Norges Bank Purchases Shares of 995,421 Paycor HCM, Inc. (NASDAQ:PYCR)

Norges Bank acquired a new position in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 995,421 shares of the company's stock, valued at approximately $18,485,000. Norges Bank owned 0.55% of Paycor HCM as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. MCF Advisors LLC purchased a new position in shares of Paycor HCM during the fourth quarter valued at about $27,000. Blue Trust Inc. lifted its holdings in Paycor HCM by 869.3% in the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company's stock worth $64,000 after buying an additional 3,086 shares during the period. FMR LLC boosted its position in Paycor HCM by 93.9% during the 3rd quarter. FMR LLC now owns 9,918 shares of the company's stock valued at $141,000 after acquiring an additional 4,804 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Paycor HCM during the 4th quarter worth approximately $190,000. Finally, Stifel Financial Corp raised its position in shares of Paycor HCM by 7.8% in the 3rd 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. 36.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on PYCR. Truist Financial restated a "hold" rating and set a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research report on Thursday, January 16th. Needham & Company LLC downgraded shares of Paycor HCM from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Citigroup lifted their price target on shares of Paycor HCM from $21.00 to $22.50 and gave the company a "neutral" rating in a research report on Thursday, January 16th. TD Cowen cut shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Monday, January 20th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $22.50 target price (up from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $21.53.

Paycor HCM Trading Up 0.2 %

NASDAQ:PYCR traded up $0.04 during mid-day trading on Friday, reaching $22.49. The company's stock had a trading volume of 5,166,827 shares, compared to its average volume of 1,629,135. The stock has a market cap of $4.09 billion, a P/E ratio of -187.40, a PEG ratio of 3.84 and a beta of 0.50. The firm's fifty day moving average price is $22.33 and its two-hundred day moving average price is $19.49. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $23.49.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last released its quarterly earnings data 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%. Analysts predict that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal 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.