Geode Capital Management LLC Has $19.23 Million Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Geode Capital Management LLC grew its holdings in Paycor HCM, Inc. (NASDAQ:PYCR) by 10.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,354,846 shares of the company’s stock after buying an additional 132,662 shares during the quarter. Geode Capital Management LLC owned 0.75% of Paycor HCM worth $19,231,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PYCR. International Assets Investment Management LLC boosted its stake 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 valued at $42,000 after buying an additional 2,846 shares in the last quarter. Quarry LP bought a new position in shares of Paycor HCM during the second quarter valued at $69,000. Covestor Ltd boosted its stake in shares of Paycor HCM by 29.4% in the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after purchasing an additional 1,210 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Paycor HCM in the 2nd quarter worth about $123,000. Finally, FMR LLC increased its position in shares of Paycor HCM by 93.9% during the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after purchasing an additional 4,804 shares in the last quarter. 36.76% of the stock is owned by institutional investors.

Insider Buying and Selling

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 sale, the director now owns 21,218 shares of the company’s stock, valued at $297,476.36. This trade represents a 14.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PYCR shares. Citigroup lifted their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. BMO Capital Markets raised Paycor HCM from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $19.00 to $24.00 in a research note on Thursday, December 12th. Stifel Nicolaus raised their target price on Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Stephens started coverage on shares of Paycor HCM in a research report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price target on the stock. Finally, TD Cowen upgraded shares of Paycor HCM from a “hold” rating to a “buy” rating and raised their price objective for the company from $18.00 to $22.00 in a research report on Monday, December 2nd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Paycor HCM currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.56.

Paycor HCM Stock Down 1.3 %

Shares of Paycor HCM stock opened at $19.07 on Friday. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $21.99. The business’s 50 day moving average is $17.53 and its 200-day moving average is $14.69. The stock has a market cap of $3.43 billion, a P/E ratio of -73.35, a P/E/G ratio of 4.79 and a beta of 0.51.

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.