New York State Common Retirement Fund Buys 72,834 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

New York State Common Retirement Fund grew its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 47.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,968 shares of the company’s stock after buying an additional 72,834 shares during the period. New York State Common Retirement Fund’s holdings in Paycor HCM were worth $4,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Conestoga Capital Advisors LLC raised its position in shares of Paycor HCM by 23.8% during the fourth quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company’s stock valued at $128,772,000 after buying an additional 1,333,170 shares during the last quarter. Franklin Resources Inc. increased its position in Paycor HCM by 2.7% in the third quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock worth $23,220,000 after purchasing an additional 46,127 shares during the last quarter. Geode Capital Management LLC increased its position 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 during the last quarter. Rockefeller Capital Management L.P. increased its position in Paycor HCM by 8.1% in the third quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company’s stock worth $16,478,000 after purchasing an additional 86,745 shares during the last quarter. Finally, State Street Corp increased its position in Paycor HCM by 5.2% in the third quarter. State Street Corp now owns 1,111,032 shares of the company’s stock worth $15,766,000 after purchasing an additional 54,834 shares during the last quarter. Institutional investors own 36.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Raymond James cut shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. BMO Capital Markets restated a “market perform” rating and issued a $22.50 price target (down previously from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. Baird R W cut shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $22.50 price target (up previously from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Finally, TD Cowen lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 20th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.53.

Paycor HCM Trading Up 0.9 %

Shares of PYCR opened at $22.33 on Friday. The firm has a market capitalization of $4.06 billion, a P/E ratio of -186.07, a P/E/G 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. The firm has a fifty day moving average price of $21.52 and a 200-day moving average price of $17.62.

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

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.