Procyon Advisors LLC Cuts Stake in Paycor HCM, Inc. (NASDAQ:PYCR)

Procyon Advisors LLC lessened its stake in Paycor HCM, Inc. (NASDAQ:PYCR) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,472 shares of the company’s stock after selling 1,780 shares during the quarter. Procyon Advisors LLC’s holdings in Paycor HCM were worth $436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PYCR. Stifel Financial Corp increased its holdings in shares of Paycor HCM by 7.8% in the 3rd quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after purchasing an additional 981 shares in the last quarter. Covestor Ltd boosted its position in shares of Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after buying an additional 1,210 shares during the last quarter. Rhumbline Advisers increased its holdings in Paycor HCM by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock worth $863,000 after buying an additional 1,560 shares in the last quarter. Raymond James & Associates raised its position in Paycor HCM by 0.6% in the 3rd quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock worth $4,666,000 after buying an additional 1,834 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Paycor HCM by 10.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,514 shares of the company’s stock valued at $261,000 after acquiring an additional 1,964 shares during the period. Institutional investors own 36.76% of the company’s stock.

Paycor HCM Stock Performance

Shares of Paycor HCM stock opened at $22.10 on Friday. The company has a fifty day moving average of $19.24 and a 200 day moving average of $15.63. The company has a market capitalization of $3.97 billion, a P/E ratio of -85.00, a P/E/G ratio of 4.18 and a beta of 0.50. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $23.49.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PYCR shares. TD Cowen upgraded shares of Paycor HCM from a “hold” rating to a “buy” rating and lifted their price target for the stock from $18.00 to $22.00 in a research note on Monday, December 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $22.50 target price (down previously from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. The Goldman Sachs Group increased their price target on Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. JMP Securities reiterated a “market outperform” rating and set a $30.00 price objective on shares of Paycor HCM in a research report on Monday, January 6th. Finally, Jefferies Financial Group increased their target price on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.47.

Paycor HCM Company 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.