Riverbridge Partners LLC Trims Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

Riverbridge Partners LLC lessened its position in Paycor HCM, Inc. (NASDAQ:PYCR) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,252,299 shares of the company’s stock after selling 213,962 shares during the quarter. Riverbridge Partners LLC owned approximately 1.25% of Paycor HCM worth $41,825,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PYCR. MCF Advisors LLC bought a new stake in Paycor HCM during the fourth quarter worth about $27,000. International Assets Investment Management LLC raised its stake in Paycor HCM by 1,923.0% during the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after buying an additional 2,846 shares during the last quarter. Quarry LP bought a new stake in Paycor HCM in the second quarter worth $69,000. Covestor Ltd raised its position in shares of Paycor HCM by 29.4% in the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares during the last quarter. Finally, FMR LLC boosted its stake in Paycor HCM by 93.9% in the 3rd 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. 36.76% of the stock is owned by hedge funds and other institutional investors.

Paycor HCM Trading Down 0.1 %

Shares of PYCR stock opened at $22.10 on Thursday. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $23.49. The stock has a market cap of $3.97 billion, a P/E ratio of -85.00, a P/E/G ratio of 4.17 and a beta of 0.50. The company has a 50 day simple moving average of $19.51 and a two-hundred day simple moving average of $15.83.

Analyst Upgrades and Downgrades

PYCR has been the subject of a number of analyst reports. Raymond James lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. Mizuho upped their price objective on Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Citigroup lifted their target price on Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. TD Cowen cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, The Goldman Sachs Group boosted their target price on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.81.

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.