Bank of New York Mellon Corp Cuts Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

Bank of New York Mellon Corp lowered its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 45.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 307,147 shares of the company’s stock after selling 253,467 shares during the period. Bank of New York Mellon Corp’s holdings in Paycor HCM were worth $5,704,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PYCR. Principal Financial Group Inc. bought a new position in Paycor HCM during the 3rd quarter valued at about $962,000. Natixis Advisors LLC raised its stake in Paycor HCM by 47.5% during the 3rd quarter. Natixis Advisors LLC now owns 61,456 shares of the company’s stock worth $872,000 after acquiring an additional 19,803 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Paycor HCM by 1,047.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 321,504 shares of the company’s stock worth $4,562,000 after acquiring an additional 293,487 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Paycor HCM by 28.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 488,779 shares of the company’s stock valued at $6,936,000 after buying an additional 108,602 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Paycor HCM during the 3rd quarter valued at approximately $331,000. Institutional investors own 36.76% of the company’s stock.

Paycor HCM Trading Up 0.1 %

Shares of NASDAQ:PYCR opened at $22.37 on Monday. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $23.49. The company has a market capitalization of $4.07 billion, a PE ratio of -186.40, a PEG ratio of 3.84 and a beta of 0.53. The business has a 50 day moving average of $22.21 and a two-hundred day moving average of $18.26.

Paycor HCM (NASDAQ:PYCR) last announced its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.28% and a negative net margin of 3.06%. Equities research analysts predict that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PYCR has been the subject of a number of recent research reports. Stephens reissued an “equal weight” rating and issued a $22.50 target price (up from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. JMP Securities reiterated a “market perform” rating on shares of Paycor HCM in a research report on Thursday, February 6th. Citizens Jmp downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. TD Cowen downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Monday, January 20th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $22.50 target price (up previously from $21.00) on shares of Paycor HCM in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Paycor HCM presently has an average rating of “Hold” and an average target price 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.