GSA Capital Partners LLP Has $1.24 Million Stock Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

GSA Capital Partners LLP boosted its position in Paycor HCM, Inc. (NASDAQ:PYCR) by 75.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,529 shares of the company’s stock after buying an additional 37,691 shares during the quarter. GSA Capital Partners LLP’s holdings in Paycor HCM were worth $1,242,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PYCR. Covestor Ltd increased its position in shares of Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Paycor HCM during the 3rd quarter worth approximately $962,000. US Bancorp DE increased its position in shares of Paycor HCM by 46.0% during the 3rd quarter. US Bancorp DE now owns 16,558 shares of the company’s stock worth $235,000 after purchasing an additional 5,216 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Paycor HCM during the 3rd quarter worth approximately $157,000. Finally, International Assets Investment Management LLC increased its position in shares of Paycor HCM by 1,923.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after purchasing an additional 2,846 shares during the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction 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 transaction, the director now owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. The trade was a 14.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.39% of the stock is owned by insiders.

Paycor HCM Stock Performance

NASDAQ:PYCR opened at $17.10 on Friday. The stock has a fifty day moving average price of $14.55 and a 200-day moving average price of $13.75. The company has a market cap of $3.07 billion, a price-to-earnings ratio of -65.75, a PEG ratio of 4.88 and a beta of 0.42. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $22.65.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Paycor HCM had a positive return on equity of 3.41% and a negative net margin of 6.72%. The company had revenue of $164.80 million during the quarter, compared to analysts’ expectations of $161.14 million. During the same quarter in the previous year, the firm earned ($0.01) EPS. Paycor HCM’s revenue was up 17.7% on a year-over-year basis. Research analysts predict that Paycor HCM, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PYCR shares. Stephens started coverage on Paycor HCM in a research report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price target on the stock. Mizuho reduced their target price on Paycor HCM from $19.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, July 23rd. Citigroup lifted their target price on Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. BTIG Research reduced their target price on Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, UBS Group reduced their target price on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Paycor HCM has a consensus rating of “Hold” and an average target price of $19.06.

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.