Verition Fund Management LLC lowered its stake in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 41.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,070 shares of the company's stock after selling 50,957 shares during the quarter. Verition Fund Management LLC's holdings in Paycor HCM were worth $1,037,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in PYCR. Captrust Financial Advisors lifted its position in shares of Paycor HCM by 23.3% in the third quarter. Captrust Financial Advisors now owns 25,543 shares of the company's stock worth $362,000 after buying an additional 4,829 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Paycor HCM by 8.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company's stock worth $16,478,000 after acquiring an additional 86,745 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Paycor HCM by 16.4% in the third 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 purchasing an additional 34,336 shares in the last quarter. FMR LLC increased its position in Paycor HCM by 93.9% in the third quarter. FMR LLC now owns 9,918 shares of the company's stock worth $141,000 after purchasing an additional 4,804 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Paycor HCM during the third quarter valued at $331,000. Institutional investors own 36.76% of the company's stock.
Paycor HCM Price Performance
PYCR stock traded down $0.06 during mid-day trading on Monday, reaching $19.14. The company had a trading volume of 872,486 shares, compared to its average volume of 939,118. The company has a market capitalization of $3.44 billion, a PE ratio of -73.62, a price-to-earnings-growth ratio of 4.60 and a beta of 0.51. The firm has a 50 day moving average of $15.88 and a 200 day moving average of $14.01. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $22.65.
Insider Activity at Paycor HCM
In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the firm's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the transaction, the director now owns 21,218 shares of the company's stock, valued at approximately $297,476.36. This trade represents a 14.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.39% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
PYCR has been the topic of a number of research reports. Stephens started coverage on shares of Paycor HCM in a report on Wednesday, October 16th. They issued an "overweight" rating and a $18.00 target price on the stock. UBS Group decreased their price objective on Paycor HCM from $18.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, August 16th. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 target price on shares of Paycor HCM in a report on Friday, November 22nd. The Goldman Sachs Group increased their price target on Paycor HCM from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Finally, BTIG Research dropped their price objective on shares of Paycor HCM from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Paycor HCM presently has an average rating of "Moderate Buy" and a consensus price target of $19.56.
Check Out Our Latest Stock Analysis on Paycor HCM
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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