Quest Partners LLC decreased its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 88.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,104 shares of the company's stock after selling 31,788 shares during the quarter. Quest Partners LLC's holdings in Paycor HCM were worth $58,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in PYCR. CWM LLC increased its holdings in shares of Paycor HCM by 950.7% in the 2nd quarter. CWM LLC now owns 2,385 shares of the company's stock valued at $30,000 after acquiring an additional 2,158 shares during the period. International Assets Investment Management LLC grew its stake in Paycor HCM by 1,923.0% in the third 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 during the last quarter. Advisors Asset Management Inc. raised its holdings in Paycor HCM by 52.4% in the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company's stock worth $67,000 after purchasing an additional 1,178 shares in the last quarter. Quarry LP purchased a new stake in shares of Paycor HCM during the second quarter valued at about $69,000. Finally, Covestor Ltd boosted 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 in the last quarter. Hedge funds and other institutional investors own 36.76% of the company's stock.
Paycor HCM Price Performance
NASDAQ:PYCR traded down $0.07 during mid-day trading on Friday, hitting $18.06. The company's stock had a trading volume of 548,693 shares, compared to its average volume of 958,270. The business's fifty day moving average is $15.30 and its two-hundred day moving average is $13.80. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of -69.46, a PEG ratio of 4.42 and a beta of 0.42. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $22.65.
Insider Activity
In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the company's stock in a transaction dated Wednesday, October 16th. The shares were 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 in the company, valued at approximately $297,476.36. This represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.39% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on PYCR shares. JPMorgan Chase & Co. decreased their target price on shares of Paycor HCM from $19.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, August 15th. The Goldman Sachs Group raised their price objective on Paycor HCM from $19.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. UBS Group dropped their target price on Paycor HCM from $18.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, August 16th. Stifel Nicolaus decreased their price target on Paycor HCM from $22.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. Finally, Jefferies Financial Group upped their price objective on shares of Paycor HCM from $13.00 to $15.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $19.31.
View Our Latest Stock Analysis on Paycor HCM
Paycor HCM Profile
(
Free Report)
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.
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