Mcmorgan & Co. LLC Reduces Stock Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Mcmorgan & Co. LLC reduced its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,396 shares of the company’s stock after selling 1,045 shares during the quarter. Mcmorgan & Co. LLC owned approximately 0.09% of Paycor HCM worth $2,904,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PYCR. First Trust Advisors LP bought a new position in Paycor HCM in the fourth quarter worth about $6,274,000. Marshall Wace LLP boosted its position in shares of Paycor HCM by 3.8% during the fourth quarter. Marshall Wace LLP now owns 675,970 shares of the company’s stock valued at $12,553,000 after purchasing an additional 25,050 shares in the last quarter. Walleye Capital LLC grew its stake in Paycor HCM by 11.7% in the fourth quarter. Walleye Capital LLC now owns 24,030 shares of the company’s stock worth $446,000 after purchasing an additional 2,516 shares during the period. Barclays PLC raised its holdings in Paycor HCM by 948.7% in the fourth quarter. Barclays PLC now owns 251,596 shares of the company’s stock worth $4,673,000 after purchasing an additional 227,605 shares in the last quarter. Finally, Next Century Growth Investors LLC purchased a new position in Paycor HCM during the fourth quarter valued at $24,106,000. 36.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on PYCR shares. Robert W. Baird reissued a “neutral” rating and set a $22.50 price objective (down previously from $28.00) on shares of Paycor HCM in a research note on Friday, February 7th. BMO Capital Markets reaffirmed a “market perform” rating and set a $22.50 price objective (down previously from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. Raymond James downgraded Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Monday, January 13th. JMP Securities restated a “market perform” rating on shares of Paycor HCM in a report on Thursday, February 6th. Finally, Citigroup upped their price target on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Paycor HCM presently has an average rating of “Hold” and an average price target of $21.53.

Paycor HCM Stock Performance

PYCR stock opened at $22.49 on Friday. The company has a market cap of $4.09 billion, a price-to-earnings ratio of -187.40, a P/E/G ratio of 3.84 and a beta of 0.50. The business’s 50-day moving average is $22.36 and its two-hundred day moving average is $19.79. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $23.49.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Equities analysts predict 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.