Rhumbline Advisers Raises Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Rhumbline Advisers grew its position in Paycor HCM, Inc. (NASDAQ:PYCR) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,959 shares of the company’s stock after acquiring an additional 1,560 shares during the period. Rhumbline Advisers’ holdings in Paycor HCM were worth $863,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PYCR. Charles Schwab Investment Management Inc. boosted its holdings in shares of Paycor HCM by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 361,622 shares of the company’s stock valued at $7,807,000 after acquiring an additional 7,965 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Paycor HCM in the fourth quarter valued at about $230,000. Dimensional Fund Advisors LP boosted its holdings in shares of Paycor HCM by 54.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,201,807 shares of the company’s stock valued at $25,948,000 after acquiring an additional 422,785 shares in the last quarter. Norges Bank purchased a new stake in shares of Paycor HCM in the fourth quarter valued at about $15,054,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Paycor HCM by 12.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,695 shares of the company’s stock valued at $296,000 after acquiring an additional 1,536 shares in the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Price Performance

NASDAQ:PYCR opened at $13.98 on Tuesday. The firm has a 50 day simple moving average of $13.36 and a 200-day simple moving average of $14.68. The firm has a market cap of $2.49 billion, a PE ratio of -34.10, a P/E/G ratio of 4.24 and a beta of 0.44. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $25.48.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings data 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. The business had revenue of $164.80 million during the quarter, compared to analyst estimates of $161.14 million. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. The company’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.01) earnings per share. As a group, sell-side analysts expect that Paycor HCM, Inc. will post 0.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, August 16th. Needham & Company LLC decreased 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. JPMorgan Chase & Co. decreased their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. UBS Group decreased their price objective on shares of Paycor HCM from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, August 16th. Finally, Mizuho decreased their price objective on shares of Paycor HCM from $19.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.27.

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.