Paycor HCM, Inc. (NASDAQ:PYCR) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 171.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 184,073 shares of the company's stock after purchasing an additional 116,262 shares during the period. Principal Financial Group Inc. owned approximately 0.10% of Paycor HCM worth $3,418,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PYCR. Creative Planning increased its stake in Paycor HCM by 115.9% in the 3rd quarter. Creative Planning now owns 26,889 shares of the company's stock valued at $382,000 after buying an additional 14,437 shares during the period. International Assets Investment Management LLC boosted its holdings in Paycor HCM by 1,923.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company's stock valued at $42,000 after purchasing an additional 2,846 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Paycor HCM during the 3rd quarter worth approximately $157,000. US Bancorp DE raised its stake in shares of Paycor HCM by 46.0% during the 3rd quarter. US Bancorp DE now owns 16,558 shares of the company's stock worth $235,000 after buying an additional 5,216 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Paycor HCM by 29.4% in the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company's stock valued at $76,000 after buying an additional 1,210 shares during the period. 36.76% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Paycor HCM Stock Down 0.0 %

Shares of NASDAQ PYCR traded down $0.01 during midday trading on Friday, hitting $22.33. The stock had a trading volume of 2,421,639 shares, compared to its average volume of 1,403,499. The company has a fifty day moving average price of $21.77 and a 200 day moving average price of $17.87. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of -186.07, a PEG 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 released its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share (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%. On average, research analysts forecast that Paycor HCM, Inc. will post 0.3 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on PYCR shares. Baird R W lowered shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Mizuho upped their price target on Paycor HCM from $20.00 to $22.50 and gave the stock a "neutral" rating in a report on Wednesday, January 8th. Robert W. Baird restated a "neutral" rating and issued a $22.50 price target (down previously from $28.00) on shares of Paycor HCM in a research report on Friday, February 7th. Citizens Jmp lowered shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 9th. Finally, The Goldman Sachs Group raised their price target on Paycor HCM from $19.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.