Charles Schwab Investment Management Inc. Increases Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Charles Schwab Investment Management Inc. lifted its position in Paycor HCM, Inc. (NASDAQ:PYCR) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 495,259 shares of the company’s stock after purchasing an additional 6,480 shares during the period. Charles Schwab Investment Management Inc. owned about 0.28% of Paycor HCM worth $9,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. purchased a new stake in shares of Paycor HCM in the third quarter worth $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Paycor HCM by 16.4% during the third 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 in the last quarter. Franklin Resources Inc. grew its stake in Paycor HCM by 2.7% during the third quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock valued at $23,220,000 after acquiring an additional 46,127 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Paycor HCM by 1,047.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 321,504 shares of the company’s stock valued at $4,562,000 after acquiring an additional 293,487 shares in the last quarter. Finally, Barclays PLC grew its stake in Paycor HCM by 50.8% during the third quarter. Barclays PLC now owns 23,991 shares of the company’s stock valued at $340,000 after acquiring an additional 8,079 shares in the last quarter. 36.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PYCR has been the subject of several research analyst reports. Citizens Jmp cut shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Citigroup raised their target price on shares of Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Raymond James lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. JMP Securities restated a “market perform” rating on shares of Paycor HCM in a report on Thursday, February 6th. Finally, Stifel Nicolaus raised their target price on shares of Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.53.

Paycor HCM Stock Performance

NASDAQ PYCR opened at $22.39 on Friday. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -186.57, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53. The company’s 50-day simple moving average is $22.22 and its two-hundred day simple moving average is $18.52. Paycor HCM, Inc. has a one year low of $10.92 and a one year high of $23.49.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.28% and a negative net margin of 3.06%. Equities analysts expect that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.

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.