Allspring Global Investments Holdings LLC Buys 542,659 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Allspring Global Investments Holdings LLC raised its stake in Paycor HCM, Inc. (NASDAQ:PYCR) by 1,738.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 573,870 shares of the company’s stock after purchasing an additional 542,659 shares during the period. Allspring Global Investments Holdings LLC owned 0.32% of Paycor HCM worth $10,657,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Stifel Financial Corp grew its holdings in shares of Paycor HCM by 7.8% during the third quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock valued at $192,000 after buying an additional 981 shares during the last quarter. Covestor Ltd grew its holdings in shares of Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after buying an additional 1,210 shares during the last quarter. MCF Advisors LLC acquired a new position in shares of Paycor HCM during the fourth quarter valued at about $27,000. Raymond James & Associates grew its holdings in shares of 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 buying an additional 1,834 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Paycor HCM by 1,923.0% during the third 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 during the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Paycor HCM Stock Up 0.2 %

NASDAQ PYCR opened at $22.23 on Wednesday. The company’s 50 day moving average is $21.14 and its 200-day moving average is $17.12. The firm has a market cap of $4.04 billion, a P/E ratio of -185.23, a price-to-earnings-growth ratio of 4.20 and a beta of 0.53. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $23.49.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.29% and a negative net margin of 3.06%. Equities analysts expect that Paycor HCM, Inc. will post 0.29 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on PYCR. Robert W. Baird restated a “neutral” rating and set a $22.50 price target (down from $28.00) on shares of Paycor HCM in a report on Friday, February 7th. Citigroup boosted their price target on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Stephens restated an “equal weight” rating and set a $22.50 price target (up from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. Mizuho boosted their price target on shares of Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $22.50 price target (up from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Paycor HCM has a consensus rating of “Hold” and a consensus price target of $21.53.

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.