Cwm LLC Increases Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

Cwm LLC lifted its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 450.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,135 shares of the company’s stock after acquiring an additional 10,750 shares during the quarter. Cwm LLC’s holdings in Paycor HCM were worth $186,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in Paycor HCM by 52.4% during the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after acquiring an additional 1,178 shares during the period. Quarry LP acquired a new stake in shares of Paycor HCM in the second quarter valued at about $69,000. HighMark Wealth Management LLC increased its stake in Paycor HCM by 100.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock valued at $98,000 after purchasing an additional 3,865 shares in the last quarter. nVerses Capital LLC purchased a new stake in Paycor HCM during the second quarter worth $123,000. Finally, Choreo LLC acquired a new stake in Paycor HCM in the second quarter valued at $150,000. 36.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the sale, the director now directly owns 21,218 shares of the company’s stock, valued at $297,476.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lowered their price target on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. UBS Group cut 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 note on Friday, August 16th. Stephens initiated coverage on shares of Paycor HCM in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 price objective for the company. Finally, The Goldman Sachs Group reduced their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Paycor HCM currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.56.

Paycor HCM Trading Down 1.6 %

NASDAQ:PYCR opened at $14.10 on Thursday. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of -34.39, a PEG ratio of 4.44 and a beta of 0.44. Paycor HCM, Inc. has a twelve month low of $10.92 and a twelve month high of $23.82. The firm’s fifty day simple moving average is $13.93 and its 200 day simple moving average is $13.90.

Paycor HCM (NASDAQ:PYCR) last released its earnings results on Wednesday, August 14th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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 positive return on equity of 2.98% and a negative net margin of 9.00%. The business’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) EPS. On average, analysts predict that Paycor HCM, Inc. will post 0.25 earnings per share for the current year.

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.