Centiva Capital LP Has $555,000 Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

Centiva Capital LP reduced its holdings in Paycor HCM, Inc. (NASDAQ:PYCR) by 27.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,867 shares of the company’s stock after selling 11,266 shares during the period. Centiva Capital LP’s holdings in Paycor HCM were worth $555,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PYCR. Franklin Resources Inc. increased its position in shares of Paycor HCM by 2.7% in 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. Norges Bank bought a new stake in shares of Paycor HCM during the 4th quarter worth approximately $18,485,000. Fifth Third Bancorp boosted its holdings in shares of Paycor HCM by 57.3% in the 4th quarter. Fifth Third Bancorp now owns 476,874 shares of the company’s stock valued at $8,856,000 after buying an additional 173,752 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Paycor HCM by 171.5% in the fourth quarter. Principal Financial Group Inc. now owns 184,073 shares of the company’s stock valued at $3,418,000 after buying an additional 116,262 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in Paycor HCM during the fourth quarter worth $190,000. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PYCR shares. Robert W. Baird reissued a “neutral” rating and issued a $22.50 price objective (down previously from $28.00) on shares of Paycor HCM in a research report on Friday, February 7th. Citigroup boosted their price target on Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Raymond James cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. TD Cowen lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Monday, January 20th. Finally, Truist Financial reaffirmed a “hold” rating and set a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.70.

Paycor HCM Price Performance

NASDAQ PYCR opened at $22.49 on Friday. The firm has a 50-day moving average price of $22.44 and a two-hundred day moving average price of $20.65. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $23.49. The company has a market capitalization 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.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share (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%. Equities analysts expect that Paycor HCM, Inc. will post 0.3 EPS for the current year.

About Paycor HCM

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.