Truist Financial Corp Sells 550 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Truist Financial Corp lessened its holdings in Paycor HCM, Inc. (NASDAQ:PYCR) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,524 shares of the company’s stock after selling 550 shares during the period. Truist Financial Corp’s holdings in Paycor HCM were worth $325,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PYCR. Principal Financial Group Inc. bought a new position in Paycor HCM during the third quarter valued at $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Paycor HCM by 16.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company’s stock valued at $3,450,000 after purchasing an additional 34,336 shares during the last quarter. ING Groep NV purchased a new stake in Paycor HCM in the 3rd quarter worth about $4,615,000. GSA Capital Partners LLP raised its position in Paycor HCM by 75.6% in the 3rd quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock worth $1,242,000 after purchasing an additional 37,691 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Paycor HCM by 1,923.0% in the third 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. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PYCR shares. Baird R W lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $22.50 price target (up previously from $21.00) on shares of Paycor HCM in a research note on Wednesday, January 22nd. The Goldman Sachs Group increased their price objective on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Robert W. Baird restated a “neutral” rating and set a $22.50 price objective (down from $28.00) on shares of Paycor HCM in a report on Friday, February 7th. Finally, Stifel Nicolaus upped their target price on Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.53.

Paycor HCM Stock Performance

Shares of PYCR stock opened at $22.35 on Thursday. The stock has a 50 day simple moving average of $21.71 and a 200-day simple moving average of $17.84. The company has a market cap of $4.06 billion, a price-to-earnings ratio of -186.23, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $23.49.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.28% and a negative net margin of 3.06%. On average, equities analysts forecast that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.

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.