Stifel Financial Corp Increases Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Stifel Financial Corp grew its holdings in Paycor HCM, Inc. (NASDAQ:PYCR) by 7.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 13,498 shares of the company’s stock after acquiring an additional 981 shares during the quarter. Stifel Financial Corp’s holdings in Paycor HCM were worth $192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Prevail Innovative Wealth Advisors LLC boosted its holdings in Paycor HCM by 434.5% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company’s stock valued at $1,511,000 after purchasing an additional 96,736 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Paycor HCM by 16.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company’s stock valued at $3,450,000 after acquiring an additional 34,336 shares during the period. ING Groep NV purchased a new stake in Paycor HCM in the 3rd quarter valued at $4,615,000. Principal Financial Group Inc. acquired a new stake in Paycor HCM during the 3rd quarter worth $962,000. Finally, GSA Capital Partners LLP increased its position in Paycor HCM by 75.6% in the 3rd quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock valued at $1,242,000 after acquiring an additional 37,691 shares during the period. Institutional investors and hedge funds own 36.76% of the company’s stock.

Insider Transactions at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were 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 approximately $297,476.36. This represents a 14.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. TD Cowen upgraded shares of Paycor HCM from a “hold” rating to a “buy” rating and lifted their price objective for the company from $18.00 to $22.00 in a research report on Monday, December 2nd. Stifel Nicolaus lifted their target price on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group upped their price objective on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Mizuho raised their price objective on Paycor HCM from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Paycor HCM in a research report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Paycor HCM currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.56.

Paycor HCM Stock Down 1.5 %

Shares of NASDAQ:PYCR opened at $18.79 on Tuesday. The company has a market cap of $3.38 billion, a P/E ratio of -72.27, a P/E/G ratio of 4.79 and a beta of 0.51. The business has a fifty day simple moving average of $17.53 and a 200-day simple moving average of $14.71. Paycor HCM, Inc. has a 52 week low of $10.92 and a 52 week high of $21.72.

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.