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

Nebula Research & Development LLC lessened its holdings in Paycor HCM, Inc. (NASDAQ:PYCR) by 28.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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.

A number of other institutional investors also recently bought and sold shares of PYCR. Principal Financial Group Inc. acquired a new position in Paycor HCM during the third quarter valued at $962,000. Franklin Resources Inc. raised its stake in shares of Paycor HCM by 2.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock valued at $23,220,000 after buying an additional 46,127 shares during the last quarter. Norges Bank acquired a new position in shares of Paycor HCM in the 4th quarter valued at about $18,485,000. Barclays PLC boosted 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 worth $340,000 after buying an additional 8,079 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings 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 acquiring an additional 173,752 shares during the period. 36.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PYCR has been the subject of a number of analyst reports. Truist Financial reissued a “hold” rating and issued a $22.50 price target (up from $20.00) on shares of Paycor HCM in a report on Thursday, January 16th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $22.50 price target (up from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. Raymond James cut shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Monday, January 13th. BMO Capital Markets reissued 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. Finally, Mizuho lifted their price target on Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.53.

Paycor HCM Stock Performance

Shares of PYCR stock opened at $22.49 on Monday. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $23.49. The stock’s fifty day moving average is $22.39 and its two-hundred day moving average is $20.15. The firm 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.

Paycor HCM (NASDAQ:PYCR) last issued its earnings results on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates 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%. On average, equities analysts forecast that Paycor HCM, Inc. will post 0.3 earnings per share 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.