XTX Topco Ltd Purchases Shares of 17,480 Paycor HCM, Inc. (NASDAQ:PYCR)

XTX Topco Ltd acquired a new position in Paycor HCM, Inc. (NASDAQ:PYCR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 17,480 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PYCR. Vanguard Group Inc. increased its holdings 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 in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of Paycor HCM by 2.8% during the second 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 last quarter. Clearbridge Investments LLC boosted its position in shares of Paycor HCM by 1.9% in the 1st quarter. Clearbridge Investments LLC now owns 6,344,522 shares of the company’s stock valued at $123,338,000 after purchasing an additional 116,118 shares during the period. Allspring Global Investments Holdings LLC increased its stake in 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Paycor HCM by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock valued at $21,140,000 after buying an additional 192,633 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors.

Paycor HCM Trading Up 0.3 %

PYCR opened at $14.04 on Monday. The stock has a market cap of $2.50 billion, a PE ratio of -34.24, a P/E/G ratio of 4.37 and a beta of 0.44. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $25.48. The stock’s 50 day simple moving average is $13.45 and its 200-day simple moving average is $14.53.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. BMO Capital Markets restated a “market perform” rating and issued a $20.00 price target on shares of Paycor HCM in a research report on Tuesday, June 11th. Mizuho lowered their target price 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. Needham & Company LLC lowered their price objective on shares of Paycor HCM from $42.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Stifel Nicolaus decreased their target price on shares of Paycor HCM from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Truist Financial cut their price objective on Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Paycor HCM has an average rating of “Hold” and a consensus price target of $19.40.

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.