Advisors Asset Management Inc. Sells 706 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Advisors Asset Management Inc. reduced its position in Paycor HCM, Inc. (NASDAQ:PYCR) by 21.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,543 shares of the company’s stock after selling 706 shares during the period. Advisors Asset Management Inc.’s holdings in Paycor HCM were worth $36,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also 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 valued at $133,844,000 after buying an additional 710,370 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Paycor HCM by 6.9% during the 1st quarter. California State Teachers Retirement System now owns 70,413 shares of the company’s stock valued at $1,369,000 after purchasing an additional 4,536 shares during the last quarter. CWM LLC lifted its holdings in Paycor HCM by 950.7% during the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after purchasing an additional 2,158 shares during the last quarter. SG Americas Securities LLC boosted its position in Paycor HCM by 226.5% during the second quarter. SG Americas Securities LLC now owns 136,159 shares of the company’s stock worth $1,729,000 after purchasing an additional 94,454 shares during the period. Finally, Archford Capital Strategies LLC increased its holdings in shares of Paycor HCM by 188.6% in the second quarter. Archford Capital Strategies LLC now owns 30,604 shares of the company’s stock valued at $389,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors own 36.76% of the company’s stock.

Analyst Upgrades and Downgrades

PYCR has been the subject of several research analyst reports. Truist Financial reduced their target price on shares of 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 boosted their price objective on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Stifel Nicolaus lowered their target price on Paycor HCM from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. BMO Capital Markets boosted their price target on Paycor HCM from $15.00 to $19.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. lowered their price objective on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Paycor HCM has a consensus rating of “Hold” and an average target price of $19.31.

Insider Activity

In related news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the transaction, the director now directly owns 21,218 shares of the company’s stock, valued at $297,476.36. This trade represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.39% of the company’s stock.

Paycor HCM Stock Down 0.4 %

PYCR opened at $18.06 on Friday. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of -69.46, a P/E/G ratio of 4.44 and a beta of 0.42. Paycor HCM, Inc. has a twelve month low of $10.92 and a twelve month high of $22.65. The company has a 50-day simple moving average of $15.30 and a 200 day simple moving average of $13.80.

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.