Pictet Asset Management Holding SA Purchases 2,554 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Pictet Asset Management Holding SA raised its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 20.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,056 shares of the company’s stock after acquiring an additional 2,554 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Paycor HCM were worth $280,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Paycor HCM by 28.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 488,779 shares of the company’s stock valued at $6,936,000 after purchasing an additional 108,602 shares during the period. FMR LLC lifted its stake in Paycor HCM by 93.9% in 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Paycor HCM by 16.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company’s stock valued at $3,450,000 after buying an additional 34,336 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Paycor HCM by 23.3% during the 3rd quarter. Captrust Financial Advisors now owns 25,543 shares of the company’s stock worth $362,000 after buying an additional 4,829 shares in the last quarter. Finally, Stifel Financial Corp grew its position in shares of Paycor HCM by 7.8% during the 3rd quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after buying an additional 981 shares during the period. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PYCR has been the topic of several research analyst reports. Stifel Nicolaus increased their target price on shares of Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird reissued a “neutral” rating and set a $22.50 price objective (down previously from $28.00) on shares of Paycor HCM in a research report on Friday, February 7th. TD Cowen lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 20th. Citizens Jmp downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, Citigroup raised their price objective on Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.53.

Paycor HCM Price Performance

Shares of NASDAQ PYCR opened at $22.45 on Friday. The business’s fifty day moving average price is $22.32 and its 200-day moving average price is $19.43. Paycor HCM, Inc. has a one year low of $10.92 and a one year high of $23.49. The stock has a market capitalization of $4.08 billion, a PE ratio of -187.07, a P/E/G ratio of 3.84 and a beta of 0.50.

Paycor HCM (NASDAQ:PYCR) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 EPS 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%. As a group, equities analysts expect that Paycor HCM, Inc. will post 0.3 EPS 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.