Prevail Innovative Wealth Advisors LLC Has $1.92 Million Stock Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Prevail Innovative Wealth Advisors LLC cut its position in Paycor HCM, Inc. (NASDAQ:PYCR) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,613 shares of the company’s stock after selling 15,385 shares during the period. Prevail Innovative Wealth Advisors LLC owned 0.06% of Paycor HCM worth $1,924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC bought a new position in Paycor HCM in the 4th quarter valued at $27,000. Blue Trust Inc. raised its position in shares of Paycor HCM by 869.3% in the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $64,000 after purchasing an additional 3,086 shares during the period. FMR LLC lifted its stake in shares of Paycor HCM by 93.9% during the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after buying an additional 4,804 shares in the last quarter. HighTower Advisors LLC bought a new position in Paycor HCM in the 4th quarter worth approximately $190,000. Finally, Stifel Financial Corp grew its stake in Paycor HCM by 7.8% in the 3rd quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock valued at $192,000 after buying an additional 981 shares in the last quarter. 36.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup raised their price target on Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Needham & Company LLC cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a report 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 report on Friday, January 10th. Citizens Jmp downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.50 target price (up previously from $21.00) on shares of Paycor HCM in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Paycor HCM has an average rating of “Hold” and an average price target of $21.53.

Paycor HCM Stock Performance

PYCR stock opened at $22.43 on Friday. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of -186.90, a PEG ratio of 3.84 and a beta of 0.53. The firm has a 50 day moving average price of $22.26 and a 200-day moving average price of $18.82. Paycor HCM, Inc. has a 52-week low of $10.92 and a 52-week high of $23.49.

Paycor HCM (NASDAQ:PYCR) last released its earnings results on Wednesday, February 5th. The company reported $0.07 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%. As a group, sell-side analysts forecast that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal 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.