TimesSquare Capital Management LLC Increases Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

TimesSquare Capital Management LLC grew its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 24.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 793,261 shares of the company’s stock after acquiring an additional 156,410 shares during the quarter. TimesSquare Capital Management LLC owned about 0.44% of Paycor HCM worth $14,731,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. purchased a new position in shares of Paycor HCM in the third quarter valued at $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Paycor HCM by 16.4% in 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 valued at $3,450,000 after purchasing an additional 34,336 shares in the last quarter. ING Groep NV purchased a new position in shares of Paycor HCM in the third quarter valued at $4,615,000. GSA Capital Partners LLP grew its holdings in shares of Paycor HCM by 75.6% in the third quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock valued at $1,242,000 after purchasing an additional 37,691 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Paycor HCM by 1,923.0% in the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after purchasing an additional 2,846 shares in the last quarter. 36.76% of the stock is owned by hedge funds and other institutional investors.

Paycor HCM Price Performance

PYCR stock opened at $22.24 on Thursday. The business has a 50-day moving average price of $21.19 and a 200 day moving average price of $17.16. The company has a market capitalization of $4.04 billion, a P/E ratio of -185.32, a PEG ratio of 3.83 and a beta of 0.53. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $23.49.

Paycor HCM (NASDAQ:PYCR) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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, analysts anticipate that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PYCR shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.50 target price (up from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. The Goldman Sachs Group lifted their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Mizuho lifted their price objective on shares of Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Stephens reaffirmed an “equal weight” rating and set a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. 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 note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus 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.