Neo Ivy Capital Management Purchases New Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

Neo Ivy Capital Management bought a new position in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 64,336 shares of the company's stock, valued at approximately $912,000.

Several other hedge funds have also added to or reduced their stakes in PYCR. Geode Capital Management LLC raised its position in shares of Paycor HCM by 10.9% during the third quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company's stock worth $19,231,000 after purchasing an additional 132,662 shares during the period. Barclays PLC raised its holdings in Paycor HCM by 50.8% during the 3rd quarter. Barclays PLC now owns 23,991 shares of the company's stock worth $340,000 after buying an additional 8,079 shares during the period. XTX Topco Ltd lifted its stake in Paycor HCM by 27.7% in the third quarter. XTX Topco Ltd now owns 22,325 shares of the company's stock valued at $317,000 after buying an additional 4,845 shares in the last quarter. State Street Corp boosted its holdings in shares of Paycor HCM by 5.2% in the third quarter. State Street Corp now owns 1,111,032 shares of the company's stock valued at $15,766,000 after buying an additional 54,834 shares during the period. Finally, Stifel Financial Corp increased its position in shares of Paycor HCM by 7.8% during the third quarter. Stifel Financial Corp now owns 13,498 shares of the company's stock worth $192,000 after acquiring an additional 981 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company's stock.

Insider Buying and Selling at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the firm's stock in a transaction that occurred 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 directly owns 21,218 shares of the company's stock, valued at approximately $297,476.36. This trade represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.39% of the company's stock.

Paycor HCM Stock Up 3.4 %

Shares of Paycor HCM stock traded up $0.66 on Thursday, hitting $20.25. The stock had a trading volume of 1,097,907 shares, compared to its average volume of 938,805. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of -77.88, a price-to-earnings-growth ratio of 4.60 and a beta of 0.51. The business's 50 day moving average is $16.23 and its two-hundred day moving average is $14.13. Paycor HCM, Inc. has a twelve month low of $10.92 and a twelve month high of $22.65.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. BMO Capital Markets upgraded Paycor HCM from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $19.00 to $24.00 in a report on Thursday. Stifel Nicolaus dropped their target price on Paycor HCM from $22.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. Stephens initiated coverage on Paycor HCM in a research note on Wednesday, October 16th. They issued an "overweight" rating and a $18.00 price target for the company. Jefferies Financial Group raised their target price on shares of Paycor HCM from $13.00 to $15.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price target on shares of Paycor HCM in a research report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Paycor HCM presently has an average rating of "Moderate Buy" and a consensus price target of $19.88.

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.