Paycor HCM, Inc. (NASDAQ:PYCR) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 3.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,524 shares of the company’s stock after selling 550 shares during the quarter. Truist Financial Corp’s holdings in Paycor HCM were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MCF Advisors LLC acquired a new stake in shares of Paycor HCM in the 4th quarter worth approximately $27,000. International Assets Investment Management LLC raised its holdings in Paycor HCM by 1,923.0% during 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 in the last quarter. Blue Trust Inc. lifted its position in Paycor HCM by 869.3% in the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after purchasing an additional 3,086 shares during the period. Covestor Ltd boosted its stake in Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after purchasing an additional 1,210 shares in the last quarter. Finally, FMR LLC increased its position in shares of Paycor HCM by 93.9% during the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after purchasing an additional 4,804 shares during the period. Institutional investors and hedge funds own 36.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PYCR. The Goldman Sachs Group upped their price objective on Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Citizens Jmp lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. Mizuho boosted their target price on shares of Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Baird R W lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Robert W. Baird restated a “neutral” rating and issued a $22.50 price target (down previously from $28.00) on shares of Paycor HCM in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.53.

Paycor HCM Price Performance

Shares of NASDAQ PYCR opened at $22.35 on Thursday. The business has a 50-day moving average of $21.71 and a 200-day moving average of $17.84. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of -186.23, a PEG ratio of 3.84 and a beta of 0.53. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $23.49.

Paycor HCM (NASDAQ:PYCR) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts expect that Paycor HCM, Inc. will post 0.3 EPS for the current year.

Paycor HCM Company 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.