ING Groep NV Acquires New Position in Paycor HCM, Inc. (NASDAQ:PYCR)

ING Groep NV bought a new position in Paycor HCM, Inc. (NASDAQ:PYCR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 325,200 shares of the company’s stock, valued at approximately $4,615,000. ING Groep NV owned about 0.18% of Paycor HCM at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Paycor HCM by 11.5% in the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock worth $133,844,000 after buying an additional 710,370 shares during the period. 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 purchasing an additional 364,025 shares during the period. Marshall Wace LLP lifted its position in Paycor HCM by 1,234.9% in the second quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock valued at $4,712,000 after purchasing an additional 343,194 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Paycor HCM by 207.5% during the second quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company’s stock valued at $5,907,000 after purchasing an additional 313,851 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Paycor HCM by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock worth $21,140,000 after purchasing an additional 192,633 shares during the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Insider Buying and Selling at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the sale, the director now directly owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. This represents a 14.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.39% of the stock is owned by company insiders.

Paycor HCM Price Performance

Shares of NASDAQ PYCR opened at $16.40 on Friday. The stock has a market cap of $2.95 billion, a P/E ratio of -63.08, a price-to-earnings-growth ratio of 4.88 and a beta of 0.42. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $22.65. The firm has a 50-day moving average of $14.61 and a 200 day moving average of $13.74.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Paycor HCM had a positive return on equity of 3.41% and a negative net margin of 6.72%. The firm had revenue of $164.80 million for the quarter, compared to analysts’ expectations of $161.14 million. During the same period in the previous year, the firm posted ($0.01) EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. Research analysts expect that Paycor HCM, Inc. will post 0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PYCR. Stifel Nicolaus lowered their price target on shares of Paycor HCM from $22.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Paycor HCM in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price target on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Mizuho lowered their price target on Paycor HCM from $19.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, July 23rd. Finally, BTIG Research cut their price objective on Paycor HCM from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.06.

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.