Aigen Investment Management LP Sells 7,335 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Aigen Investment Management LP trimmed its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 36.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,035 shares of the company’s stock after selling 7,335 shares during the period. Aigen Investment Management LP’s holdings in Paycor HCM were worth $185,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PYCR. Advisors Asset Management Inc. boosted its stake in Paycor HCM by 52.4% during the first 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 in the last quarter. Covestor Ltd boosted its position in shares of Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Paycor HCM by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock valued at $863,000 after buying an additional 1,560 shares during the period. Fiera Capital Corp increased its position 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. Finally, Raymond James & Associates raised its stake in Paycor HCM by 0.6% during the 3rd quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock worth $4,666,000 after buying an additional 1,834 shares during the period. Institutional investors and hedge funds own 36.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Truist Financial reduced their price objective on Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. 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 report on Wednesday, September 25th. BMO Capital Markets lifted their price objective on shares of Paycor HCM from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. UBS Group decreased their target price on shares of Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Finally, Jefferies Financial Group raised their price target on shares of Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.06.

Paycor HCM Price Performance

NASDAQ PYCR opened at $16.40 on Friday. The business’s fifty day moving average is $14.61 and its 200-day moving average is $13.72. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of -63.08, a PEG ratio of 4.88 and a beta of 0.42. Paycor HCM, Inc. has a one year low of $10.92 and a one year high of $22.65.

Paycor HCM (NASDAQ:PYCR) last released its earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Paycor HCM had a negative net margin of 6.72% and a positive return on equity of 3.41%. The firm had revenue of $164.80 million for the quarter, compared to analysts’ expectations of $161.14 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Research analysts expect that Paycor HCM, Inc. will post 0.25 EPS for the current fiscal year.

Insider Activity at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM 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 completion of the transaction, the director now owns 21,218 shares in the company, valued at $297,476.36. This trade represents a 14.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.39% of the stock is owned by company insiders.

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.