Choreo LLC Acquires New Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

Choreo LLC bought a new position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,666 shares of the company’s stock, valued at approximately $150,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Paycor HCM by 11.5% in the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock valued at $133,844,000 after buying an additional 710,370 shares during the period. Conestoga Capital Advisors LLC increased its position in Paycor HCM by 2.8% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company’s stock valued at $86,886,000 after purchasing an additional 184,255 shares during the period. Clearbridge Investments LLC raised its holdings in Paycor HCM by 1.9% during the 1st quarter. Clearbridge Investments LLC now owns 6,344,522 shares of the company’s stock worth $123,338,000 after purchasing an additional 116,118 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Paycor HCM by 9.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,429,701 shares of the company’s stock worth $47,233,000 after purchasing an additional 213,313 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Paycor HCM by 54.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,201,807 shares of the company’s stock valued at $25,948,000 after purchasing an additional 422,785 shares during the last quarter. 36.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Paycor HCM from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Needham & Company LLC lowered their price objective on Paycor HCM from $42.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. BMO Capital Markets reissued a “market perform” rating and issued a $20.00 price objective on shares of Paycor HCM in a research note on Tuesday, June 11th. Truist Financial decreased their target price on Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Finally, Mizuho dropped their price target on Paycor HCM from $19.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 23rd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Paycor HCM currently has an average rating of “Hold” and a consensus target price of $19.27.

Paycor HCM Trading Down 3.1 %

PYCR opened at $14.02 on Friday. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $25.48. The company has a market cap of $2.50 billion, a price-to-earnings ratio of -34.44, a PEG ratio of 4.24 and a beta of 0.44. The company’s fifty day moving average price is $13.31 and its two-hundred day moving average price is $14.85.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. The company had revenue of $164.80 million for the quarter, compared to analyst estimates of $161.14 million. During the same quarter in the prior year, the business posted ($0.01) EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. As a group, equities analysts forecast that Paycor HCM, Inc. will post 0.25 earnings per share for the current fiscal 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.