The Manufacturers Life Insurance Company Has $260,000 Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

The Manufacturers Life Insurance Company trimmed its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 10.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,335 shares of the company’s stock after selling 2,179 shares during the period. The Manufacturers Life Insurance Company’s holdings in Paycor HCM were worth $260,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PYCR. Covestor Ltd raised its holdings in Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares during the period. Rhumbline Advisers grew its position in shares of Paycor HCM by 2.3% in the second quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock valued at $863,000 after purchasing an additional 1,560 shares during the last quarter. Fiera Capital Corp increased its position in Paycor HCM by 0.9% during the 2nd quarter. Fiera Capital Corp now owns 190,677 shares of the company’s stock worth $2,422,000 after buying an additional 1,629 shares during the period. Raymond James & Associates boosted its position in shares of Paycor HCM by 0.6% in the third quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock valued at $4,666,000 after acquiring an additional 1,834 shares during the period. Finally, CWM LLC increased its holdings in shares of Paycor HCM by 950.7% during the second quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after purchasing an additional 2,158 shares during the period. Institutional investors own 36.76% of the company’s stock.

Analysts Set New Price Targets

PYCR has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Paycor HCM in a research note on Friday, November 22nd. Jefferies Financial Group boosted their target price on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group upped their target price on Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Mizuho increased their target price on shares of Paycor HCM from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Citigroup upped their target price on Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.19.

Paycor HCM Trading Up 1.9 %

Shares of NASDAQ:PYCR opened at $20.35 on Tuesday. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $22.35. The stock has a market cap of $3.66 billion, a P/E ratio of -78.27, a P/E/G ratio of 4.79 and a beta of 0.51. The company has a 50 day moving average of $16.49 and a 200 day moving average of $14.25.

Insider Activity

In related news, Director Jeremy Rishel sold 3,723 shares of the firm’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 sale, the director now directly owns 21,218 shares of the company’s stock, valued at $297,476.36. This trade represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.