Riverbridge Partners LLC Decreases Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

Riverbridge Partners LLC cut its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,252,299 shares of the company's stock after selling 213,962 shares during the quarter. Riverbridge Partners LLC owned about 1.25% of Paycor HCM worth $41,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Stifel Financial Corp grew its holdings in shares of Paycor HCM by 7.8% during the 3rd quarter. Stifel Financial Corp now owns 13,498 shares of the company's stock worth $192,000 after purchasing an additional 981 shares during the period. Covestor Ltd grew its holdings in shares of Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company's stock worth $76,000 after purchasing an additional 1,210 shares during the period. MCF Advisors LLC purchased a new position in Paycor HCM during the 4th quarter valued at about $27,000. Raymond James & Associates boosted its holdings in Paycor HCM by 0.6% during the 3rd quarter. Raymond James & Associates now owns 328,827 shares of the company's stock valued at $4,666,000 after acquiring an additional 1,834 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Paycor HCM by 10.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,514 shares of the company's stock valued at $261,000 after acquiring an additional 1,964 shares during the period. 36.76% of the stock is currently owned by hedge funds and other institutional investors.

Paycor HCM Price Performance

Shares of NASDAQ PYCR traded up $0.04 during midday trading on Thursday, hitting $22.14. 966,206 shares of the company's stock were exchanged, compared to its average volume of 5,595,010. Paycor HCM, Inc. has a twelve month low of $10.92 and a twelve month high of $23.49. The company has a market cap of $3.98 billion, a PE ratio of -85.13, a P/E/G ratio of 4.17 and a beta of 0.50. The firm's fifty day simple moving average is $19.51 and its 200-day simple moving average is $15.83.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on Paycor HCM from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. TD Cowen cut Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Monday. BMO Capital Markets restated a "market perform" rating and set a $22.50 target price (down from $24.00) on shares of Paycor HCM in a report on Wednesday, January 8th. Needham & Company LLC cut Paycor HCM from a "moderate buy" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, JMP Securities restated a "market outperform" rating and set a $30.00 target price on shares of Paycor HCM in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $21.81.

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.