Hel Ved Capital Management Ltd Acquires New Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Hel Ved Capital Management Ltd bought a new position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 127,910 shares of the company’s stock, valued at approximately $2,375,000. Hel Ved Capital Management Ltd owned about 0.07% of Paycor HCM at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position 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 buying an additional 108,602 shares during the last quarter. FMR LLC lifted its holdings 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Paycor HCM by 16.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company’s stock valued at $3,450,000 after purchasing an additional 34,336 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Paycor HCM by 23.3% during the 3rd quarter. Captrust Financial Advisors now owns 25,543 shares of the company’s stock valued at $362,000 after purchasing an additional 4,829 shares during the last quarter. Finally, Centiva Capital LP increased its position in Paycor HCM by 38.2% during the 3rd quarter. Centiva Capital LP now owns 41,133 shares of the company’s stock worth $584,000 after purchasing an additional 11,376 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Trading Down 0.3 %

PYCR stock opened at $22.40 on Friday. The firm has a market cap of $4.07 billion, a PE ratio of -186.65, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53. The stock has a 50-day moving average price of $22.29 and a 200-day moving average price of $19.08. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $23.49.

Paycor HCM (NASDAQ:PYCR) last issued its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, analysts forecast that Paycor HCM, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PYCR has been the topic of a number of research reports. TD Cowen cut shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 20th. JMP Securities restated a “market perform” rating on shares of Paycor HCM in a research report on Thursday, February 6th. Baird R W downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. 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 report on Wednesday, January 8th. Finally, Stephens reiterated an “equal weight” rating and issued a $22.50 price objective (up previously from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Paycor HCM has an average rating of “Hold” and an average target price 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.