Teacher Retirement System of Texas Makes New Investment in Paycor HCM, Inc. (NASDAQ:PYCR)

Teacher Retirement System of Texas acquired a new stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 42,625 shares of the company’s stock, valued at approximately $792,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MCF Advisors LLC purchased a new stake in Paycor HCM during the 4th quarter worth approximately $27,000. Blue Trust Inc. lifted its stake in shares of Paycor HCM by 869.3% during the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after buying an additional 3,086 shares during the period. FMR LLC grew its holdings in shares of Paycor HCM by 93.9% during the third quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after buying an additional 4,804 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of Paycor HCM in the 4th quarter valued at $190,000. Finally, Stifel Financial Corp raised its stake in Paycor HCM by 7.8% in the 3rd quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after acquiring an additional 981 shares during the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Trading Down 0.1 %

NASDAQ PYCR opened at $22.43 on Monday. The stock has a 50-day moving average of $22.26 and a 200 day moving average of $18.85. Paycor HCM, Inc. has a twelve month low of $10.92 and a twelve month high of $23.49. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of -186.90, a PEG ratio of 3.84 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR) last released its earnings results 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 negative net margin of 3.06% and a positive return on equity of 4.28%. Equities analysts predict that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PYCR. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.50 price objective (up from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. Raymond James downgraded shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Monday, January 13th. TD Cowen downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Monday, January 20th. Mizuho raised 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. Finally, Stifel Nicolaus upped their price target on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $21.53.

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.