Paycor HCM, Inc. (NASDAQ:PYCR) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,734,109 shares of the company’s stock after buying an additional 46,127 shares during the quarter. Franklin Resources Inc. owned 0.97% of Paycor HCM worth $23,220,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. CWM LLC grew its stake in shares of Paycor HCM by 950.7% in the second quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after buying an additional 2,158 shares in the last quarter. Bank of New York Mellon Corp grew its position in Paycor HCM by 149.2% in the second quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock valued at $7,722,000 after acquiring an additional 364,025 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of Paycor HCM by 2.8% during the second quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company’s stock valued at $86,886,000 after purchasing an additional 184,255 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Paycor HCM by 72.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,241 shares of the company’s stock worth $244,000 after purchasing an additional 8,094 shares in the last quarter. Finally, HighMark Wealth Management LLC boosted its stake in shares of Paycor HCM by 100.0% in the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock valued at $98,000 after purchasing an additional 3,865 shares during the period. 36.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PYCR. TD Cowen raised 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. The Goldman Sachs Group boosted their price target on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. BMO Capital Markets raised Paycor HCM from a “market perform” rating to an “outperform” rating and increased their price target for the company from $19.00 to $24.00 in a report on Thursday, December 12th. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Paycor HCM in a report on Friday, November 22nd. Finally, Citigroup increased their target price on Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.56.

Paycor HCM Stock Up 0.7 %

Shares of NASDAQ:PYCR opened at $19.71 on Friday. The company has a market cap of $3.54 billion, a PE ratio of -75.81, a P/E/G ratio of 4.79 and a beta of 0.51. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $22.35. The firm has a 50-day simple moving average of $16.89 and a 200 day simple moving average of $14.38.

Insider Buying and Selling at Paycor HCM

In other 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 sale, the director now directly owns 21,218 shares in the company, valued at approximately $297,476.36. This represents a 14.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.39% of the stock is currently owned by 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.