New York State Common Retirement Fund grew its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 47.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 224,968 shares of the company's stock after buying an additional 72,834 shares during the quarter. New York State Common Retirement Fund owned 0.13% of Paycor HCM worth $4,178,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of PYCR. Conestoga Capital Advisors LLC increased its position in Paycor HCM by 23.8% during the 4th quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company's stock valued at $128,772,000 after buying an additional 1,333,170 shares in the last quarter. Franklin Resources Inc. grew its stake in Paycor HCM by 2.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company's stock valued at $23,220,000 after acquiring an additional 46,127 shares during the period. Geode Capital Management LLC raised its position in shares of Paycor HCM by 10.9% during the 3rd 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 last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Paycor HCM by 8.1% during the third quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company's stock valued at $16,478,000 after acquiring an additional 86,745 shares during the last quarter. Finally, State Street Corp lifted its holdings in Paycor HCM by 5.2% in the 3rd quarter. State Street Corp now owns 1,111,032 shares of the company's stock valued at $15,766,000 after purchasing an additional 54,834 shares in the last quarter. 36.76% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on PYCR. Robert W. Baird reiterated a "neutral" rating and set a $22.50 price target (down from $28.00) on shares of Paycor HCM in a report on Friday, February 7th. Citizens Jmp lowered Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 9th. Citigroup lifted their target price on Paycor HCM from $21.00 to $22.50 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Needham & Company LLC downgraded Paycor HCM from a "moderate buy" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, Baird R W cut Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Paycor HCM presently has a consensus rating of "Hold" and an average target price of $21.53.
View Our Latest Stock Report on Paycor HCM
Paycor HCM Stock Up 0.1 %
PYCR traded up $0.03 during trading on Tuesday, reaching $22.37. The stock had a trading volume of 1,933,082 shares, compared to its average volume of 1,383,009. The stock has a 50 day moving average of $21.58 and a two-hundred day moving average of $17.75. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of -186.36, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $23.49.
Paycor HCM (NASDAQ:PYCR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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%. On average, research analysts forecast that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.
About Paycor HCM
(
Free Report)
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.
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