Gotham Asset Management LLC Grows Stock Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Gotham Asset Management LLC lifted its stake in Paycor HCM, Inc. (NASDAQ:PYCR) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 315,655 shares of the company’s stock after acquiring an additional 7,005 shares during the quarter. Gotham Asset Management LLC’s holdings in Paycor HCM were worth $5,862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barclays PLC lifted its holdings in Paycor HCM by 50.8% during the 3rd quarter. Barclays PLC now owns 23,991 shares of the company’s stock worth $340,000 after buying an additional 8,079 shares during the last quarter. Octavia Wealth Advisors LLC lifted its holdings in Paycor HCM by 38.5% during the 4th quarter. Octavia Wealth Advisors LLC now owns 14,002 shares of the company’s stock worth $260,000 after buying an additional 3,890 shares during the last quarter. MCF Advisors LLC purchased a new stake in Paycor HCM during the 4th quarter worth about $27,000. Mutual Advisors LLC lifted its holdings in Paycor HCM by 25.2% during the 4th quarter. Mutual Advisors LLC now owns 19,741 shares of the company’s stock worth $367,000 after buying an additional 3,970 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Paycor HCM by 57.3% during the 4th quarter. Fifth Third Bancorp now owns 476,874 shares of the company’s stock worth $8,856,000 after buying an additional 173,752 shares during the last quarter. 36.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PYCR shares. Robert W. Baird reaffirmed a “neutral” rating and set a $22.50 price target (down from $28.00) on shares of Paycor HCM in a report on Friday, February 7th. TD Cowen downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Monday, January 20th. JMP Securities reaffirmed a “market perform” rating on shares of Paycor HCM in a report on Thursday, February 6th. Citigroup lifted their target price on Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Finally, Baird R W cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.70.

Paycor HCM Price Performance

Shares of PYCR stock opened at $22.49 on Wednesday. The stock has a market capitalization of $4.09 billion, a PE ratio of -187.40, a price-to-earnings-growth ratio of 3.84 and a beta of 0.50. Paycor HCM, Inc. has a 52-week low of $10.92 and a 52-week high of $23.49. The stock’s 50-day moving average price is $22.45 and its 200 day moving average price is $20.81.

About Paycor HCM

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.