Hilltop National Bank Sells 478 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Hilltop National Bank trimmed its stake in Paycor HCM, Inc. (NASDAQ:PYCR) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,085 shares of the company’s stock after selling 478 shares during the quarter. Hilltop National Bank’s holdings in Paycor HCM were worth $76,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Franklin Resources Inc. lifted its holdings in shares of Paycor HCM by 2.7% during the third quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock valued at $23,220,000 after purchasing an additional 46,127 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Paycor HCM by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock valued at $21,140,000 after purchasing an additional 192,633 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Paycor HCM by 10.9% during the third quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock valued at $19,231,000 after purchasing an additional 132,662 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Paycor HCM by 8.1% during the third quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company’s stock valued at $16,478,000 after purchasing an additional 86,745 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Paycor HCM by 5.2% during the third quarter. State Street Corp now owns 1,111,032 shares of the company’s stock valued at $15,766,000 after purchasing an additional 54,834 shares in the last quarter. 36.76% of the stock is owned by institutional investors.

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the completion of the transaction, the director now owns 21,218 shares of the company’s stock, valued at $297,476.36. This represents a 14.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

PYCR has been the subject of a number of research reports. Stephens reiterated an “equal weight” rating and set a $22.50 price objective (up previously from $20.00) on shares of Paycor HCM in a research report on Friday. JMP Securities reiterated a “market outperform” rating and set a $30.00 price objective on shares of Paycor HCM in a research report on Monday, January 6th. The Goldman Sachs Group upped their price objective on Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Stifel Nicolaus upped their price objective on Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, TD Cowen upgraded Paycor HCM from a “hold” rating to a “buy” rating and upped their price objective for the company from $18.00 to $22.00 in a research report on Monday, December 2nd. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.91.

Paycor HCM Stock Down 0.1 %

NASDAQ PYCR opened at $22.15 on Friday. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of -85.19, a price-to-earnings-growth ratio of 4.79 and a beta of 0.50. The business has a 50-day moving average price of $18.68 and a 200-day moving average price of $15.28. Paycor HCM, Inc. has a twelve month low of $10.92 and a twelve month high of $23.49.

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.