AlphaQuest LLC Decreases Stock Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

AlphaQuest LLC trimmed its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 52.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,931 shares of the company’s stock after selling 2,173 shares during the quarter. AlphaQuest LLC’s holdings in Paycor HCM were worth $36,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Paycor HCM during the fourth quarter valued at about $8,216,000. Charles Schwab Investment Management Inc. lifted its position in shares of Paycor HCM by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 495,259 shares of the company’s stock valued at $9,197,000 after buying an additional 6,480 shares during the last quarter. Hardy Reed LLC purchased a new stake in shares of Paycor HCM during the fourth quarter valued at about $259,000. Handelsbanken Fonder AB lifted its position in shares of Paycor HCM by 25.0% during the fourth quarter. Handelsbanken Fonder AB now owns 19,000 shares of the company’s stock valued at $353,000 after buying an additional 3,800 shares during the last quarter. Finally, Ieq Capital LLC raised its position in shares of Paycor HCM by 507.2% in the 4th quarter. Ieq Capital LLC now owns 102,220 shares of the company’s stock valued at $1,898,000 after purchasing an additional 85,385 shares during the last quarter. 36.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PYCR has been the subject of several research analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $22.50 price objective (down from $28.00) on shares of Paycor HCM in a research report on Friday, February 7th. Baird R W lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Raymond James lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Citigroup increased their price objective on shares of Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.53.

Paycor HCM Price Performance

Shares of NASDAQ PYCR opened at $22.38 on Friday. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of -186.48, a PEG 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’s 50 day simple moving average is $22.22 and its 200-day simple moving average is $18.43.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings data 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%. Analysts anticipate that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal 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.