Vanguard Group Inc. Increases Stock Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Vanguard Group Inc. boosted its holdings in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,454,003 shares of the company's stock after buying an additional 226,807 shares during the quarter. Vanguard Group Inc. owned approximately 4.10% of Paycor HCM worth $138,421,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MCF Advisors LLC bought a new position in shares of Paycor HCM in the fourth quarter worth about $27,000. Blue Trust Inc. lifted its stake in Paycor HCM by 869.3% in the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company's stock valued at $64,000 after purchasing an additional 3,086 shares during the last quarter. FMR LLC boosted its position in Paycor HCM by 93.9% in the third quarter. FMR LLC now owns 9,918 shares of the company's stock valued at $141,000 after buying an additional 4,804 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Paycor HCM during the fourth quarter worth $190,000. Finally, Stifel Financial Corp grew its stake in shares of Paycor HCM by 7.8% during the third quarter. Stifel Financial Corp now owns 13,498 shares of the company's stock worth $192,000 after buying an additional 981 shares during the last quarter. Institutional investors own 36.76% of the company's stock.

Wall Street Analyst Weigh In

PYCR has been the topic of several recent research reports. TD Cowen downgraded Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Monday, January 20th. Truist Financial reissued a "hold" rating and set a $22.50 price target (up from $20.00) on shares of Paycor HCM 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 note on Thursday, January 9th. Citigroup lifted their target price on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Finally, JMP Securities restated a "market perform" rating on shares of Paycor HCM in a research report on Thursday, February 6th. 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's stock. According to MarketBeat.com, Paycor HCM has an average rating of "Hold" and a consensus price target of $21.53.

Paycor HCM Price Performance

Shares of Paycor HCM stock traded up $0.04 on Friday, hitting $22.49. 5,166,827 shares of the company's stock traded hands, compared to its average volume of 1,629,135. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -187.40, a price-to-earnings-growth ratio of 3.84 and a beta of 0.50. The company has a fifty day moving average of $22.33 and a two-hundred day moving average of $19.49. Paycor HCM, Inc. has a one year low of $10.92 and a one year high of $23.49.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last released its quarterly earnings data 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 research analysts anticipate that Paycor HCM, Inc. will post 0.3 earnings per share for the current year.

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.