Fiera Capital Corp Has $2.42 Million Stock Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Fiera Capital Corp grew its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 190,677 shares of the company’s stock after purchasing an additional 1,629 shares during the quarter. Fiera Capital Corp’s holdings in Paycor HCM were worth $2,422,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PYCR. Rhumbline Advisers increased its position in shares of Paycor HCM by 2.3% during the second quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock worth $863,000 after buying an additional 1,560 shares during the period. nVerses Capital LLC bought a new position in shares of Paycor HCM in the 2nd quarter worth about $123,000. HighMark Wealth Management LLC raised its position in shares of Paycor HCM by 100.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock worth $98,000 after acquiring an additional 3,865 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Paycor HCM by 72.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,241 shares of the company’s stock valued at $244,000 after purchasing an additional 8,094 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew 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 worth $86,886,000 after purchasing an additional 184,255 shares during the period. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Trading Up 0.2 %

Shares of Paycor HCM stock opened at $14.07 on Thursday. The company has a market capitalization of $2.52 billion, a P/E ratio of -34.32, a price-to-earnings-growth ratio of 4.38 and a beta of 0.43. The stock has a fifty day simple moving average of $13.04 and a 200 day simple moving average of $15.35. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $25.48.

Paycor HCM (NASDAQ:PYCR) last announced its earnings results on Wednesday, August 14th. The company reported $0.11 EPS for the quarter, beating 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 company had revenue of $164.80 million during the quarter, compared to the consensus estimate of $161.14 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, analysts predict that Paycor HCM, Inc. will post 0.25 EPS for the current year.

Analyst Upgrades and Downgrades

PYCR has been the topic of a number of research analyst reports. UBS Group cut their price target on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Paycor HCM from $21.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Needham & Company LLC dropped their price objective on shares of Paycor HCM from $42.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Truist Financial decreased their target price on Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group cut their price target on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.27.

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.