Wealthfront Advisers LLC Acquires Shares of 46,337 Paycor HCM, Inc. (NASDAQ:PYCR)

Wealthfront Advisers LLC bought a new position in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 46,337 shares of the company's stock, valued at approximately $860,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in shares of Paycor HCM during the third quarter worth $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Paycor HCM by 16.4% during 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 worth $3,450,000 after acquiring an additional 34,336 shares during the last quarter. ING Groep NV bought a new stake in shares of Paycor HCM during the third quarter worth $4,615,000. Franklin Resources Inc. raised its position in shares of Paycor HCM by 2.7% during the third quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company's stock worth $23,220,000 after acquiring an additional 46,127 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Paycor HCM by 28.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 488,779 shares of the company's stock worth $6,936,000 after acquiring an additional 108,602 shares during the last quarter. Institutional investors own 36.76% of the company's stock.

Paycor HCM Stock Performance

NASDAQ PYCR traded down $0.03 during trading hours on Wednesday, hitting $22.39. 2,226,655 shares of the company traded hands, compared to its average volume of 1,439,398. The business's 50-day moving average is $22.21 and its 200-day moving average is $18.38. Paycor HCM, Inc. has a twelve month low of $10.92 and a twelve month high of $23.49. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of -186.57, a P/E/G ratio of 3.84 and a beta of 0.53.

Remove Ads

Paycor HCM (NASDAQ:PYCR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 EPS 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%. Analysts predict that Paycor HCM, Inc. will post 0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $22.50 price objective (up previously from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. The Goldman Sachs Group increased their price target on Paycor HCM from $19.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. Mizuho increased their price target on Paycor HCM from $20.00 to $22.50 and gave the stock a "neutral" rating in a report on Wednesday, January 8th. 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, Needham & Company LLC downgraded Paycor HCM from a "moderate buy" rating to a "hold" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Paycor HCM currently has an average rating of "Hold" and an average price target of $21.53.

Paycor HCM Company 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.