Vivaldi Capital Management LP Makes New $376,000 Investment in Paycor HCM, Inc. (NASDAQ:PYCR)

Vivaldi Capital Management LP acquired a new position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) in the 4th quarter, HoldingsChannel reports. The fund acquired 20,233 shares of the company’s stock, valued at approximately $376,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Paycor HCM by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 7,454,003 shares of the company’s stock worth $138,421,000 after purchasing an additional 226,807 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of Paycor HCM by 23.8% during the fourth quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company’s stock worth $128,772,000 after purchasing an additional 1,333,170 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Paycor HCM by 0.7% during the fourth quarter. Clearbridge Investments LLC now owns 6,386,128 shares of the company’s stock worth $118,590,000 after purchasing an additional 47,007 shares in the last quarter. Invesco Ltd. lifted its position in shares of Paycor HCM by 4.0% during the fourth quarter. Invesco Ltd. now owns 2,799,281 shares of the company’s stock worth $51,983,000 after purchasing an additional 106,628 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Paycor HCM by 15.5% during the fourth quarter. Franklin Resources Inc. now owns 2,003,288 shares of the company’s stock worth $37,201,000 after purchasing an additional 269,179 shares in the last quarter. 36.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TD Cowen cut shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 20th. JMP Securities reaffirmed a “market perform” rating on shares of Paycor HCM in a report on Thursday, February 6th. Robert W. Baird reaffirmed a “neutral” rating and issued a $22.50 price target (down from $28.00) on shares of Paycor HCM in a report on Friday, February 7th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $22.50 price target (up 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 equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.70.

Paycor HCM Stock Performance

Shares of NASDAQ:PYCR opened at $22.49 on Tuesday. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of -187.40, a price-to-earnings-growth ratio of 3.84 and a beta of 0.50. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $23.49. The company’s fifty day moving average is $22.46 and its two-hundred day moving average is $21.06.

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.