Fifth Third Bancorp Increases Stock Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Fifth Third Bancorp boosted its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 57.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 476,874 shares of the company’s stock after buying an additional 173,752 shares during the quarter. Fifth Third Bancorp owned approximately 0.27% of Paycor HCM worth $8,856,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Franklin Resources Inc. increased its holdings in shares of Paycor HCM by 2.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock valued at $23,220,000 after acquiring an additional 46,127 shares during the period. Dimensional Fund Advisors LP grew its stake in Paycor HCM by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock valued at $21,140,000 after purchasing an additional 192,633 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 worth $19,231,000 after purchasing an additional 132,662 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Paycor HCM by 8.1% during the third quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company’s stock valued at $16,478,000 after buying an additional 86,745 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Paycor HCM by 5.2% in 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. Institutional investors own 36.76% of the company’s stock.

Paycor HCM Price Performance

NASDAQ PYCR opened at $22.22 on Monday. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $23.49. The company has a market capitalization of $3.99 billion, a PE ratio of -85.46, a P/E/G ratio of 4.17 and a beta of 0.50. The company has a fifty day moving average of $19.73 and a 200 day moving average of $15.98.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Raymond James lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. Stifel Nicolaus upped their price target on Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group raised their price objective on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. TD Cowen lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 20th. Finally, Needham & Company LLC downgraded Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Paycor HCM has an average rating of “Hold” and a consensus price target of $21.81.

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.