GSA Capital Partners LLP Buys 37,691 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

GSA Capital Partners LLP raised its stake in Paycor HCM, Inc. (NASDAQ:PYCR) by 75.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 87,529 shares of the company’s stock after acquiring an additional 37,691 shares during the period. GSA Capital Partners LLP’s holdings in Paycor HCM were worth $1,242,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PYCR. Quantbot Technologies LP grew its position in shares of Paycor HCM by 35.1% in the 1st quarter. Quantbot Technologies LP now owns 17,334 shares of the company’s stock valued at $337,000 after buying an additional 4,504 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Paycor HCM in the 1st quarter valued at about $811,000. Oppenheimer Asset Management Inc. grew its position in shares of Paycor HCM by 16.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 20,616 shares of the company’s stock valued at $401,000 after buying an additional 2,917 shares during the last quarter. Swiss National Bank grew its position in shares of Paycor HCM by 14.8% in the 1st quarter. Swiss National Bank now owns 140,200 shares of the company’s stock valued at $2,725,000 after buying an additional 18,100 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Paycor HCM by 11.5% in the 1st quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock valued at $133,844,000 after buying an additional 710,370 shares during the last quarter. Institutional investors own 36.76% of the company’s stock.

Paycor HCM Stock Down 2.2 %

Shares of Paycor HCM stock opened at $17.10 on Friday. The company has a market cap of $3.07 billion, a PE ratio of -65.75, a price-to-earnings-growth ratio of 4.88 and a beta of 0.42. Paycor HCM, Inc. has a 52 week low of $10.92 and a 52 week high of $22.65. The business has a 50 day moving average price of $14.55 and a 200-day moving average price of $13.75.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $164.80 million during the quarter, compared to the consensus estimate of $161.14 million. Paycor HCM had a positive return on equity of 3.41% and a negative net margin of 6.72%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) earnings per share. As a group, research analysts anticipate that Paycor HCM, Inc. will post 0.25 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BMO Capital Markets upped their target price on Paycor HCM from $15.00 to $19.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Paycor HCM in a research report on Thursday, November 7th. UBS Group cut their target price on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. JPMorgan Chase & Co. cut their target price on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Finally, Truist Financial cut their target price on Paycor HCM from $33.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Paycor HCM has an average rating of “Hold” and a consensus price target of $19.06.

Insider Activity at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the sale, the director now directly owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. This trade represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.39% of the stock is currently owned by company 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.