc. raised its stake in Paycor HCM by 52.4% during the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company's stock worth $67,000 after acquiring an additional 1,178 shares in the last quarter. HighMark Wealth Management LLC lifted its holdings in shares of Paycor HCM by 100.0% during the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company's stock valued at $98,000 after acquiring an additional 3,865 shares during the period. nVerses Capital LLC acquired a new stake in shares of Paycor HCM in the 2nd quarter valued at $123,000. Finally, Choreo LLC bought a new stake in shares of Paycor HCM in the 2nd quarter worth about $150,000. 36.76% of the stock is owned by institutional investors.

Paycor HCM Stock Performance

Paycor HCM stock traded down $0.36 during midday trading on Monday, reaching $13.53. The stock had a trading volume of 507,859 shares, compared to its average volume of 952,502. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $25.48. The stock has a market capitalization of $2.41 billion, a P/E ratio of -33.32, a price-to-earnings-growth ratio of 4.37 and a beta of 0.44. The firm's fifty day simple moving average is $13.57 and its 200-day simple moving average is $14.34.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The firm had revenue of $164.80 million during the quarter, compared to the consensus estimate of $161.14 million. Paycor HCM had a positive return on equity of 2.98% and a negative net margin of 9.00%. The business's revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company earned ($0.01) earnings per share. On average, sell-side analysts anticipate that Paycor HCM, Inc. will post 0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. BTIG Research cut their price target on shares of Paycor HCM from $26.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, August 15th. JPMorgan Chase & Co. dropped their price target on shares of Paycor HCM from $19.00 to $17.00 and set a "neutral" rating for the company in a research note on Thursday, August 15th. Stifel Nicolaus reduced 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. BMO Capital Markets restated a "market perform" rating and set a $20.00 target price on shares of Paycor HCM in a research report on Tuesday, June 11th. Finally, Mizuho decreased their price objective on shares of Paycor HCM from $19.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, July 23rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Paycor HCM has a consensus rating of "Hold" and a consensus price target of $19.40.

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.