Raymond James Financial Inc. Purchases New Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Raymond James Financial Inc. acquired a new position in Paycor HCM, Inc. (NASDAQ:PYCR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 442,454 shares of the company’s stock, valued at approximately $8,216,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PYCR. MCF Advisors LLC acquired a new position in Paycor HCM in the fourth quarter worth $27,000. Blue Trust Inc. boosted its stake 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 in the last quarter. FMR LLC boosted its stake in Paycor HCM by 93.9% in the third quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after purchasing an additional 4,804 shares in the last quarter. Stifel Financial Corp boosted its stake in Paycor HCM by 7.8% in the third quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after purchasing an additional 981 shares in the last quarter. Finally, Hardy Reed LLC acquired a new position in Paycor HCM in the fourth quarter worth $259,000. Institutional investors and hedge funds own 36.76% of the company’s stock.

Wall Street Analyst Weigh In

PYCR has been the topic of a number of recent analyst reports. BMO Capital Markets reissued a “market perform” rating and issued a $22.50 price objective (down previously from $24.00) on shares of Paycor HCM in a research note on Wednesday, January 8th. Robert W. Baird reaffirmed a “neutral” rating and set a $22.50 price target (down previously from $28.00) on shares of Paycor HCM in a research note on Friday, February 7th. Mizuho upped their price target on Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Baird R W lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, TD Cowen lowered 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 issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.53.

Paycor HCM Trading Up 0.0 %

NASDAQ PYCR opened at $22.39 on Friday. The stock has a 50-day simple moving average of $22.22 and a 200 day simple moving average of $18.52. The company has a market capitalization of $4.07 billion, a PE ratio of -186.57, 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.

Paycor HCM (NASDAQ:PYCR) last released 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 negative net margin of 3.06% and a positive return on equity of 4.28%. As a group, sell-side analysts predict 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.