Bridgefront Capital LLC Buys Shares of 13,283 Paycor HCM, Inc. (NASDAQ:PYCR)

Bridgefront Capital LLC purchased a new position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 13,283 shares of the company’s stock, valued at approximately $247,000.

A number of other large investors have also made changes to their positions in the stock. Conestoga Capital Advisors LLC grew its position in Paycor HCM by 23.8% during the fourth quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company’s stock worth $128,772,000 after buying an additional 1,333,170 shares during the period. Next Century Growth Investors LLC acquired a new stake in shares of Paycor HCM in the 4th quarter worth approximately $24,106,000. Norges Bank purchased a new position in Paycor HCM in the 4th quarter valued at approximately $18,485,000. Allspring Global Investments Holdings LLC raised its holdings in Paycor HCM by 1,738.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 573,870 shares of the company’s stock worth $10,657,000 after purchasing an additional 542,659 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Paycor HCM during the fourth quarter worth $9,116,000. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Price Performance

Shares of PYCR opened at $22.49 on Friday. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $23.49. The stock’s 50-day moving average is $22.44 and its two-hundred day moving average is $20.60. The stock has a market cap of $4.09 billion, a PE ratio of -187.40, a P/E/G ratio of 3.84 and a beta of 0.50.

Paycor HCM (NASDAQ:PYCR) last released its quarterly earnings results 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%. On average, research analysts anticipate that Paycor HCM, Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PYCR. TD Cowen downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 20th. Baird R W cut shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Robert W. Baird reiterated a “neutral” rating and issued a $22.50 price target (down from $28.00) on shares of Paycor HCM in a research report on Friday, February 7th. JMP Securities reiterated a “market perform” rating on shares of Paycor HCM in a research report on Thursday, February 6th. Finally, Citizens Jmp downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.53.

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.