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

Rockefeller Capital Management L.P. raised its stake in Paycor HCM, Inc. (NASDAQ:PYCR) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,161,032 shares of the company’s stock after acquiring an additional 86,745 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.65% of Paycor HCM worth $16,478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Prevail Innovative Wealth Advisors LLC grew its position in Paycor HCM by 434.5% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company’s stock valued at $1,511,000 after purchasing an additional 96,736 shares during the last quarter. ING Groep NV bought a new position in shares of Paycor HCM in the third quarter worth approximately $4,615,000. Principal Financial Group Inc. purchased a new stake in shares of Paycor HCM during the third quarter valued at approximately $962,000. GSA Capital Partners LLP increased its position in shares of Paycor HCM by 75.6% during the third quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock valued at $1,242,000 after acquiring an additional 37,691 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Paycor HCM in the 2nd quarter worth approximately $560,000. 36.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on PYCR. Stifel Nicolaus cut their target price on Paycor HCM from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Citigroup lifted their price objective on Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Stephens began coverage on shares of Paycor HCM in a report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price target on the stock. The Goldman Sachs Group boosted their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Finally, BMO Capital Markets raised their target price on shares of Paycor HCM from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.31.

Paycor HCM Trading Down 0.4 %

NASDAQ:PYCR opened at $18.06 on Monday. The company has a market cap of $3.24 billion, a price-to-earnings ratio of -69.46, a price-to-earnings-growth ratio of 4.42 and a beta of 0.42. Paycor HCM, Inc. has a twelve month low of $10.92 and a twelve month high of $22.65. The stock has a fifty day simple moving average of $15.30 and a 200-day simple moving average of $13.80.

Insiders Place Their Bets

In other news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were 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 owns 21,218 shares in the company, valued at approximately $297,476.36. The trade was a 14.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.39% of the company’s stock.

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.