Clearbridge Investments LLC Grows Stock Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Clearbridge Investments LLC raised its holdings in Paycor HCM, Inc. (NASDAQ:PYCR) by 0.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,386,128 shares of the company’s stock after acquiring an additional 47,007 shares during the period. Clearbridge Investments LLC owned 3.51% of Paycor HCM worth $118,590,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. MCF Advisors LLC purchased a new position in Paycor HCM during the fourth quarter worth about $27,000. Blue Trust Inc. lifted its holdings in shares of Paycor HCM by 869.3% during the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after acquiring an additional 3,086 shares during the period. FMR LLC boosted its position in shares of Paycor HCM by 93.9% in the third quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after acquiring an additional 4,804 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Paycor HCM in the fourth quarter valued at approximately $190,000. Finally, Stifel Financial Corp increased its position in Paycor HCM by 7.8% during the third quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after purchasing an additional 981 shares during the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Price Performance

NASDAQ PYCR opened at $22.43 on Monday. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of -186.90, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $23.49. The company’s fifty day moving average price is $22.26 and its two-hundred day moving average price is $18.85.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.28% and a negative net margin of 3.06%. As a group, analysts anticipate that Paycor HCM, Inc. will post 0.3 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $22.50 price target (up previously from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. Stifel Nicolaus boosted their price target on Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. BMO Capital Markets restated a “market perform” rating and set a $22.50 price target (down from $24.00) on shares of Paycor HCM in a research note on Wednesday, January 8th. Truist Financial reaffirmed a “hold” rating and issued a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. Finally, Citizens Jmp cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.53.

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.