Paycor HCM, Inc. (NASDAQ:PYCR) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. raised its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 336.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 192,401 shares of the company's stock after purchasing an additional 148,301 shares during the quarter. Point72 Asset Management L.P. owned 0.11% of Paycor HCM worth $2,730,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PYCR. Centiva Capital LP boosted its position in shares of Paycor HCM by 38.2% during the third quarter. Centiva Capital LP now owns 41,133 shares of the company's stock worth $584,000 after acquiring an additional 11,376 shares during the last quarter. Captrust Financial Advisors increased its holdings in Paycor HCM by 23.3% during the 3rd quarter. Captrust Financial Advisors now owns 25,543 shares of the company's stock worth $362,000 after purchasing an additional 4,829 shares during the period. Rockefeller Capital Management L.P. raised its position in Paycor HCM by 8.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company's stock valued at $16,478,000 after purchasing an additional 86,745 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Paycor HCM by 16.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company's stock valued at $3,450,000 after purchasing an additional 34,336 shares in the last quarter. Finally, FMR LLC lifted its holdings in Paycor HCM by 93.9% during the third quarter. FMR LLC now owns 9,918 shares of the company's stock worth $141,000 after buying an additional 4,804 shares during the period. Hedge funds and other institutional investors own 36.76% of the company's stock.

Paycor HCM Trading Up 1.3 %

Shares of PYCR stock traded up $0.24 during trading hours on Tuesday, hitting $19.38. The company's stock had a trading volume of 603,695 shares, compared to its average volume of 937,628. The stock has a market cap of $3.48 billion, a PE ratio of -75.15, a price-to-earnings-growth ratio of 4.60 and a beta of 0.51. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $22.65. The company has a 50 day moving average of $15.88 and a 200 day moving average of $14.01.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Needham & Company LLC reissued a "buy" rating and issued a $20.00 price target on shares of Paycor HCM in a research report on Friday, November 22nd. UBS Group decreased their price target on shares of Paycor HCM from $18.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, August 16th. JPMorgan Chase & Co. cut their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, August 15th. Stephens began coverage on shares of Paycor HCM in a research report on Wednesday, October 16th. They set an "overweight" rating and a $18.00 target price for the company. Finally, Jefferies Financial Group lifted their price target on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $19.56.

Insider Buying and Selling at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the business's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the completion of the transaction, the director now owns 21,218 shares of the company's stock, valued at $297,476.36. The trade was a 14.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.39% of the stock is owned by corporate insiders.

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.