Capstone Investment Advisors LLC Sells 8,246 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Capstone Investment Advisors LLC reduced its stake in Paycor HCM, Inc. (NASDAQ:PYCR) by 37.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,829 shares of the company’s stock after selling 8,246 shares during the period. Capstone Investment Advisors LLC’s holdings in Paycor HCM were worth $196,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Conestoga Capital Advisors LLC increased its holdings in shares of Paycor HCM by 2.8% in the second quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company’s stock worth $86,886,000 after purchasing an additional 184,255 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Paycor HCM by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock valued at $21,140,000 after buying an additional 192,633 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Paycor HCM by 8.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company’s stock valued at $16,478,000 after buying an additional 86,745 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Paycor HCM by 149.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock worth $7,722,000 after acquiring an additional 364,025 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Paycor HCM by 28.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 488,779 shares of the company’s stock worth $6,936,000 after acquiring an additional 108,602 shares in the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Price Performance

PYCR stock opened at $18.06 on Monday. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $22.65. The firm’s 50-day moving average is $15.30 and its 200 day moving average is $13.80. The company has a market capitalization of $3.24 billion, a PE ratio of -69.46, a P/E/G ratio of 4.42 and a beta of 0.42.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PYCR. Truist Financial cut their target price on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. The Goldman Sachs Group lifted their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. BMO Capital Markets upped their target price on shares of Paycor HCM from $15.00 to $19.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Stifel Nicolaus dropped their price target on Paycor HCM from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, Citigroup upped their price objective on Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.31.

Insiders Place Their Bets

In other news, Director Jeremy Rishel sold 3,723 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total transaction of $52,196.46. Following the transaction, the director now owns 21,218 shares in the company, valued at approximately $297,476.36. This trade represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.39% of the company’s stock.

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.