Wealth Enhancement Advisory Services LLC Acquires New Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Wealth Enhancement Advisory Services LLC bought a new position in Paycor HCM, Inc. (NASDAQ:PYCR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,065 shares of the company’s stock, valued at approximately $157,000.

Other large investors also recently made changes to their positions in the company. CWM LLC boosted its position in Paycor HCM by 950.7% during the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after acquiring an additional 2,158 shares during the period. International Assets Investment Management LLC raised its stake in shares of Paycor HCM by 1,923.0% during the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after purchasing an additional 2,846 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Paycor HCM by 52.4% in the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after purchasing an additional 1,178 shares during the period. Quarry LP bought a new position in Paycor HCM in the 2nd quarter valued at about $69,000. Finally, HighMark Wealth Management LLC increased its stake in Paycor HCM by 100.0% during the 2nd quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock valued at $98,000 after buying an additional 3,865 shares during the period. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Stock Up 0.2 %

PYCR stock opened at $17.51 on Wednesday. The company has a 50 day moving average of $14.35 and a two-hundred day moving average of $13.70. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $22.65. The company has a market cap of $3.13 billion, a price-to-earnings ratio of -67.23, a PEG ratio of 5.29 and a beta of 0.42.

Paycor HCM (NASDAQ:PYCR) last released 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. Paycor HCM had a positive return on equity of 3.42% and a negative net margin of 6.72%. The firm had revenue of $164.80 million during the quarter, compared to analysts’ expectations of $161.14 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, research analysts anticipate that Paycor HCM, Inc. will post 0.25 EPS for the current year.

Wall Street Analyst Weigh In

PYCR has been the subject of a number of research analyst reports. Truist Financial cut their target price on Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of Paycor HCM in a report on Thursday, November 7th. BMO Capital Markets boosted their price target on shares of Paycor HCM from $15.00 to $19.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. The Goldman Sachs Group reduced their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Finally, Citigroup boosted their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.06.

Insider Transactions at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.39% of the company’s stock.

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.