Whittier Trust Co. Invests $799,000 in Paycor HCM, Inc. (NASDAQ:PYCR)

Whittier Trust Co. purchased a new position in Paycor HCM, Inc. (NASDAQ:PYCR) 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.

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

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.

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.