BNP Paribas Financial Markets Purchases Shares of 490,881 Paycor HCM, Inc. (NASDAQ:PYCR)

BNP Paribas Financial Markets purchased a new stake in Paycor HCM, Inc. (NASDAQ:PYCR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 490,881 shares of the company’s stock, valued at approximately $9,116,000. BNP Paribas Financial Markets owned 0.27% of Paycor HCM at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its position in shares of Paycor HCM by 50.8% in the third quarter. Barclays PLC now owns 23,991 shares of the company’s stock valued at $340,000 after acquiring an additional 8,079 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Paycor HCM in the fourth quarter valued at about $273,000. Octavia Wealth Advisors LLC increased its position in shares of Paycor HCM by 38.5% in the fourth quarter. Octavia Wealth Advisors LLC now owns 14,002 shares of the company’s stock valued at $260,000 after acquiring an additional 3,890 shares during the last quarter. MCF Advisors LLC acquired a new stake in shares of Paycor HCM in the fourth quarter valued at about $27,000. Finally, Mutual Advisors LLC increased its position in shares of Paycor HCM by 25.2% in the fourth quarter. Mutual Advisors LLC now owns 19,741 shares of the company’s stock valued at $367,000 after acquiring an additional 3,970 shares during the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Stock Performance

Paycor HCM stock opened at $22.49 on Monday. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $23.49. The stock’s 50 day moving average is $22.44 and its 200-day moving average is $20.74. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -187.40, a PEG ratio of 3.84 and a beta of 0.50.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup lifted their target price on Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Raymond James downgraded Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. Truist Financial reissued a “hold” rating and set a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research report on Thursday, January 16th. Baird R W downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Robert W. Baird reissued a “neutral” rating and set a $22.50 price target (down previously from $28.00) on shares of Paycor HCM in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.70.

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.