Granite Investment Partners LLC Sells 96,300 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Granite Investment Partners LLC cut its stake in Paycor HCM, Inc. (NASDAQ:PYCR) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,522,098 shares of the company’s stock after selling 96,300 shares during the period. Paycor HCM comprises approximately 1.2% of Granite Investment Partners LLC’s portfolio, making the stock its 16th largest position. Granite Investment Partners LLC’s holdings in Paycor HCM were worth $28,265,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new position in shares of Paycor HCM in the 3rd quarter worth about $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Paycor HCM by 16.4% during the 3rd 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 in the last quarter. Franklin Resources Inc. lifted its position in Paycor HCM by 2.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock worth $23,220,000 after buying an additional 46,127 shares during the last quarter. Norges Bank purchased a new stake in Paycor HCM in the fourth quarter worth approximately $18,485,000. Finally, Barclays PLC grew its position in Paycor HCM by 50.8% during the third quarter. Barclays PLC now owns 23,991 shares of the company’s stock valued at $340,000 after acquiring an additional 8,079 shares during the last quarter. Institutional investors own 36.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. TD Cowen lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Monday, January 20th. Baird R W downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Raymond James cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. Citigroup boosted their target price on Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, Stephens restated an “equal weight” rating and set a $22.50 target price (up from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.53.

Paycor HCM Trading Up 0.2 %

NASDAQ:PYCR opened at $22.49 on Friday. The company has a 50-day moving average price of $22.33 and a 200-day moving average price of $19.49. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of -187.40, a P/E/G ratio of 3.84 and a beta of 0.50. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $23.49.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing the consensus estimate 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 forecast that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.

Paycor HCM Company 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.