Balyasny Asset Management L.P. Sells 60,798 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Balyasny Asset Management L.P. lowered its stake in Paycor HCM, Inc. (NASDAQ:PYCR) by 10.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 507,845 shares of the company’s stock after selling 60,798 shares during the quarter. Balyasny Asset Management L.P. owned 0.28% of Paycor HCM worth $9,431,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new stake in Paycor HCM during the 4th quarter valued at $9,116,000. Ameriprise Financial Inc. raised its stake in shares of Paycor HCM by 15.1% during the fourth quarter. Ameriprise Financial Inc. now owns 448,348 shares of the company’s stock valued at $8,326,000 after acquiring an additional 58,840 shares during the last quarter. Comerica Bank boosted its holdings in shares of Paycor HCM by 3.3% during the fourth quarter. Comerica Bank now owns 516,533 shares of the company’s stock worth $9,592,000 after purchasing an additional 16,640 shares during the period. AQR Capital Management LLC grew its stake in shares of Paycor HCM by 224.9% in the fourth quarter. AQR Capital Management LLC now owns 569,725 shares of the company’s stock worth $10,580,000 after purchasing an additional 394,374 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Paycor HCM by 3.0% during the 4th quarter. Northern Trust Corp now owns 1,066,733 shares of the company’s stock valued at $19,809,000 after purchasing an additional 30,819 shares during the period. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Price Performance

Shares of Paycor HCM stock opened at $22.49 on Friday. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $23.49. The firm’s 50-day moving average is $22.44 and its 200 day moving average is $20.65. The stock has a market cap of $4.09 billion, a price-to-earnings 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 earnings per share (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%. On average, equities analysts expect that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

PYCR has been the topic of a number of recent analyst reports. JMP Securities reiterated a “market perform” rating on shares of Paycor HCM in a research report on Thursday, February 6th. Robert W. Baird reissued 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. Stephens reaffirmed an “equal weight” rating and issued a $22.50 target price (up from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $22.50 price target (up previously from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Finally, Truist Financial restated a “hold” rating and issued a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.70.

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.