KLP Kapitalforvaltning AS Purchases New Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

KLP Kapitalforvaltning AS acquired a new position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,700 shares of the company’s stock, valued at approximately $310,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp boosted its holdings in shares of Paycor HCM by 7.8% during the 3rd quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after buying an additional 981 shares during the period. MCF Advisors LLC bought a new stake in shares of Paycor HCM during the fourth quarter worth approximately $27,000. Swiss National Bank grew its position in shares of Paycor HCM by 1.0% in the fourth quarter. Swiss National Bank now owns 175,800 shares of the company’s stock valued at $3,265,000 after purchasing an additional 1,800 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Paycor HCM by 3.3% during the fourth quarter. Rhumbline Advisers now owns 79,936 shares of the company’s stock worth $1,484,000 after purchasing an additional 2,527 shares during the period. Finally, Natixis Advisors LLC boosted its stake in Paycor HCM by 4.5% in the 4th quarter. Natixis Advisors LLC now owns 64,243 shares of the company’s stock valued at $1,193,000 after purchasing an additional 2,787 shares during the period. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on PYCR. Citizens Jmp cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. Baird R W lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Robert W. Baird reissued a “neutral” rating and issued a $22.50 price objective (down previously from $28.00) on shares of Paycor HCM in a report on Friday, February 7th. Mizuho raised their target price 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, Raymond James cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Paycor HCM currently has an average rating of “Hold” and a consensus target price of $21.53.

Paycor HCM Trading Down 0.3 %

Shares of NASDAQ PYCR opened at $22.40 on Friday. The company has a market cap of $4.07 billion, a price-to-earnings ratio of -186.65, a PEG ratio of 3.84 and a beta of 0.50. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $23.49. The stock has a 50-day moving average price of $22.29 and a two-hundred day moving average price of $19.12.

Paycor HCM (NASDAQ:PYCR) last released 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%. On average, sell-side analysts predict that Paycor HCM, Inc. will post 0.3 earnings per share for the current year.

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.