Bridgefront Capital LLC Purchases Shares of 13,283 Paycor HCM, Inc. (NASDAQ:PYCR)

Bridgefront Capital LLC purchased a new stake in Paycor HCM, Inc. (NASDAQ:PYCR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,283 shares of the company’s stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PYCR. Barclays PLC lifted its stake in Paycor HCM by 50.8% in the 3rd quarter. Barclays PLC now owns 23,991 shares of the company’s stock worth $340,000 after purchasing an additional 8,079 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Paycor HCM by 2.7% during the third quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock valued at $23,220,000 after acquiring an additional 46,127 shares during the last quarter. Diversified Trust Co acquired a new stake in Paycor HCM in the 4th quarter valued at approximately $273,000. Octavia Wealth Advisors LLC raised its holdings in shares of Paycor HCM by 38.5% in the 4th quarter. Octavia Wealth Advisors LLC now owns 14,002 shares of the company’s stock valued at $260,000 after buying an additional 3,890 shares during the period. Finally, MCF Advisors LLC purchased a new stake in Paycor HCM during the fourth quarter worth about $27,000. 36.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PYCR has been the topic of several analyst reports. Citizens Jmp cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Baird R W cut shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Stephens reissued an “equal weight” rating and issued a $22.50 target price (up previously from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. JMP Securities reaffirmed a “market perform” rating on shares of Paycor HCM in a report on Thursday, February 6th. Finally, Raymond James downgraded Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Monday, January 13th. One investment 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.53.

Paycor HCM Stock Performance

Shares of Paycor HCM stock opened at $22.49 on Friday. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $23.49. The company has a market capitalization of $4.09 billion, a P/E ratio of -187.40, a PEG ratio of 3.84 and a beta of 0.50. The company’s fifty day moving average is $22.44 and its two-hundred day moving average is $20.60.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly 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%. As a group, equities analysts expect that Paycor HCM, Inc. will post 0.3 earnings per share for the current year.

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.