Paycor HCM, Inc. (NASDAQ:PYCR) Shares Sold by ING Groep NV

ING Groep NV decreased its stake in Paycor HCM, Inc. (NASDAQ:PYCR) by 68.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,300 shares of the company’s stock after selling 221,900 shares during the period. ING Groep NV’s holdings in Paycor HCM were worth $1,918,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC purchased a new position in Paycor HCM in the fourth quarter valued at about $27,000. International Assets Investment Management LLC grew its holdings in shares of Paycor HCM by 1,923.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after acquiring an additional 2,846 shares during the period. Blue Trust Inc. increased its stake in Paycor HCM by 869.3% in the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $64,000 after purchasing an additional 3,086 shares in the last quarter. Covestor Ltd raised its holdings in Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares during the last quarter. Finally, FMR LLC boosted its position in Paycor HCM by 93.9% during the third quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after purchasing an additional 4,804 shares in the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Stock Down 0.0 %

Shares of NASDAQ:PYCR opened at $22.21 on Monday. The company has a market cap of $4.04 billion, a P/E ratio of -185.07, a P/E/G ratio of 3.84 and a beta of 0.53. The business has a fifty day simple moving average of $21.27 and a 200-day simple moving average of $17.34. Paycor HCM, Inc. has a 52 week low of $10.92 and a 52 week high of $23.49.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Truist Financial restated a “hold” rating and issued a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research report on Thursday, January 16th. Citigroup raised their target price on shares of Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. restated an “underweight” rating and set a $22.50 target price (up previously from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Stifel Nicolaus increased their price target on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, JMP Securities reissued a “market perform” rating on shares of Paycor HCM in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.53.

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.