BNP Paribas Financial Markets Purchases New Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

BNP Paribas Financial Markets purchased a new stake in Paycor HCM, Inc. (NASDAQ:PYCR) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 490,881 shares of the company’s stock, valued at approximately $9,116,000.

Several other institutional investors have also made changes to their positions in PYCR. Conestoga Capital Advisors LLC lifted its stake 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 purchasing an additional 1,333,170 shares during the last quarter. Next Century Growth Investors LLC bought a new stake in Paycor HCM during the fourth quarter worth $24,106,000. Norges Bank bought a new stake in Paycor HCM during the fourth quarter worth $18,485,000. Allspring Global Investments Holdings LLC lifted its stake 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, Raymond James Financial Inc. bought a new stake in Paycor HCM during the fourth quarter worth $8,216,000. 36.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PYCR has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated an “underweight” rating and set a $22.50 target price (up from $21.00) on shares of Paycor HCM in a research note on Wednesday, January 22nd. Citigroup increased their price target on Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. TD Cowen cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 20th. Raymond James cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Baird R W cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.70.

Paycor HCM Price Performance

Shares of NASDAQ:PYCR opened at $22.49 on Monday. The firm has a market cap of $4.09 billion, a P/E 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. The business has a fifty day simple moving average of $22.44 and a 200 day simple moving average of $20.74.

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.