Barclays PLC Purchases 8,079 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Barclays PLC lifted its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 50.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,991 shares of the company’s stock after acquiring an additional 8,079 shares during the quarter. Barclays PLC’s holdings in Paycor HCM were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Neo Ivy Capital Management acquired a new position in shares of Paycor HCM during the third quarter worth approximately $912,000. Geode Capital Management LLC boosted its stake in Paycor HCM by 10.9% in the third quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock valued at $19,231,000 after acquiring an additional 132,662 shares during the last quarter. XTX Topco Ltd raised its stake in shares of Paycor HCM by 27.7% in the third quarter. XTX Topco Ltd now owns 22,325 shares of the company’s stock valued at $317,000 after buying an additional 4,845 shares during the period. State Street Corp raised its position in shares of Paycor HCM by 5.2% in the third quarter. State Street Corp now owns 1,111,032 shares of the company’s stock valued at $15,766,000 after purchasing an additional 54,834 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of Paycor HCM by 7.8% during the 3rd quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock valued at $192,000 after purchasing an additional 981 shares during the period. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on PYCR shares. Raymond James cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. Truist Financial reaffirmed a “hold” rating and set a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research note on Thursday. The Goldman Sachs Group raised their target price on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Mizuho upped their price target on Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Finally, Needham & Company LLC cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.47.

Paycor HCM Price Performance

Shares of PYCR stock opened at $22.10 on Monday. The company’s fifty day moving average price is $19.24 and its 200-day moving average price is $15.65. Paycor HCM, Inc. has a one year low of $10.92 and a one year high of $23.49. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of -85.00, a PEG ratio of 4.18 and a beta of 0.50.

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.