Paycor HCM, Inc. (NASDAQ:PYCR) Stock Holdings Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 98.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,211 shares of the company's stock after selling 1,505,692 shares during the period. Allspring Global Investments Holdings LLC's holdings in Paycor HCM were worth $443,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CWM LLC lifted its position in 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 purchasing an additional 2,158 shares during the period. Advisors Asset Management Inc. lifted its position 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 acquired a new stake in Paycor HCM in the second quarter valued at about $69,000. HighMark Wealth Management LLC lifted its position in Paycor HCM by 100.0% in the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company's stock valued at $98,000 after purchasing an additional 3,865 shares during the period. Finally, nVerses Capital LLC acquired a new stake in Paycor HCM in the second quarter valued at about $123,000. Institutional investors and hedge funds own 36.76% of the company's stock.

Insider Activity at Paycor HCM

In related 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.39% of the company's stock.

Paycor HCM Price Performance

PYCR stock traded up $0.39 during midday trading on Friday, hitting $15.48. The stock had a trading volume of 1,257,983 shares, compared to its average volume of 701,357. The firm has a market cap of $2.77 billion, a PE ratio of -45.53, a price-to-earnings-growth ratio of 4.68 and a beta of 0.42. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $22.65. The company's 50-day moving average price is $14.06 and its 200 day moving average price is $13.75.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last announced 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 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 for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.01) EPS. As a group, sell-side analysts anticipate that Paycor HCM, Inc. will post 0.25 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on PYCR shares. BTIG Research reduced their price objective on shares of Paycor HCM from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. Truist Financial dropped their target price on shares of Paycor HCM from $33.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, August 13th. Stephens began coverage on shares of Paycor HCM in a report on Wednesday, October 16th. They issued an "overweight" rating and a $18.00 target price for the company. Citigroup increased their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Finally, Mizuho dropped their target price 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Paycor HCM has an average rating of "Moderate Buy" and a consensus target price of $19.56.

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.