Paycor HCM, Inc. (NASDAQ:PYCR) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,959 shares of the company’s stock after purchasing an additional 1,560 shares during the period. Rhumbline Advisers’ holdings in Paycor HCM were worth $863,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PYCR. Advisors Asset Management Inc. increased its position in shares of Paycor HCM by 52.4% in the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after acquiring an additional 1,178 shares in the last quarter. Renaissance Capital LLC increased its position in shares of Paycor HCM by 3.0% in the first quarter. Renaissance Capital LLC now owns 42,319 shares of the company’s stock worth $823,000 after acquiring an additional 1,230 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Paycor HCM by 12.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,695 shares of the company’s stock worth $296,000 after acquiring an additional 1,536 shares in the last quarter. CWM LLC increased its position in shares of Paycor HCM by 950.7% in the second quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after acquiring an additional 2,158 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Paycor HCM by 0.3% in the first quarter. TimesSquare Capital Management LLC now owns 709,651 shares of the company’s stock valued at $13,796,000 after purchasing an additional 2,239 shares during the period. Institutional investors and hedge funds own 36.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Jefferies Financial Group decreased their target price on shares of Paycor HCM from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, June 24th. Mizuho decreased their target price on shares of Paycor HCM from $19.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, July 23rd. UBS Group decreased their target price on shares of Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Finally, Stifel Nicolaus reduced their price objective on shares of Paycor HCM from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.27.

Paycor HCM Stock Performance

Shares of NASDAQ:PYCR opened at $13.98 on Tuesday. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of -34.10, a price-to-earnings-growth ratio of 4.24 and a beta of 0.44. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $25.48. The company’s fifty day moving average is $13.36 and its two-hundred day moving average is $14.68.

Paycor HCM (NASDAQ:PYCR) last issued its earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $164.80 million for the quarter, compared to analysts’ expectations of $161.14 million. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) earnings per share. Sell-side analysts expect that Paycor HCM, Inc. will post 0.25 EPS for the current fiscal 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.