Paycor HCM Inc. (NASDAQ: PYCR) stock fell -0.51% on Thursday to $21.32 against a previous-day closing price of $21.43. With 0.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.48 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $22.45 whereas the lowest price it dropped to was $21.26. The 52-week range on PYCR shows that it touched its highest point at $34.95 and its lowest point at $20.50 during that stretch. It currently has a 1-year price target of $30.67.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PYCR was down-trending over the past week, with a drop of -3.70%, but this was down by -7.51% over a month. Three-month performance dropped to -19.15% while six-month performance fell -22.16%. The stock lost -8.58% in the past year, while it has lost -12.87% so far this year. A look at the trailing 12-month EPS for PYCR yields -0.50 with Next year EPS estimates of 0.43. For the next quarter, that number is 0.06. This implies an EPS growth rate of -22.50% for this year and 18.33% for next year.
Float and Shares Shorts:
At present, 176.31 million PYCR shares are outstanding with a float of 174.87 million shares on hand for trading. On Apr 27, 2023, short shares totaled 9.3 million, which was 5.27% higher than short shares on Mar 30, 2023. In addition to Mr. Raul Villar Jr. as the firm’s CEO, Pres & Director, Mr. Adam Brooks Ante serves as its Chief Financial Officer.
Through their ownership of 100.45% of PYCR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 64.15% of PYCR, in contrast to 24.66% held by mutual funds. Shares owned by individuals account for 12.84%. As the largest shareholder in PYCR with 3.15% of the stake, ClearBridge Investments LLC holds 5,558,379 shares worth 5,558,379. A second-largest stockholder of PYCR, The Vanguard Group, Inc., holds 5,306,213 shares, controlling over 3.01% of the firm’s shares. T. Rowe Price Investment Manageme is the third largest shareholder in PYCR, holding 4,643,043 shares or 2.63% stake. With a 1.58% stake in PYCR, the Conestoga Small Cap Fund is the largest stakeholder. A total of 2,794,930 shares are owned by the mutual fund manager. The ClearBridge Small Cap Growth Fund, which owns about 1.53% of PYCR stock, is the second-largest Mutual Fund holder. It holds 2,698,346 shares valued at 63.41 million. JPMorgan Small Cap Equity Fund holds 1.21% of the stake in PYCR, owning 2,140,769 shares worth 50.31 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, PYCR reported revenue of $110.99M and operating income of -$30.13M. The EBITDA in the recently reported quarter was -$30.10M and diluted EPS was -$0.14.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PYCR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PYCR analysts setting a high price target of $42.00 and a low target of $24.00, the average target price over the next 12 months is $30.38. Based on these targets, PYCR could surge 97.0% to reach the target high and rise by 12.57% to reach the target low. Reaching the average price target will result in a growth of 42.5% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded PYCR stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 1,509 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 31 over the past year. The total number of shares bought during that period was 411,996 while 26,289,859 shares were sold.