1,298,113 Shares in Paycor HCM, Inc. (NASDAQ:PYCR) Purchased by Next Century Growth Investors LLC

Next Century Growth Investors LLC purchased a new position in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,298,113 shares of the company's stock, valued at approximately $24,106,000. Paycor HCM makes up 1.8% of Next Century Growth Investors LLC's holdings, making the stock its 9th biggest holding. Next Century Growth Investors LLC owned about 0.71% of Paycor HCM at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. MCF Advisors LLC acquired a new position in Paycor HCM in the fourth quarter valued at about $27,000. Blue Trust Inc. increased its holdings in Paycor HCM by 869.3% in the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company's stock valued at $64,000 after buying an additional 3,086 shares during the period. Sterling Capital Management LLC raised its position in shares of Paycor HCM by 71.4% in the 4th quarter. Sterling Capital Management LLC now owns 4,502 shares of the company's stock valued at $84,000 after buying an additional 1,875 shares in the last quarter. FMR LLC lifted its holdings in shares of Paycor HCM by 93.9% during the 3rd quarter. FMR LLC now owns 9,918 shares of the company's stock worth $141,000 after acquiring an additional 4,804 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of Paycor HCM during the 4th quarter worth approximately $190,000. Institutional investors own 36.76% of the company's stock.

Paycor HCM Stock Performance

Paycor HCM stock remained flat at $22.49 during trading hours on Thursday. The company's fifty day simple moving average is $22.35 and its two-hundred day simple moving average is $19.63. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $23.49. The company has a market cap of $4.09 billion, a PE ratio of -187.40, a price-to-earnings-growth ratio of 3.84 and a beta of 0.50.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.28% and a negative net margin of 3.06%. As a group, analysts anticipate that Paycor HCM, Inc. will post 0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

PYCR has been the subject of several recent analyst reports. Truist Financial restated a "hold" rating and set a $22.50 target price (up from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. BMO Capital Markets restated a "market perform" rating and set a $22.50 price objective (down from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. Raymond James cut Paycor HCM from a "moderate buy" rating to a "hold" rating in a research report on Monday, January 13th. Citizens Jmp downgraded shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 9th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $22.50 price objective (down from $28.00) on shares of Paycor HCM in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $21.53.

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.