Wrapmanager Inc. Sells 622 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Wrapmanager Inc. trimmed its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,286 shares of the company’s stock after selling 622 shares during the period. Wrapmanager Inc.’s holdings in Paycor HCM were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of PYCR. CWM LLC grew its stake in shares of Paycor HCM by 950.7% during the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after acquiring an additional 2,158 shares during the period. International Assets Investment Management LLC boosted its position in Paycor HCM by 1,923.0% during the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after purchasing an additional 2,846 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Paycor HCM by 52.4% in the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after purchasing an additional 1,178 shares in the last quarter. Quarry LP bought a new stake in shares of Paycor HCM in the second quarter valued at approximately $69,000. Finally, Covestor Ltd lifted its stake in shares of Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after buying an additional 1,210 shares in the last quarter. 36.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the firm’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 directly owns 21,218 shares in the company, valued at $297,476.36. This trade represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.39% of the stock is owned by insiders.

Paycor HCM Stock Performance

NASDAQ:PYCR opened at $16.16 on Wednesday. The business has a 50 day moving average price of $14.69 and a 200-day moving average price of $13.68. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $22.65. The firm has a market cap of $2.90 billion, a PE ratio of -62.15, a price-to-earnings-growth ratio of 4.02 and a beta of 0.42.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Paycor HCM from $15.00 to $19.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Stephens started coverage on Paycor HCM in a research note on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price objective on the stock. Citigroup raised their target price on Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Stifel Nicolaus reduced their target price on Paycor HCM from $22.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, The Goldman Sachs Group lowered their price target on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, August 16th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Paycor HCM has an average rating of “Hold” and a consensus target price of $19.06.

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.