Oppenheimer Asset Management Inc. Sells 1,272 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Oppenheimer Asset Management Inc. lessened its position in Paycor HCM, Inc. (NASDAQ:PYCR) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,987 shares of the company’s stock after selling 1,272 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Paycor HCM were worth $227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Paycor HCM by 11.5% during 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 last quarter. Bank of New York Mellon Corp lifted its stake in Paycor HCM by 149.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock valued at $7,722,000 after acquiring an additional 364,025 shares during the period. Marshall Wace LLP boosted its holdings in shares of Paycor HCM by 1,234.9% during the 2nd quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock valued at $4,712,000 after acquiring an additional 343,194 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Paycor HCM by 207.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company’s stock valued at $5,907,000 after acquiring an additional 313,851 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Paycor HCM by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock worth $21,140,000 after acquiring an additional 192,633 shares during the period. Institutional investors own 36.76% of the company’s stock.

Paycor HCM Trading Up 1.5 %

Shares of PYCR opened at $16.40 on Thursday. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $22.65. The company has a market capitalization of $2.95 billion, a PE ratio of -63.08, a price-to-earnings-growth ratio of 4.02 and a beta of 0.42. The business’s 50 day moving average is $14.75 and its 200 day moving average is $13.70.

Insider Activity

In other news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction dated 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 approximately $297,476.36. The trade was a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.39% of the company’s stock.

Analyst Upgrades and Downgrades

PYCR has been the topic of several research reports. TD Cowen raised their target price on shares of Paycor HCM from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Jefferies Financial Group raised their target price on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. BTIG Research reduced their price target 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. Finally, Stephens assumed coverage on shares of Paycor HCM in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $19.06.

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.