Prevail Innovative Wealth Advisors LLC Sells 15,385 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Prevail Innovative Wealth Advisors LLC trimmed its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 12.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,613 shares of the company’s stock after selling 15,385 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Paycor HCM were worth $1,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PYCR. MCF Advisors LLC purchased a new stake in Paycor HCM during the 4th quarter valued at $27,000. Blue Trust Inc. grew its holdings in Paycor HCM by 869.3% during the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $64,000 after purchasing an additional 3,086 shares during the period. FMR LLC boosted its position in shares of Paycor HCM by 93.9% in the third quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after purchasing an additional 4,804 shares during the period. HighTower Advisors LLC purchased a new stake in Paycor HCM in the 4th quarter worth $190,000. Finally, Stifel Financial Corp raised its position in shares of Paycor HCM by 7.8% during the third quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock valued at $192,000 after buying an additional 981 shares during the last quarter. Institutional investors own 36.76% of the company’s stock.

Paycor HCM Trading Down 0.1 %

PYCR stock opened at $22.43 on Friday. The business’s 50-day moving average is $22.26 and its 200 day moving average is $18.82. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $23.49. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of -186.90, a PEG ratio of 3.84 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings data 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 negative net margin of 3.06% and a positive return on equity of 4.28%. As a group, equities analysts forecast that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Mizuho raised their price target on Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Truist Financial reiterated a “hold” rating and issued a $22.50 target price (up previously from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. BMO Capital Markets reaffirmed a “market perform” rating and set a $22.50 target price (down from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $22.50 price target (up previously from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. Finally, Baird R W cut shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.53.

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.