13,933 Shares in Paycor HCM, Inc. (NASDAQ:PYCR) Acquired by Hardy Reed LLC

Hardy Reed LLC bought a new position in Paycor HCM, Inc. (NASDAQ:PYCR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,933 shares of the company’s stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PYCR. Conestoga Capital Advisors LLC raised its holdings in shares of Paycor HCM by 23.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company’s stock worth $128,772,000 after purchasing an additional 1,333,170 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Paycor HCM by 1,738.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 573,870 shares of the company’s stock valued at $10,657,000 after acquiring an additional 542,659 shares during the period. ING Groep NV acquired a new stake in shares of Paycor HCM during the third quarter valued at approximately $4,615,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Paycor HCM by 1,047.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 321,504 shares of the company’s stock valued at $4,562,000 after acquiring an additional 293,487 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of Paycor HCM by 57.3% during the fourth quarter. Fifth Third Bancorp now owns 476,874 shares of the company’s stock valued at $8,856,000 after acquiring an additional 173,752 shares during the period. 36.76% of the stock is currently owned by institutional investors.

Paycor HCM Price Performance

PYCR stock opened at $22.24 on Thursday. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $23.49. The firm has a 50 day moving average of $21.19 and a two-hundred day moving average of $17.16.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing the consensus estimate 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%. Research analysts anticipate that Paycor HCM, Inc. will post 0.3 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PYCR shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $22.50 price target (up previously from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. Mizuho boosted their price target on shares of Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Stephens restated an “equal weight” rating and set a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. JMP Securities restated a “market perform” rating on shares of Paycor HCM in a report on Thursday, February 6th. Finally, 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. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $21.53.

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.