Clearbridge Investments LLC Has $134.47 Million Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Clearbridge Investments LLC increased its position in Paycor HCM, Inc. (NASDAQ:PYCR) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,228,404 shares of the company’s stock after buying an additional 545,984 shares during the period. Clearbridge Investments LLC owned 3.52% of Paycor HCM worth $134,471,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Paycor HCM by 4.5% during the third quarter. Vanguard Group Inc. now owns 5,474,111 shares of the company’s stock valued at $124,974,000 after purchasing an additional 237,398 shares during the last quarter. Van Berkom & Associates Inc. acquired a new position in Paycor HCM during the third quarter valued at approximately $19,610,000. Fifth Third Bancorp grew its holdings in Paycor HCM by 1,611.7% during the fourth quarter. Fifth Third Bancorp now owns 408,173 shares of the company’s stock valued at $8,812,000 after purchasing an additional 384,327 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Paycor HCM by 29.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 353,657 shares of the company’s stock valued at $8,074,000 after purchasing an additional 79,976 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Paycor HCM by 2.5% during the third quarter. Invesco Ltd. now owns 3,214,382 shares of the company’s stock valued at $73,384,000 after purchasing an additional 79,602 shares during the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. BMO Capital Markets lowered their price target on Paycor HCM from $23.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, May 9th. Needham & Company LLC reissued a “buy” rating and issued a $42.00 price objective on shares of Paycor HCM in a research report on Thursday, May 9th. Robert W. Baird reduced their price objective on Paycor HCM from $36.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Stifel Nicolaus reduced their price objective on Paycor HCM from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Mizuho reduced their price objective on Paycor HCM from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.94.

Insider Activity

In other news, insider Alice L. Geene sold 1,577 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $18.39, for a total value of $29,001.03. Following the sale, the insider now owns 107,581 shares in the company, valued at approximately $1,978,414.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $18.30, for a total transaction of $27,596.40. Following the completion of the sale, the director now directly owns 18,480 shares of the company’s stock, valued at approximately $338,184. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alice L. Geene sold 1,577 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $18.39, for a total value of $29,001.03. Following the sale, the insider now directly owns 107,581 shares of the company’s stock, valued at $1,978,414.59. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Paycor HCM Stock Up 0.8 %

Shares of NASDAQ:PYCR traded up $0.11 on Tuesday, hitting $14.25. The stock had a trading volume of 196,199 shares, compared to its average volume of 830,909. Paycor HCM, Inc. has a twelve month low of $13.80 and a twelve month high of $27.50. The firm’s 50 day moving average price is $17.59 and its 200-day moving average price is $19.46.

Paycor HCM 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.