Rockefeller Capital Management L.P. Buys 86,745 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Rockefeller Capital Management L.P. boosted its position in Paycor HCM, Inc. (NASDAQ:PYCR) by 8.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,161,032 shares of the company’s stock after purchasing an additional 86,745 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Paycor HCM were worth $16,478,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Paycor HCM by 149.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock worth $7,722,000 after acquiring an additional 364,025 shares in the last quarter. Marshall Wace LLP grew its holdings in Paycor HCM by 1,234.9% in the second quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock worth $4,712,000 after purchasing an additional 343,194 shares during the last quarter. ING Groep NV acquired a new position in shares of Paycor HCM during the third quarter worth $4,615,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Paycor HCM by 207.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company’s stock valued at $5,907,000 after purchasing an additional 313,851 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Paycor HCM by 1,047.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 321,504 shares of the company’s stock worth $4,562,000 after purchasing an additional 293,487 shares in the last quarter. 36.76% of the stock is owned by hedge funds and other institutional investors.

Paycor HCM Stock Down 0.4 %

NASDAQ PYCR opened at $18.06 on Monday. The firm has a market cap of $3.24 billion, a P/E ratio of -69.46, a P/E/G ratio of 4.42 and a beta of 0.42. The business’s 50-day moving average price is $15.30 and its 200 day moving average price is $13.80. Paycor HCM, Inc. has a 52-week low of $10.92 and a 52-week high of $22.65.

Insider Activity at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value 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 $297,476.36. This trade represents a 14.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PYCR shares. Stifel Nicolaus reduced their target price on Paycor HCM from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Truist Financial lowered their target price on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. JPMorgan Chase & Co. decreased their price target on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. TD Cowen boosted their price objective on shares of Paycor HCM from $15.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Finally, UBS Group lowered their price target on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a research report 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. According to data from MarketBeat.com, Paycor HCM has an average rating of “Hold” and a consensus target price of $19.31.

About Paycor HCM

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.