42,625 Shares in Paycor HCM, Inc. (NASDAQ:PYCR) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 42,625 shares of the company’s stock, valued at approximately $792,000.

Other institutional investors have also modified their holdings of the company. Conestoga Capital Advisors LLC raised its holdings in Paycor HCM by 23.8% during the 4th quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company’s stock valued at $128,772,000 after buying an additional 1,333,170 shares during the period. Franklin Resources Inc. increased its position 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 during the last quarter. Geode Capital Management LLC raised its stake in shares of Paycor HCM by 10.9% in the third quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock valued at $19,231,000 after acquiring an additional 132,662 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Paycor HCM by 8.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company’s stock worth $16,478,000 after acquiring an additional 86,745 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Paycor HCM by 5.2% during the 3rd quarter. State Street Corp now owns 1,111,032 shares of the company’s stock worth $15,766,000 after purchasing an additional 54,834 shares during the period. 36.76% of the stock is owned by institutional investors.

Paycor HCM Stock Performance

Shares of PYCR opened at $22.43 on Monday. The company has a 50 day moving average price of $22.26 and a 200-day moving average price of $18.85. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $23.49. The stock has a market capitalization of $4.08 billion, a PE ratio of -186.90, a PEG ratio of 3.84 and a beta of 0.53.

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 4.28% and a negative net margin of 3.06%. Equities research analysts forecast that Paycor HCM, Inc. will post 0.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PYCR shares. Citizens Jmp lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. Stephens reiterated an “equal weight” rating and issued a $22.50 price target (up from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. JMP Securities restated a “market perform” rating on shares of Paycor HCM in a report on Thursday, February 6th. Robert W. Baird reaffirmed a “neutral” rating and issued a $22.50 price objective (down previously from $28.00) on shares of Paycor HCM in a research report on Friday, February 7th. Finally, TD Cowen downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 20th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.53.

Paycor HCM 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.