Paycor HCM, Inc. (NASDAQ:PYCR) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC trimmed its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 28.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,386 shares of the company’s stock after selling 17,665 shares during the quarter. Nebula Research & Development LLC’s holdings in Paycor HCM were worth $843,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PYCR. MCF Advisors LLC purchased a new position in Paycor HCM during the fourth quarter worth about $27,000. Tower Research Capital LLC TRC boosted its position in shares of Paycor HCM by 273.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,164 shares of the company’s stock worth $59,000 after purchasing an additional 2,317 shares during the period. Blue Trust Inc. increased its holdings in Paycor HCM by 869.3% in the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $64,000 after purchasing an additional 3,086 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Paycor HCM by 71.4% in the 4th quarter. Sterling Capital Management LLC now owns 4,502 shares of the company’s stock valued at $84,000 after purchasing an additional 1,875 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in Paycor HCM in the fourth quarter valued at approximately $190,000. 36.76% of the stock is currently owned by hedge funds and other institutional investors.

Paycor HCM Stock Performance

NASDAQ:PYCR opened at $22.49 on Monday. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $23.49. The stock has a market cap of $4.09 billion, a P/E ratio of -187.40, a P/E/G ratio of 3.84 and a beta of 0.50. The stock has a 50-day simple moving average of $22.39 and a 200-day simple moving average of $20.15.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share 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%. On average, equities research analysts predict that Paycor HCM, Inc. will post 0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PYCR shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $22.50 price target (up from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Citizens Jmp downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. Needham & Company LLC lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Citigroup raised their price objective 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. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $22.50 target price (down from $24.00) on shares of Paycor HCM in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.53.

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.