Jim Cramer Discussed These 18 Stocks After Major AI Event

15. Paycor HCM, Inc. (NASDAQ:PYCR)

Number of Hedge Fund Holders In Q3 2024: 27

Paycor HCM, Inc. (NASDAQ:PYCR) is another software-as-a-service (SaaS) company that caters to the needs of the human resource management industry. It provides payroll management, background tracking, candidate management, and other associated services. Paycor HCM, Inc. (NASDAQ:PYCR)’s shares are up by 19% year-to-date primarily on the back of larger rival Paychex’s intent to acquire the firm. The day the news made rounds, Paycor HCM, Inc. (NASDAQ:PYCR)’s stock jumped by 25.7%. Here’s what Cramer said about the deal and the firm:

“You wouldn’t necessarily pit Paycor versus Paychex because Paycor doesn’t have the full suite that you need. And it’s rational. That’s a rational deal.”