Squarepoint Ops LLC Increases Stock Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Squarepoint Ops LLC boosted its stake in Paycor HCM, Inc. (NASDAQ:PYCR) by 93.0% during the second quarter, HoldingsChannel reports. The firm owned 365,627 shares of the company’s stock after buying an additional 176,183 shares during the period. Squarepoint Ops LLC’s holdings in Paycor HCM were worth $4,643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC grew its position in Paycor HCM by 950.7% during the second quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after acquiring an additional 2,158 shares during the last quarter. Advisors Asset Management Inc. grew its holdings 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 purchasing an additional 1,178 shares during the last quarter. HighMark Wealth Management LLC grew its holdings in shares of Paycor HCM by 100.0% in the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock worth $98,000 after purchasing an additional 3,865 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Paycor HCM in the second quarter worth approximately $123,000. Finally, Hardy Reed LLC bought a new position in shares of Paycor HCM in the first quarter worth approximately $223,000. 36.76% of the stock is currently owned by institutional investors.

Paycor HCM Price Performance

PYCR opened at $14.19 on Tuesday. The stock has a 50-day moving average price of $13.48 and a 200-day moving average price of $14.49. The firm has a market cap of $2.53 billion, a PE ratio of -34.61, a P/E/G ratio of 4.37 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.

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

Analyst Upgrades and Downgrades

PYCR has been the topic of several recent analyst reports. Jefferies Financial Group cut their target price on shares of Paycor HCM from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Monday, June 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $20.00 price target on shares of Paycor HCM in a research note on Tuesday, June 11th. The Goldman Sachs Group dropped their price target on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Stifel Nicolaus dropped their price target on Paycor HCM from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Needham & Company LLC dropped their price target on Paycor HCM from $42.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Eight 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 currently has a consensus rating of “Hold” and a consensus price target of $19.40.

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.