Pride Aggregator reduces its stake in Paycor HCM (PYCR)

Fintel reports that Pride Aggregator has filed a Form 13G/A with the SEC disclosing ownership of 112.18 million shares of Paycor HCM, Inc. (PYCR). This represents 63.79% of the company.

In their previous filing dated February 11, 2022, they declared 127.36 million shares and 73.01% of the company,
a decrease in shares of 11.92% and a decrease in total ownership of 9.22% (calculated as current – previous ownership percentage).

Analysts’ price forecast suggests a 33.31% rise

As of February 3, 2023, the one-year average price target for Paycor HCM was $35.77. The predictions range from a low of $27.27 to a high of $47.25. The average price target represents a 33.31% increase from its last reported closing price of $26.83.

Expected annual revenue for Paycor HCM is $542 million, an increase of 19.17%. Projected annual EPS is $0.31.

Fund Sentiment

There are 383 funds or institutions reporting positions in Paycor HCM. This is an increase of 27 owner(s) or 7.58%.

Average portfolio weight of all funds dedicated to the United States: PYCR is 0.2065%, an increase of 13.0515%. The total number of shares held by institutions has increased over the past three months by 3.94% to 80,778,000 shares.

What do the big shareholders do?

Clearbridge Investments holds 5,310,226 shares representing 3.02% ownership of the company. In its previous filing, the company said it held 4,627,449 shares, representing
a raise
of 12.86%. The company

increased

its portfolio allocation to PYCR by 41.16% in the last quarter.

T. Rowe Price Investment Management owns 5,112,371 shares representing 2.91% ownership of the company.

Conestoga Capital Advisors owns 4,524,422 shares representing 2.57% ownership of the company. In its previous filing, the company said it held 4,369,652 shares, representing
a raise
of 3.42%. The company

decreases

its portfolio allocation to PYCR by 18.04% in the last quarter.

Jpmorgan Chase & holds 4,083,794 shares representing 2.32% ownership of the company. In its previous filing, the company said it held 5,557,642 shares, representing
a decrease
of 36.09%. The company

decreases

its portfolio allocation to PYCR by 13.88% in the last quarter.

The Neuberger Berman group holds 2,908,581 shares representing 1.65% ownership of the company. In its previous file, the company stated that it held 2,730,157 shares, representing
a raise
of 6.13%. The company

decreases

its portfolio allocation to PYCR by 29.61% in the last quarter.

General information about Paycor HCM
(This description is provided by the company.)

Paycor creates human capital management (HCM) software for leaders who want to make a difference. Its HCM platform modernizes all aspects of people management, from how you recruit, onboard and develop people, to how you compensate and retain them. But what really sets us apart is its focus on business leaders. For 30 years, Paycor has listened and partnered with leaders, so the business knows what they need: time-saving HR technology, powerful analytics that deliver actionable insights, and dedicated expert support. HR. That’s why more than 28,000 customers representing more than 40,000 small and medium-sized businesses trust Paycor to help them solve their problems and achieve their goals.

This story originally appeared on Fintel.

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