MCF Advisors LLC Takes $27,000 Position in Paycor HCM, Inc. (NASDAQ:PYCR)

MCF Advisors LLC acquired a new position in Paycor HCM, Inc. (NASDAQ:PYCR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,458 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new position in Paycor HCM during the 3rd quarter worth approximately $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Paycor HCM by 16.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company’s stock worth $3,450,000 after buying an additional 34,336 shares during the last quarter. ING Groep NV acquired a new position in Paycor HCM in the third quarter valued at $4,615,000. GSA Capital Partners LLP boosted its position in Paycor HCM by 75.6% during the third quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock valued at $1,242,000 after acquiring an additional 37,691 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Paycor HCM during the 2nd quarter worth about $560,000. 36.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PYCR shares. Needham & Company LLC lowered Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Citigroup increased their price target on Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Stifel Nicolaus lifted their price objective on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. JMP Securities reissued a “market outperform” rating and set a $30.00 target price on shares of Paycor HCM in a research note on Monday, January 6th. Finally, Citizens Jmp downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Paycor HCM has an average rating of “Hold” and a consensus price target of $21.81.

Paycor HCM Trading Down 0.1 %

Shares of NASDAQ:PYCR opened at $22.10 on Thursday. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $23.49. The stock has a market cap of $3.97 billion, a PE ratio of -85.00, a price-to-earnings-growth ratio of 4.17 and a beta of 0.50. The stock’s fifty day simple moving average is $19.51 and its two-hundred day simple moving average is $15.83.

Paycor HCM Company 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.