Creative Planning Has $382,000 Stock Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Creative Planning increased its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 115.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,889 shares of the company’s stock after purchasing an additional 14,437 shares during the quarter. Creative Planning’s holdings in Paycor HCM were worth $382,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Paycor HCM by 11.5% during the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock worth $133,844,000 after purchasing an additional 710,370 shares during the period. Conestoga Capital Advisors LLC lifted its stake in Paycor HCM by 2.8% in the second quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company’s stock valued at $86,886,000 after acquiring an additional 184,255 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Paycor HCM by 1.9% in the first quarter. Clearbridge Investments LLC now owns 6,344,522 shares of the company’s stock valued at $123,338,000 after acquiring an additional 116,118 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Paycor HCM by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock valued at $21,140,000 after acquiring an additional 192,633 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its stake in Paycor HCM by 0.3% in the first quarter. TimesSquare Capital Management LLC now owns 709,651 shares of the company’s stock valued at $13,796,000 after acquiring an additional 2,239 shares during the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the sale, the director now 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.39% of the stock is owned by insiders.

Paycor HCM Stock Performance

Shares of PYCR stock opened at $17.13 on Friday. The firm has a fifty day moving average of $14.17 and a 200-day moving average of $13.74. Paycor HCM, Inc. has a 52-week low of $10.92 and a 52-week high of $22.65. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of -65.65, a P/E/G ratio of 4.87 and a beta of 0.42.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $161.14 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, sell-side analysts predict that Paycor HCM, Inc. will post 0.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Paycor HCM from $15.00 to $19.00 and gave the company a “market perform” rating in a research note on Thursday. Citigroup upped their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Truist Financial cut their target price on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. BTIG Research cut their target price on shares of Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.41.

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.