Riverbridge Partners LLC Boosts Stock Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Riverbridge Partners LLC increased its stake in Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 49.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,885,899 shares of the company's stock after acquiring an additional 623,998 shares during the quarter. Riverbridge Partners LLC owned approximately 1.06% of Paycor HCM worth $40,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PYCR. Raymond James & Associates increased its holdings in Paycor HCM by 55.3% in the 1st quarter. Raymond James & Associates now owns 36,562 shares of the company's stock worth $1,064,000 after acquiring an additional 13,021 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Paycor HCM by 14.4% in the 1st quarter. Bank of New York Mellon Corp now owns 173,629 shares of the company's stock worth $5,055,000 after acquiring an additional 21,808 shares in the last quarter. US Bancorp DE increased its holdings in Paycor HCM by 31.1% in the 1st quarter. US Bancorp DE now owns 7,683 shares of the company's stock worth $224,000 after acquiring an additional 1,822 shares in the last quarter. Citigroup Inc. increased its holdings in Paycor HCM by 1,025.1% in the 1st quarter. Citigroup Inc. now owns 163,112 shares of the company's stock worth $4,748,000 after acquiring an additional 148,614 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Paycor HCM by 63.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,435 shares of the company's stock worth $305,000 after acquiring an additional 4,053 shares in the last quarter. Hedge funds and other institutional investors own 36.76% of the company's stock.

Paycor HCM Stock Performance

Shares of PYCR stock traded up $0.17 on Thursday, hitting $18.17. 954,763 shares of the stock traded hands, compared to its average volume of 714,246. The firm's 50-day moving average price is $19.88 and its two-hundred day moving average price is $20.89. The stock has a market capitalization of $3.23 billion, a PE ratio of -37.85, a PEG ratio of 6.10 and a beta of 0.50. Paycor HCM, Inc. has a twelve month low of $17.13 and a twelve month high of $27.50.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $159.54 million for the quarter, compared to analysts' expectations of $155.49 million. Paycor HCM had a positive return on equity of 1.28% and a negative net margin of 13.82%. On average, equities research analysts anticipate that Paycor HCM, Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Jefferies Financial Group reissued a "hold" rating and issued a $22.00 price target (down previously from $27.00) on shares of Paycor HCM in a report on Friday, January 5th. BTIG Research started coverage on shares of Paycor HCM in a report on Tuesday, February 6th. They set a "buy" rating and a $26.00 target price for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $42.00 target price on shares of Paycor HCM in a report on Monday, March 18th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $27.35.

Insiders Place Their Bets

In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $19.66, for a total transaction of $29,647.28. Following the completion of the transaction, the director now owns 19,988 shares of the company's stock, valued at $392,964.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Jonathan Corr sold 1,508 shares of Paycor HCM stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $19.66, for a total value of $29,647.28. Following the completion of the transaction, the director now owns 19,988 shares in the company, valued at $392,964.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alice L. Geene sold 1,428 shares of Paycor HCM stock in a transaction that occurred 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 transaction, the insider now 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. 0.39% of the stock is currently owned by insiders.

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.

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