Alberta Investment Management Corp Invests $1.74 Million in Paycor HCM, Inc. (NASDAQ:PYCR)

Alberta Investment Management Corp acquired a new stake in Paycor HCM, Inc. (NASDAQ:PYCR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 93,920 shares of the company’s stock, valued at approximately $1,744,000. Alberta Investment Management Corp owned approximately 0.05% of Paycor HCM as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Creative Planning raised its holdings in shares of Paycor HCM by 115.9% during the third quarter. Creative Planning now owns 26,889 shares of the company’s stock valued at $382,000 after purchasing an additional 14,437 shares during the period. Raymond James & Associates increased its position in Paycor HCM by 0.6% in the 3rd quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock valued at $4,666,000 after buying an additional 1,834 shares in the last quarter. International Assets Investment Management LLC increased its position in Paycor HCM by 1,923.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after buying an additional 2,846 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Paycor HCM during the 3rd quarter worth approximately $157,000. Finally, US Bancorp DE boosted its holdings in Paycor HCM by 46.0% in the third quarter. US Bancorp DE now owns 16,558 shares of the company’s stock worth $235,000 after acquiring an additional 5,216 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Price Performance

Shares of Paycor HCM stock opened at $22.21 on Friday. The firm has a market cap of $4.04 billion, a PE ratio of -185.07, a P/E/G ratio of 3.84 and a beta of 0.53. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $23.49. The stock has a fifty day moving average price of $21.27 and a 200-day moving average price of $17.26.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts anticipate that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Truist Financial restated a “hold” rating and set a $22.50 price objective (up previously from $20.00) on shares of Paycor HCM in a report on Thursday, January 16th. Baird R W downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Citizens Jmp lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Needham & Company LLC downgraded shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Mizuho raised their price target on shares of Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. One 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 MarketBeat, Paycor HCM has a consensus rating of “Hold” and a consensus target price of $21.53.

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.