Edgestream Partners L.P. Takes $1.54 Million Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Edgestream Partners L.P. acquired a new position in Paycor HCM, Inc. (NASDAQ:PYCR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 121,582 shares of the company’s stock, valued at approximately $1,544,000. Edgestream Partners L.P. owned approximately 0.07% of Paycor HCM at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Paycor HCM by 11.5% in the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock worth $133,844,000 after purchasing an additional 710,370 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in Paycor HCM by 2.8% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company’s stock worth $86,886,000 after buying an additional 184,255 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Paycor HCM by 1.9% during the 1st quarter. Clearbridge Investments LLC now owns 6,344,522 shares of the company’s stock valued at $123,338,000 after buying an additional 116,118 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Paycor HCM by 9.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,429,701 shares of the company’s stock valued at $47,233,000 after acquiring an additional 213,313 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Paycor HCM by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock worth $21,140,000 after acquiring an additional 192,633 shares during the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Stifel Nicolaus reduced their price objective on Paycor HCM from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Truist Financial reduced their price target on Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Jefferies Financial Group dropped their price objective on Paycor HCM from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Monday, June 24th. Citigroup reduced their target price on shares of Paycor HCM from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.27.

Paycor HCM Price Performance

Shares of PYCR opened at $14.47 on Friday. The company has a market capitalization of $2.59 billion, a PE ratio of -35.29, a price-to-earnings-growth ratio of 4.33 and a beta of 0.44. Paycor HCM, Inc. has a one year low of $10.92 and a one year high of $25.48. The company’s fifty day moving average price is $13.26 and its 200 day moving average price is $14.85.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Paycor HCM had a positive return on equity of 2.98% and a negative net margin of 9.00%. The business had revenue of $164.80 million for the quarter, compared to analyst estimates of $161.14 million. During the same period in the previous 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. Analysts anticipate that Paycor HCM, Inc. will post 0.25 earnings per share for the current year.

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.