Archford Capital Strategies LLC Boosts Stock Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Archford Capital Strategies LLC increased its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 19.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,525 shares of the company’s stock after purchasing an additional 9,921 shares during the period. Archford Capital Strategies LLC’s holdings in Paycor HCM were worth $1,124,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PYCR shares. Raymond James cut shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Monday, January 13th. TD Cowen cut shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Monday, January 20th. Mizuho increased their target price on shares of Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Stephens reaffirmed an “equal weight” rating and issued a $22.50 target price (up from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $22.50 target price (up from $20.00) on shares of Paycor HCM in a report on Thursday, January 16th. One equities 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, the company presently has a consensus rating of “Hold” and an average price target of $21.81.

Paycor HCM Stock Performance

Shares of NASDAQ PYCR opened at $22.22 on Friday. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $23.49. The firm’s 50 day moving average price is $19.73 and its 200 day moving average price is $15.95.

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.