Public Employees Retirement System of Ohio Sells 2,493 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Public Employees Retirement System of Ohio trimmed its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 10.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,504 shares of the company’s stock after selling 2,493 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Paycor HCM were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of PYCR. Moneta Group Investment Advisors LLC lifted its holdings in shares of Paycor HCM by 105,741.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,378,423 shares of the company’s stock valued at $205,020,000 after buying an additional 8,370,507 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Paycor HCM by 69.6% during the 1st quarter. Clearbridge Investments LLC now owns 4,506,633 shares of the company’s stock valued at $131,188,000 after buying an additional 1,849,370 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Paycor HCM by 32.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,387,001 shares of the company’s stock valued at $140,062,000 after buying an additional 1,316,954 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Paycor HCM by 26.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,770,922 shares of the company’s stock valued at $141,029,000 after buying an additional 992,074 shares during the period. Finally, Van Berkom & Associates Inc. bought a new position in shares of Paycor HCM during the 3rd quarter valued at $19,610,000. 36.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. BTIG Research started coverage on Paycor HCM in a report on Tuesday, February 6th. They set a “buy” rating and a $26.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 target price on shares of Paycor HCM in a report on Monday, March 18th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $22.00 target price (down from $27.00) on shares of Paycor HCM in a report on Friday, January 5th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.35.

Insider Activity

In other news, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $19.66, for a total transaction of $29,647.28. Following the completion of the transaction, the director now owns 19,988 shares in the company, valued at $392,964.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $19.66, for a total transaction of $29,647.28. Following the completion of the transaction, the director now owns 19,988 shares in the company, valued at $392,964.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alice L. Geene sold 1,428 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $20.15, for a total value of $28,774.20. Following the transaction, the insider now owns 111,543 shares of the company’s stock, valued at approximately $2,247,591.45. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

Paycor HCM Stock Performance

Shares of PYCR stock opened at $19.39 on Thursday. Paycor HCM, Inc. has a 52-week low of $17.13 and a 52-week high of $27.50. The firm has a market capitalization of $3.45 billion, a PE ratio of -40.40, a PEG ratio of 6.43 and a beta of 0.52. The stock has a fifty day simple moving average of $20.04 and a two-hundred day simple moving average of $21.06.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $159.54 million for the quarter, compared to analysts’ expectations of $155.49 million. Paycor HCM had a negative net margin of 13.82% and a positive return on equity of 1.28%. On average, sell-side analysts forecast that Paycor HCM, Inc. will post 0.15 EPS for the current fiscal 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.