Raymond James Financial Inc. Invests $8.22 Million in Paycor HCM, Inc. (NASDAQ:PYCR)

Raymond James Financial Inc. bought a new position in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 442,454 shares of the company's stock, valued at approximately $8,216,000. Raymond James Financial Inc. owned about 0.25% of Paycor HCM at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new stake in shares of Paycor HCM in the third quarter worth approximately $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Paycor HCM by 16.4% in the 3rd 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 buying an additional 34,336 shares during the last quarter. Franklin Resources Inc. lifted its stake in Paycor HCM by 2.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company's stock valued at $23,220,000 after acquiring an additional 46,127 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Paycor HCM by 28.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 488,779 shares of the company's stock worth $6,936,000 after acquiring an additional 108,602 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Paycor HCM by 1,047.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 321,504 shares of the company's stock worth $4,562,000 after acquiring an additional 293,487 shares in the last quarter. Institutional investors own 36.76% of the company's stock.

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Analyst Upgrades and Downgrades

PYCR has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of Paycor HCM from $19.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Citigroup boosted their target price on Paycor HCM from $21.00 to $22.50 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Citizens Jmp downgraded Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 9th. Baird R W cut Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Stephens reaffirmed an "equal weight" rating and set a $22.50 target price (up from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Paycor HCM has a consensus rating of "Hold" and a consensus target price of $21.53.

Paycor HCM Stock Up 0.1 %

PYCR traded up $0.03 on Wednesday, hitting $22.44. The company's stock had a trading volume of 829,683 shares, compared to its average volume of 1,452,838. The company's 50 day simple moving average is $22.24 and its 200-day simple moving average is $18.67. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $23.49. The firm has a market cap of $4.08 billion, a P/E ratio of -186.98, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last announced its quarterly earnings results 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%. Equities analysts predict that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.

Paycor HCM Company 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.