PNC Financial Services Group Inc. Has $296,000 Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

PNC Financial Services Group Inc. lifted its position in Paycor HCM, Inc. (NASDAQ:PYCR) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,695 shares of the company’s stock after purchasing an additional 1,536 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Paycor HCM were worth $296,000 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. International Assets Investment Management LLC increased its holdings in Paycor HCM by 1,824.7% in the 4th quarter. International Assets Investment Management LLC now owns 3,195 shares of the company’s stock valued at $69,000 after buying an additional 3,029 shares during the period. Handelsbanken Fonder AB acquired a new position in Paycor HCM in the fourth quarter worth about $203,000. Jump Financial LLC bought a new position in Paycor HCM during the fourth quarter worth about $230,000. Wrapmanager Inc. boosted its holdings in Paycor HCM by 18.1% during the fourth quarter. Wrapmanager Inc. now owns 11,669 shares of the company’s stock valued at $252,000 after purchasing an additional 1,786 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Paycor HCM in the 4th quarter valued at approximately $270,000. 36.76% of the stock is owned by institutional investors.

Paycor HCM Trading Up 1.7 %

Paycor HCM stock opened at $12.70 on Monday. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $27.50. The company’s 50-day moving average is $13.99 and its two-hundred day moving average is $17.82. The company has a market cap of $2.26 billion, a PE ratio of -30.97, a PEG ratio of 3.42 and a beta of 0.40.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $187.02 million for the quarter, compared to analysts’ expectations of $186.35 million. Paycor HCM had a negative net margin of 11.11% and a positive return on equity of 2.09%. Research analysts forecast that Paycor HCM, Inc. will post 0.19 EPS for the current year.

Insider Activity at Paycor HCM

In other news, insider Alice L. Geene sold 1,577 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $18.39, for a total transaction of $29,001.03. Following the completion of the transaction, the insider now directly owns 107,581 shares in the company, valued at approximately $1,978,414.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Jonathan Corr sold 1,508 shares of Paycor HCM stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $18.30, for a total transaction of $27,596.40. Following the transaction, the director now directly owns 18,480 shares of the company’s stock, valued at $338,184. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Alice L. Geene sold 1,577 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $18.39, for a total transaction of $29,001.03. Following the completion of the sale, the insider now owns 107,581 shares of the company’s stock, valued at approximately $1,978,414.59. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Robert W. Baird cut their target price on Paycor HCM from $36.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Stifel Nicolaus reduced their target price on shares of Paycor HCM from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Needham & Company LLC reiterated a “buy” rating and set a $42.00 target price on shares of Paycor HCM in a research report on Thursday, May 9th. The Goldman Sachs Group reduced their price target on shares of Paycor HCM from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $20.00 price objective on shares of Paycor HCM in a report on Tuesday, June 11th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Paycor HCM has an average rating of “Hold” and an average price target of $23.56.

About Paycor HCM

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.