Cresset Asset Management LLC Sells 23,475 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Cresset Asset Management LLC cut its position in Paycor HCM, Inc. (NASDAQ:PYCR) by 54.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,612 shares of the company’s stock after selling 23,475 shares during the period. Cresset Asset Management LLC’s holdings in Paycor HCM were worth $364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PYCR. Barclays PLC grew its stake 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 buying an additional 8,079 shares in the last quarter. Octavia Wealth Advisors LLC grew its stake 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 buying an additional 3,890 shares in the last quarter. MCF Advisors LLC bought a new position in Paycor HCM during the fourth quarter worth $27,000. Mutual Advisors LLC boosted its position in Paycor HCM by 25.2% during the fourth quarter. Mutual Advisors LLC now owns 19,741 shares of the company’s stock worth $367,000 after purchasing an additional 3,970 shares during the period. Finally, Fifth Third Bancorp boosted its position in Paycor HCM by 57.3% during the fourth quarter. Fifth Third Bancorp now owns 476,874 shares of the company’s stock worth $8,856,000 after purchasing an additional 173,752 shares during the period. 36.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PYCR has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Paycor HCM in a research report on Thursday, February 6th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $22.50 price objective (up from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Robert W. Baird reaffirmed a “neutral” rating and set a $22.50 price objective (down from $28.00) on shares of Paycor HCM in a research report on Friday, February 7th. Truist Financial reaffirmed a “hold” rating and set a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research report on Thursday, January 16th. Finally, Citigroup lifted their price objective on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Paycor HCM currently has an average rating of “Hold” and an average target price of $21.70.

Paycor HCM Price Performance

PYCR stock opened at $22.49 on Friday. The company has a market cap of $4.09 billion, a PE ratio of -187.40, a price-to-earnings-growth ratio of 3.84 and a beta of 0.50. The business has a 50-day simple moving average of $22.46 and a 200 day simple moving average of $20.88. Paycor HCM, Inc. has a 52 week low of $10.92 and a 52 week high of $23.49.

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.