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

ING Groep NV cut its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 68.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,300 shares of the company’s stock after selling 221,900 shares during the period. ING Groep NV owned approximately 0.06% of Paycor HCM worth $1,918,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Conestoga Capital Advisors LLC raised its position in shares of Paycor HCM by 23.8% during the 4th quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company’s stock valued at $128,772,000 after buying an additional 1,333,170 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Paycor HCM by 1,738.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 573,870 shares of the company’s stock worth $10,657,000 after acquiring an additional 542,659 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Paycor HCM by 1,047.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 321,504 shares of the company’s stock valued at $4,562,000 after purchasing an additional 293,487 shares during the period. Fifth Third Bancorp lifted its stake in shares of Paycor HCM by 57.3% in the 4th quarter. Fifth Third Bancorp now owns 476,874 shares of the company’s stock valued at $8,856,000 after purchasing an additional 173,752 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Paycor HCM by 24.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 793,261 shares of the company’s stock worth $14,731,000 after purchasing an additional 156,410 shares during the period. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Paycor HCM Price Performance

Shares of NASDAQ PYCR opened at $22.21 on Monday. The business has a 50-day moving average of $21.27 and a two-hundred day moving average of $17.34. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of -185.07, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $23.49.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, equities research analysts expect that Paycor HCM, Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on PYCR. Mizuho boosted their price objective on shares of Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Citigroup boosted their price target on shares of Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Stifel Nicolaus increased their price objective on shares of Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Robert W. Baird reissued a “neutral” rating and issued a $22.50 target price (down previously from $28.00) on shares of Paycor HCM in a research report on Friday, February 7th. Finally, TD Cowen cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 20th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Paycor HCM presently has a consensus rating of “Hold” and a consensus price target of $21.53.

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.