Whittier Trust Co. purchased a new position in Paycor HCM, Inc. (NASDAQ:PYCR – Free Report) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 56,337 shares of the company’s stock, valued at approximately $799,000.
A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Paycor HCM by 11.5% in the 1st quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock worth $133,844,000 after acquiring an additional 710,370 shares during the period. Conestoga Capital Advisors LLC lifted its stake in Paycor HCM by 2.8% during the second quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company’s stock valued at $86,886,000 after purchasing an additional 184,255 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Paycor HCM by 1.9% during the first quarter. Clearbridge Investments LLC now owns 6,344,522 shares of the company’s stock valued at $123,338,000 after purchasing an additional 116,118 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Paycor HCM by 9.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,429,701 shares of the company’s stock valued at $47,233,000 after purchasing an additional 213,313 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Paycor HCM by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock valued at $21,140,000 after purchasing an additional 192,633 shares during the last quarter. 36.76% of the stock is owned by institutional investors and hedge funds.
Paycor HCM Stock Down 1.6 %
PYCR stock opened at $14.10 on Thursday. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of -34.39, a P/E/G ratio of 4.44 and a beta of 0.44. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $23.82. The firm has a 50 day moving average of $13.93 and a two-hundred day moving average of $13.90.
Wall Street Analyst Weigh In
Several research firms recently commented on PYCR. Mizuho cut 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. Truist Financial cut their price target on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. cut their price target on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Stephens initiated coverage on shares of Paycor HCM in a report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price target on the stock. Finally, Jefferies Financial Group boosted their price target on shares of Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.56.
Read Our Latest Analysis on Paycor HCM
Insiders Place Their Bets
In related news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the sale, the director now directly owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.39% of the company’s stock.
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.
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