Rockefeller Capital Management L.P. reduced its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 38.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 709,030 shares of the company's stock after selling 452,002 shares during the quarter. Rockefeller Capital Management L.P. owned 0.39% of Paycor HCM worth $13,167,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of PYCR. Vanguard Group Inc. lifted its stake in shares of Paycor HCM by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 7,454,003 shares of the company's stock worth $138,421,000 after buying an additional 226,807 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in Paycor HCM by 23.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company's stock worth $128,772,000 after purchasing an additional 1,333,170 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Paycor HCM by 0.7% during the 4th quarter. Clearbridge Investments LLC now owns 6,386,128 shares of the company's stock worth $118,590,000 after purchasing an additional 47,007 shares during the last quarter. Invesco Ltd. grew its position in shares of Paycor HCM by 4.0% in the fourth quarter. Invesco Ltd. now owns 2,799,281 shares of the company's stock valued at $51,983,000 after purchasing an additional 106,628 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Paycor HCM by 15.5% in the fourth quarter. Franklin Resources Inc. now owns 2,003,288 shares of the company's stock valued at $37,201,000 after purchasing an additional 269,179 shares during the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Raymond James downgraded Paycor HCM from a "moderate buy" rating to a "hold" rating in a research note on Monday, January 13th. Mizuho lifted their price target on shares of Paycor HCM from $20.00 to $22.50 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. Baird R W lowered Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Citigroup increased their price target on Paycor HCM from $21.00 to $22.50 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Finally, Citizens Jmp lowered shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Paycor HCM has an average rating of "Hold" and a consensus target price of $21.53.
Check Out Our Latest Report on PYCR
Paycor HCM Stock Performance
Shares of PYCR stock remained flat at $22.49 on Monday. The company has a market cap of $4.09 billion, a PE ratio of -187.40, a PEG ratio of 3.84 and a beta of 0.50. The firm's 50 day simple moving average is $22.36 and its 200-day simple moving average is $19.83. 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 announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates 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%. Sell-side analysts predict that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.
About Paycor HCM
(
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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