Trust Point Inc. Has $383,000 Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

Trust Point Inc. cut its holdings in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 60.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,637 shares of the company's stock after selling 31,667 shares during the quarter. Trust Point Inc.'s holdings in Paycor HCM were worth $383,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PYCR. Conestoga Capital Advisors LLC raised its position in shares of Paycor HCM by 23.8% during the fourth quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company's stock worth $128,772,000 after purchasing an additional 1,333,170 shares during the period. ING Groep NV bought a new position in shares of Paycor HCM during the 3rd quarter worth approximately $4,615,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Paycor HCM by 1,047.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 321,504 shares of the company's stock worth $4,562,000 after purchasing an additional 293,487 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Paycor HCM by 57.3% in the 4th quarter. Fifth Third Bancorp now owns 476,874 shares of the company's stock valued at $8,856,000 after buying an additional 173,752 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Paycor HCM by 336.3% in the third quarter. Point72 Asset Management L.P. now owns 192,401 shares of the company's stock valued at $2,730,000 after buying an additional 148,301 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company's stock.

Analyst Ratings Changes

PYCR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $22.50 target price (up from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. Needham & Company LLC downgraded Paycor HCM from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Baird R W lowered Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Friday. Jefferies Financial Group lifted their target price on Paycor HCM from $13.00 to $15.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus upped their price target on shares of Paycor HCM from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Paycor HCM currently has a consensus rating of "Hold" and a consensus target price of $21.53.

Paycor HCM Stock Down 0.1 %

PYCR traded down $0.02 during trading on Friday, hitting $22.14. 1,420,167 shares of the stock traded hands, compared to its average volume of 2,803,932. The business has a 50 day moving average price of $20.68 and a 200 day moving average price of $16.61. Paycor HCM, Inc. has a twelve month low of $10.92 and a twelve month high of $23.49.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.29%. Research analysts forecast that Paycor HCM, Inc. will post 0.29 EPS for the current fiscal year.

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.