Paycor HCM, Inc. (NASDAQ:PYCR) Shares Acquired by Archford Capital Strategies LLC

Archford Capital Strategies LLC boosted its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 188.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,604 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. Archford Capital Strategies LLC’s holdings in Paycor HCM were worth $389,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PYCR. International Assets Investment Management LLC raised its holdings in shares of Paycor HCM by 1,824.7% during the fourth quarter. International Assets Investment Management LLC now owns 3,195 shares of the company’s stock valued at $69,000 after buying an additional 3,029 shares during the last quarter. Handelsbanken Fonder AB bought a new stake in Paycor HCM during the 4th quarter valued at $203,000. Jennison Associates LLC raised its stake in Paycor HCM by 0.3% during the 4th quarter. Jennison Associates LLC now owns 2,242,698 shares of the company’s stock valued at $48,420,000 after acquiring an additional 5,918 shares in the last quarter. New York State Common Retirement Fund boosted its position in Paycor HCM by 4.2% during the 4th quarter. New York State Common Retirement Fund now owns 359,165 shares of the company’s stock worth $7,754,000 after acquiring an additional 14,439 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Paycor HCM by 18.5% in the fourth quarter. Victory Capital Management Inc. now owns 626,554 shares of the company’s stock worth $13,527,000 after purchasing an additional 97,594 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors.

Paycor HCM Trading Up 2.2 %

NASDAQ PYCR traded up $0.31 during trading on Friday, reaching $14.14. The company’s stock had a trading volume of 347,450 shares, compared to its average volume of 987,122. The stock has a market capitalization of $2.52 billion, a PE ratio of -33.73, a PEG ratio of 2.42 and a beta of 0.41. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $25.48. The business has a 50-day moving average price of $12.39 and a 200-day moving average price of $15.95.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PYCR. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Paycor HCM from $21.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, May 9th. The Goldman Sachs Group decreased their price objective on shares of Paycor HCM from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Stifel Nicolaus dropped their target price on Paycor HCM from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday. Mizuho decreased their price target on Paycor HCM from $19.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, July 23rd. Finally, Citigroup dropped their price objective on Paycor HCM from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Paycor HCM presently has an average rating of “Hold” and a consensus price target of $19.56.

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.