Wedmont Private Capital Buys New Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Wedmont Private Capital bought a new position in Paycor HCM, Inc. (NASDAQ:PYCR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,259 shares of the company’s stock, valued at approximately $166,000.

Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings in shares of Paycor HCM by 52.4% during the 1st 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 during the period. Renaissance Capital LLC boosted its holdings in Paycor HCM by 3.0% during the first quarter. Renaissance Capital LLC now owns 42,319 shares of the company’s stock valued at $823,000 after purchasing an additional 1,230 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Paycor HCM by 12.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,695 shares of the company’s stock valued at $296,000 after purchasing an additional 1,536 shares during the period. Rhumbline Advisers lifted its position in shares of Paycor HCM by 2.3% during the 2nd quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock worth $863,000 after buying an additional 1,560 shares during the period. Finally, Fiera Capital Corp boosted its stake in Paycor HCM by 0.9% in the 2nd quarter. Fiera Capital Corp now owns 190,677 shares of the company’s stock valued at $2,422,000 after buying an additional 1,629 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Trading Up 0.2 %

Shares of NASDAQ:PYCR opened at $13.29 on Monday. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $25.48. The stock has a market capitalization of $2.37 billion, a P/E ratio of -32.41, a P/E/G ratio of 4.05 and a beta of 0.44. The business has a 50-day moving average price of $13.66 and a two-hundred day moving average price of $14.13.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly 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. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. The business had revenue of $164.80 million during the quarter, compared to the consensus estimate of $161.14 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. Paycor HCM’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, equities analysts predict that Paycor HCM, Inc. will post 0.25 EPS for the current year.

Analysts Set New Price Targets

PYCR has been the subject of several recent analyst reports. Jefferies Financial Group dropped their price objective on Paycor HCM from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, June 24th. UBS Group cut their price target on shares of Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Citigroup upped their price objective on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Stifel Nicolaus cut their target price on shares of 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, BTIG Research reduced their target price on Paycor HCM from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.40.

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.