Rockefeller Capital Management L.P. Purchases 86,745 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Rockefeller Capital Management L.P. grew its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,161,032 shares of the company's stock after purchasing an additional 86,745 shares during the quarter. Rockefeller Capital Management L.P. owned 0.65% of Paycor HCM worth $16,478,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC lifted its holdings in 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 last quarter. International Assets Investment Management LLC grew its position 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 worth $42,000 after buying an additional 2,846 shares during the last quarter. Covestor Ltd increased its holdings in shares of Paycor HCM by 29.4% in the third 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. Quarry LP acquired a new stake in shares of Paycor HCM during the 2nd quarter valued at $69,000. Finally, HighMark Wealth Management LLC boosted its stake in shares of Paycor HCM by 100.0% during the 2nd quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company's stock worth $98,000 after acquiring an additional 3,865 shares in the last quarter. Institutional investors own 36.76% of the company's stock.

Insiders Place Their Bets

In related news, Director Jeremy Rishel sold 3,723 shares of the company's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the transaction, the director now directly owns 21,218 shares in the company, valued at $297,476.36. This represents a 14.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.39% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on PYCR shares. TD Cowen raised Paycor HCM from a "hold" rating to a "buy" rating and upped their target price for the company from $18.00 to $22.00 in a report on Monday. BTIG Research decreased their target price on shares of Paycor HCM from $26.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, August 15th. The Goldman Sachs Group boosted their price target on shares of Paycor HCM from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Jefferies Financial Group raised their price objective on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of Paycor HCM in a research report on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.56.

Paycor HCM Stock Performance

Shares of Paycor HCM stock traded up $0.39 on Monday, reaching $18.45. The stock had a trading volume of 1,163,446 shares, compared to its average volume of 938,247. The business's 50-day moving average price is $15.30 and its two-hundred day moving average price is $13.80. The stock has a market cap of $3.31 billion, a P/E ratio of -72.27, a price-to-earnings-growth ratio of 4.42 and a beta of 0.42. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $22.65.

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.