Shell Asset Management Co. Sells 584 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Posted by Defense World Staff on Mar 2nd, 2023

Shell Asset Management Co. lessened its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR – Get Rating) by 11.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,351 shares of the company’s stock after selling 584 shares during the period. Shell Asset Management Co.’s holdings in Paycor HCM were worth $129,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its holdings in shares of Paycor HCM by 98.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 17,657 shares of the company’s stock worth $522,000 after buying an additional 8,765 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Paycor HCM by 11.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 72,880 shares of the company’s stock worth $2,154,000 after buying an additional 7,418 shares during the last quarter. ExodusPoint Capital Management LP increased its holdings in shares of Paycor HCM by 233.5% in the 3rd quarter. ExodusPoint Capital Management LP now owns 39,956 shares of the company’s stock worth $1,181,000 after buying an additional 27,975 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Paycor HCM by 231.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 26,064 shares of the company’s stock worth $770,000 after buying an additional 18,189 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Paycor HCM by 44.7% in the 3rd quarter. Bessemer Group Inc. now owns 136,322 shares of the company’s stock worth $4,030,000 after buying an additional 42,112 shares during the last quarter. Institutional investors own 32.26% of the company’s stock.

Paycor HCM Stock Down 0.6 %

Shares of PYCR opened at $24.62 on Thursday. The stock has a market capitalization of $4.34 billion, a P/E ratio of -43.19 and a beta of 0.43. The firm has a fifty day simple moving average of $24.90 and a two-hundred day simple moving average of $27.42. Paycor HCM, Inc. has a twelve month low of $20.14 and a twelve month high of $34.95.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PYCR. Needham & Company LLC reissued a “buy” rating and issued a $42.00 price target on shares of Paycor HCM in a report on Tuesday, February 21st. Raymond James reduced their target price on shares of Paycor HCM from $36.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 9th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Paycor HCM from $36.00 to $29.00 in a report on Monday, January 23rd. Moffett Nathanson initiated coverage on shares of Paycor HCM in a report on Monday, January 9th. They set a “market perform” rating and a $28.00 target price on the stock. Finally, The Goldman Sachs Group reduced their target price on shares of Paycor HCM from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, November 3rd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $33.77.

Insider Buying and Selling at Paycor HCM

In other news, insider Alice L. Geene sold 1,147 shares of the firm’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $24.22, for a total value of $27,780.34. Following the completion of the sale, the insider now directly owns 57,956 shares of the company’s stock, valued at approximately $1,403,694.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $23.68, for a total value of $35,709.44. Following the completion of the sale, the director now directly owns 24,326 shares of the company’s stock, valued at approximately $576,039.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alice L. Geene sold 1,147 shares of the firm’s stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $24.22, for a total transaction of $27,780.34. Following the completion of the sale, the insider now directly owns 57,956 shares of the company’s stock, valued at $1,403,694.32. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

Paycor HCM Company Profile

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Paycor HCM, Inc, through 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. The company's SaaS based people management products include Cor HCM, a complete suite of HCM tools spanning HR, onboarding, payroll, compensation management, employee surveys, expenses, and reporting and analytics; Workforce Management, a solution with flexible time entry, overtime calculations, and scheduling capabilities with real-time payroll synchronization; Benefits Administration, a decision support solution to help leaders to streamline and optimize company's benefits administration; and Talent Management, an integrated compensation and performance management solution.