Hel Ved Capital Management Ltd Makes New $2.38 Million Investment in Paycor HCM, Inc. (NASDAQ:PYCR)

Hel Ved Capital Management Ltd acquired a new stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 127,910 shares of the company’s stock, valued at approximately $2,375,000.

A number of other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. bought a new stake in Paycor HCM during the 3rd quarter valued at $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Paycor HCM by 16.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company’s stock valued at $3,450,000 after buying an additional 34,336 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Paycor HCM by 2.7% during the third quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock worth $23,220,000 after acquiring an additional 46,127 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Paycor HCM by 28.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 488,779 shares of the company’s stock worth $6,936,000 after acquiring an additional 108,602 shares during the last quarter. Finally, Barclays PLC lifted its position in Paycor HCM by 50.8% in the 3rd quarter. Barclays PLC now owns 23,991 shares of the company’s stock valued at $340,000 after acquiring an additional 8,079 shares in the last quarter. 36.76% of the stock is owned by institutional investors and hedge funds.

Paycor HCM Stock Performance

PYCR stock opened at $22.40 on Friday. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $23.49. The stock has a fifty day moving average of $22.29 and a 200-day moving average of $19.08. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -186.65, a PEG ratio of 3.84 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR) last issued its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.28% and a negative net margin of 3.06%. Equities analysts predict that Paycor HCM, Inc. will post 0.3 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Robert W. Baird reissued a “neutral” rating and issued a $22.50 price objective (down from $28.00) on shares of Paycor HCM in a research note on Friday, February 7th. Truist Financial reissued a “hold” rating and issued a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research report on Thursday, January 16th. BMO Capital Markets reaffirmed a “market perform” rating and set a $22.50 price objective (down from $24.00) on shares of Paycor HCM in a report on Wednesday, January 8th. Stifel Nicolaus increased their target price on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Citigroup boosted their price target on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.53.

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.