Fifth Third Bancorp Raises Stock Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Fifth Third Bancorp increased its stake in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 1,611.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 408,173 shares of the company's stock after purchasing an additional 384,327 shares during the period. Fifth Third Bancorp owned approximately 0.23% of Paycor HCM worth $8,812,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Moneta Group Investment Advisors LLC grew its position in Paycor HCM by 105,741.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,378,423 shares of the company's stock valued at $205,020,000 after acquiring an additional 8,370,507 shares during the last quarter. Clearbridge Investments LLC grew its position in Paycor HCM by 0.5% in the third quarter. Clearbridge Investments LLC now owns 5,682,420 shares of the company's stock valued at $129,730,000 after acquiring an additional 25,925 shares during the last quarter. Vanguard Group Inc. grew its position in Paycor HCM by 4.5% in the third quarter. Vanguard Group Inc. now owns 5,474,111 shares of the company's stock valued at $124,974,000 after acquiring an additional 237,398 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Paycor HCM by 32.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,387,001 shares of the company's stock valued at $140,062,000 after acquiring an additional 1,316,954 shares during the last quarter. Finally, Invesco Ltd. grew its position in Paycor HCM by 2.5% in the third quarter. Invesco Ltd. now owns 3,214,382 shares of the company's stock valued at $73,384,000 after acquiring an additional 79,602 shares during the last quarter. Institutional investors own 36.76% of the company's stock.

Insiders Place Their Bets

In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of Paycor HCM stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $19.66, for a total value of $29,647.28. Following the completion of the sale, the director now directly owns 19,988 shares in the company, valued at $392,964.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Jonathan Corr sold 1,508 shares of the company's stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $19.66, for a total transaction of $29,647.28. Following the transaction, the director now directly owns 19,988 shares of the company's stock, valued at $392,964.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alice L. Geene sold 1,428 shares of Paycor HCM stock in a transaction on Friday, January 19th. The shares were sold at an average price of $20.15, for a total transaction of $28,774.20. Following the completion of the sale, the insider now directly owns 111,543 shares of the company's stock, valued at approximately $2,247,591.45. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PYCR has been the topic of a number of recent research reports. Jefferies Financial Group reissued a "hold" rating and set a $22.00 price target (down from $27.00) on shares of Paycor HCM in a research note on Friday, January 5th. BTIG Research initiated coverage on Paycor HCM in a research note on Tuesday, February 6th. They set a "buy" rating and a $26.00 price target on the stock. Finally, Needham & Company LLC reissued a "buy" rating and set a $42.00 price target on shares of Paycor HCM in a research note on Monday, March 18th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Paycor HCM presently has an average rating of "Hold" and an average price target of $27.35.

Paycor HCM Price Performance

Shares of Paycor HCM stock traded down $0.58 during midday trading on Monday, reaching $18.86. The company had a trading volume of 1,047,513 shares, compared to its average volume of 698,100. The stock has a fifty day moving average price of $20.01 and a 200 day moving average price of $20.99. The firm has a market cap of $3.36 billion, a PE ratio of -39.29, a P/E/G ratio of 6.50 and a beta of 0.50. Paycor HCM, Inc. has a fifty-two week low of $17.13 and a fifty-two week high of $27.50.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last issued its earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). The business had revenue of $159.54 million during the quarter, compared to the consensus estimate of $155.49 million. Paycor HCM had a positive return on equity of 1.28% and a negative net margin of 13.82%. As a group, sell-side analysts forecast that Paycor HCM, Inc. will post 0.15 EPS 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.