15,290 Shares in Paycor HCM, Inc. (NASDAQ:PYCR) Purchased by AQR Capital Management LLC

AQR Capital Management LLC acquired a new stake in Paycor HCM, Inc. (NASDAQ:PYCR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,290 shares of the company’s stock, valued at approximately $192,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Paycor HCM by 11.5% in the 1st quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock valued at $133,844,000 after purchasing an additional 710,370 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in Paycor HCM by 2.8% in 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 boosted its holdings in 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 boosted its holdings 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 valued at $47,233,000 after purchasing an additional 213,313 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Paycor HCM by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock valued at $21,140,000 after purchasing an additional 192,633 shares during the period. Institutional investors own 36.76% of the company’s stock.

Paycor HCM Price Performance

PYCR stock opened at $14.36 on Friday. The company has a 50 day simple moving average of $13.85 and a 200 day simple moving average of $14.01. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of -35.02, a P/E/G ratio of 4.14 and a beta of 0.44. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $25.19.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $164.80 million during the quarter, compared to analysts’ expectations of $161.14 million. During the same period in the prior year, the company posted ($0.01) EPS. The company’s revenue was up 17.7% on a year-over-year basis. On average, equities research analysts anticipate that Paycor HCM, Inc. will post 0.25 EPS for the current fiscal year.

Insider Buying and Selling at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the completion of the transaction, the director now directly owns 21,218 shares in the company, valued at approximately $297,476.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

PYCR has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Citigroup boosted their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. BTIG Research dropped their target price on shares of Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Jefferies Financial Group dropped their target price on shares of Paycor HCM from $14.00 to $11.00 and set a “hold” rating for the company in a research report on Monday, June 24th. Finally, UBS Group dropped their target price on shares of Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.31.

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.