Trexquant Investment LP Trims Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Trexquant Investment LP decreased its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 67.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,593 shares of the company’s stock after selling 296,226 shares during the quarter. Trexquant Investment LP owned about 0.08% of Paycor HCM worth $2,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Paycor HCM by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 7,454,003 shares of the company’s stock worth $138,421,000 after buying an additional 226,807 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in Paycor HCM by 23.8% during the 4th quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company’s stock worth $128,772,000 after purchasing an additional 1,333,170 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Paycor HCM by 0.7% in the fourth quarter. Clearbridge Investments LLC now owns 6,386,128 shares of the company’s stock valued at $118,590,000 after buying an additional 47,007 shares during the period. Franklin Resources Inc. lifted its position in Paycor HCM by 15.5% during the fourth quarter. Franklin Resources Inc. now owns 2,003,288 shares of the company’s stock valued at $37,201,000 after buying an additional 269,179 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Paycor HCM by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 1,413,576 shares of the company’s stock worth $26,258,000 after buying an additional 58,730 shares during the period. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Stock Up 0.2 %

Shares of NASDAQ:PYCR opened at $22.45 on Tuesday. The company has a market cap of $4.08 billion, a PE ratio of -187.07, a P/E/G ratio of 3.84 and a beta of 0.50. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $23.49. The firm has a 50-day simple moving average of $22.29 and a 200 day simple moving average of $19.21.

Paycor HCM (NASDAQ:PYCR) last posted its 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 negative net margin of 3.06% and a positive return on equity of 4.28%. As a group, research analysts forecast that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

PYCR has been the topic of a number of research reports. Citigroup raised their target price on shares of Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Robert W. Baird restated a “neutral” rating and set a $22.50 price objective (down previously from $28.00) on shares of Paycor HCM in a research note on Friday, February 7th. Raymond James lowered Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. Mizuho boosted their price target on Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus 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.