Jane Street Group LLC Sells 1,430 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Jane Street Group LLC cut its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,460 shares of the company’s stock after selling 1,430 shares during the quarter. Jane Street Group LLC’s holdings in Paycor HCM were worth $858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Paycor HCM by 13.1% during the 2nd 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 last quarter. Rockefeller Capital Management L.P. increased its position in shares of Paycor HCM by 8.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company’s stock valued at $16,478,000 after purchasing an additional 86,745 shares during the last quarter. State Street Corp raised its holdings in shares of Paycor HCM by 5.2% during the 3rd quarter. State Street Corp now owns 1,111,032 shares of the company’s stock valued at $15,766,000 after buying an additional 54,834 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Paycor HCM by 149.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock worth $7,722,000 after buying an additional 364,025 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Paycor HCM by 28.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 488,779 shares of the company’s stock valued at $6,936,000 after buying an additional 108,602 shares during the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on PYCR shares. Jefferies Financial Group lifted their price target on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Stephens started coverage on shares of Paycor HCM in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 target price on the stock. The Goldman Sachs Group increased their price target on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research 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 report on Friday, December 13th. Finally, BMO Capital Markets raised Paycor HCM from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $19.00 to $24.00 in a research note on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Paycor HCM has an average rating of “Moderate Buy” and an average target price of $20.56.

Insider Transactions at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the transaction, the director now owns 21,218 shares in the company, valued at $297,476.36. The trade was a 14.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.39% of the company’s stock.

Paycor HCM Price Performance

NASDAQ:PYCR opened at $18.57 on Thursday. The firm has a market capitalization of $3.34 billion, a P/E ratio of -71.42, a PEG ratio of 4.79 and a beta of 0.51. Paycor HCM, Inc. has a one year low of $10.92 and a one year high of $21.72. The company’s 50-day simple moving average is $17.70 and its 200 day simple moving average is $14.81.

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.