Paycor HCM, Inc. (NASDAQ:PYCR) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp lifted its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 57.3% during the 4th quarter, HoldingsChannel reports. The fund owned 476,874 shares of the company’s stock after purchasing an additional 173,752 shares during the period. Fifth Third Bancorp’s holdings in Paycor HCM were worth $8,856,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Mutual Advisors LLC raised its stake in shares of Paycor HCM by 25.2% during the 4th quarter. Mutual Advisors LLC now owns 19,741 shares of the company’s stock worth $367,000 after buying an additional 3,970 shares during the period. MCF Advisors LLC purchased a new position in Paycor HCM in the 4th quarter worth approximately $27,000. Octavia Wealth Advisors LLC lifted its position in Paycor HCM by 38.5% during the fourth quarter. Octavia Wealth Advisors LLC now owns 14,002 shares of the company’s stock worth $260,000 after buying an additional 3,890 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Paycor HCM in the 4th quarter worth $273,000. Finally, Principal Financial Group Inc. acquired a new stake in Paycor HCM during the third quarter worth about $962,000. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Paycor HCM Trading Up 0.2 %

Paycor HCM stock opened at $22.22 on Monday. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of -85.46, a PEG ratio of 4.17 and a beta of 0.50. The stock has a 50 day moving average of $19.73 and a two-hundred day moving average of $15.98. Paycor HCM, Inc. has a twelve month low of $10.92 and a twelve month high of $23.49.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JMP Securities restated a “market outperform” rating and issued a $30.00 target price on shares of Paycor HCM in a research report on Monday, January 6th. Citigroup upped their target price on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. TD Cowen lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 20th. Citizens Jmp downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, Raymond James lowered Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Paycor HCM presently has an average rating of “Hold” and a consensus target price of $21.81.

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.