US Bancorp DE Grows Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

US Bancorp DE lifted its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 46.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,558 shares of the company’s stock after purchasing an additional 5,216 shares during the period. US Bancorp DE’s holdings in Paycor HCM were worth $235,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Paycor HCM in the third quarter valued at $157,000. International Assets Investment Management LLC increased its holdings in Paycor HCM by 1,923.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after acquiring an additional 2,846 shares during the last quarter. Whittier Trust Co. bought a new stake in Paycor HCM in the 3rd quarter valued at about $799,000. Raymond James & Associates lifted its holdings in Paycor HCM by 0.6% during the third quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock valued at $4,666,000 after purchasing an additional 1,834 shares during the last quarter. Finally, Trust Point Inc. boosted its position in Paycor HCM by 62.1% during the third quarter. Trust Point Inc. now owns 52,304 shares of the company’s stock worth $742,000 after purchasing an additional 20,038 shares during the period. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Insider Transactions at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the transaction, the director now owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Truist Financial lowered their price objective on Paycor HCM from $33.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. UBS Group reduced their price target on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Stephens assumed coverage on shares of Paycor HCM in a report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 target price on the stock. TD Cowen raised their target price on Paycor HCM from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, Citigroup upped their price target on Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.06.

Paycor HCM Price Performance

NASDAQ PYCR opened at $17.48 on Thursday. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $22.65. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of -67.23, a price-to-earnings-growth ratio of 4.88 and a beta of 0.42. The firm’s fifty day moving average price is $14.49 and its 200 day moving average price is $13.73.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $161.14 million. During the same quarter in the prior year, the business earned ($0.01) EPS. Paycor HCM’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Paycor HCM, Inc. will post 0.25 earnings per share for the current year.

Paycor HCM 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.