Paycor HCM, Inc. (NASDAQ:PYCR) Shares Purchased by Barclays PLC

Barclays PLC boosted its holdings in Paycor HCM, Inc. (NASDAQ:PYCR) by 50.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,991 shares of the company’s stock after purchasing an additional 8,079 shares during the quarter. Barclays PLC’s holdings in Paycor HCM were worth $340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Paycor HCM by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock valued at $21,140,000 after purchasing an additional 192,633 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Paycor HCM by 8.1% in the third quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company’s stock valued at $16,478,000 after purchasing an additional 86,745 shares in the last quarter. State Street Corp boosted its holdings in Paycor HCM by 5.2% in the third quarter. State Street Corp now owns 1,111,032 shares of the company’s stock valued at $15,766,000 after purchasing an additional 54,834 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Paycor HCM by 149.2% in the second quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock valued at $7,722,000 after purchasing an additional 364,025 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Paycor HCM by 28.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 488,779 shares of the company’s stock valued at $6,936,000 after purchasing an additional 108,602 shares in the last quarter. 36.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PYCR has been the subject of a number of research analyst reports. Stephens started coverage on Paycor HCM in a report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 price target for the company. Mizuho increased their price objective on Paycor HCM from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, December 13th. BMO Capital Markets raised Paycor HCM from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $19.00 to $24.00 in a report on Thursday, December 12th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Paycor HCM in a report on Friday, November 22nd. Finally, Jefferies Financial Group increased their price objective on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $20.56.

Paycor HCM Price Performance

Paycor HCM stock opened at $18.54 on Friday. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $21.72. The business has a 50 day simple moving average of $17.96 and a 200-day simple moving average of $14.94. The stock has a market capitalization of $3.33 billion, a PE ratio of -71.31, a price-to-earnings-growth ratio of 4.79 and a beta of 0.51.

Insiders Place Their Bets

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the completion of the transaction, the director now owns 21,218 shares in the company, valued at approximately $297,476.36. This represents a 14.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.39% of the stock is currently owned by company insiders.

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.