Whittier Trust Co. Purchases Shares of 56,337 Paycor HCM, Inc. (NASDAQ:PYCR)

Whittier Trust Co. bought a new stake in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 56,337 shares of the company's stock, valued at approximately $799,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC grew its stake in 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 buying an additional 2,158 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Paycor HCM by 52.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company's stock valued at $67,000 after buying an additional 1,178 shares during the last quarter. Quarry LP acquired a new position in Paycor HCM in the 2nd quarter valued at about $69,000. HighMark Wealth Management LLC grew its stake in Paycor HCM by 100.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company's stock valued at $98,000 after buying an additional 3,865 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Paycor HCM in the 2nd quarter valued at about $123,000. 36.76% of the stock is owned by institutional investors.

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the transaction, the director now owns 21,218 shares in the company, valued at approximately $297,476.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.39% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on PYCR. Stifel Nicolaus decreased their price target on shares of Paycor HCM from $22.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Jefferies Financial Group increased their target price on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a "hold" rating in a research report on Tuesday. BTIG Research decreased their target price on shares of Paycor HCM from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. JPMorgan Chase & Co. decreased their target price on shares of Paycor HCM from $19.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, August 15th. Finally, Citigroup increased their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Paycor HCM has a consensus rating of "Moderate Buy" and an average price target of $19.56.

Paycor HCM Price Performance

Shares of NASDAQ:PYCR traded up $0.21 during mid-day trading on Thursday, reaching $14.31. 593,241 shares of the company's stock were exchanged, compared to its average volume of 934,833. The business's fifty day moving average price is $13.96 and its 200-day moving average price is $13.90. Paycor HCM, Inc. has a twelve month low of $10.92 and a twelve month high of $22.99.

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

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.