State Street Corp Has $15.77 Million Stock Position in Paycor HCM, Inc. (NASDAQ:PYCR)

State Street Corp grew its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 5.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,111,032 shares of the company’s stock after buying an additional 54,834 shares during the period. State Street Corp’s holdings in Paycor HCM were worth $15,766,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Prevail Innovative Wealth Advisors LLC lifted its holdings in Paycor HCM by 434.5% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company’s stock worth $1,511,000 after acquiring an additional 96,736 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 worth $3,450,000 after acquiring an additional 34,336 shares during the period. ING Groep NV purchased a new position in Paycor HCM during the third quarter valued at approximately $4,615,000. Principal Financial Group Inc. purchased a new stake in shares of Paycor HCM in the third quarter worth $962,000. Finally, GSA Capital Partners LLP grew its holdings in shares of Paycor HCM by 75.6% during the third quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock worth $1,242,000 after purchasing an additional 37,691 shares in the last quarter. 36.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PYCR. Stephens initiated coverage on Paycor HCM in a report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price objective on the stock. Citigroup increased their price objective on Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. TD Cowen raised Paycor HCM from a “hold” rating to a “buy” rating and lifted their price target for the stock from $18.00 to $22.00 in a research report on Monday, December 2nd. The Goldman Sachs Group upped their target price on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, Mizuho raised their target price on Paycor HCM from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.56.

Paycor HCM Trading Up 1.4 %

NASDAQ PYCR opened at $19.18 on Wednesday. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $22.14. The stock’s 50 day moving average is $17.11 and its 200 day moving average is $14.51. The stock has a market cap of $3.45 billion, a PE ratio of -73.77, a P/E/G ratio of 4.79 and a beta of 0.51.

Insider Buying and Selling at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total transaction of $52,196.46. Following the sale, the director now directly owns 21,218 shares of the company’s stock, valued at $297,476.36. This represents a 14.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.39% of the stock is currently owned by insiders.

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.