Principal Financial Group Inc. Acquires Shares of 67,811 Paycor HCM, Inc. (NASDAQ:PYCR)

Principal Financial Group Inc. acquired a new stake in Paycor HCM, Inc. (NASDAQ:PYCR) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 67,811 shares of the company’s stock, valued at approximately $962,000.

Other hedge funds have also modified their holdings of the company. CWM LLC grew its position in Paycor HCM by 950.7% in the second quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after acquiring an additional 2,158 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Paycor HCM by 1,923.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after purchasing an additional 2,846 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Paycor HCM by 52.4% during the 1st 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 in the last quarter. Quarry LP bought a new position in Paycor HCM during the 2nd quarter valued at about $69,000. Finally, HighMark Wealth Management LLC boosted its position in Paycor HCM by 100.0% in the second 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 in the last quarter. 36.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the 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 sale, the director now directly owns 21,218 shares in the company, valued at $297,476.36. This trade represents a 14.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.39% of the company’s stock.

Paycor HCM Price Performance

Shares of NASDAQ PYCR opened at $17.48 on Friday. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $22.65. The firm has a market capitalization of $3.14 billion, a P/E ratio of -67.23, a P/E/G ratio of 4.20 and a beta of 0.42. The company’s 50 day simple moving average is $14.88 and its 200 day simple moving average is $13.69.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PYCR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Paycor HCM in a report on Friday. Jefferies Financial Group lifted their price objective on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. TD Cowen increased their target price on Paycor HCM from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Citigroup raised their target price on Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Finally, BMO Capital Markets upped 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. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.