Paycor HCM Inc (NASDAQ: PYCR) stock fell -0.64% on Friday to $20.27 against a previous-day closing price of $20.40. With 0.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.71 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $20.65 whereas the lowest price it dropped to was $20.01. The 52-week range on PYCR shows that it touched its highest point at $29.98 and its lowest point at $17.13 during that stretch. It currently has a 1-year price target of $26.44. Beta for the stock currently stands at 0.48.
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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 up-trending over the past week, with a rise of 6.80%, but this was down by -17.77% over a month. Three-month performance dropped to -10.90% while six-month performance fell -7.19%. The stock lost -25.75% in the past year, while it has lost -17.16% so far this year. A look at the trailing 12-month EPS for PYCR yields -0.48 with Next year EPS estimates of 0.55. For the next quarter, that number is 0.09. This implies an EPS growth rate of 20.26% for this year and 20.96% for next year. EPS is expected to grow by 19.46% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.84%.
Float and Shares Shorts:
At present, 176.54 million PYCR shares are outstanding with a float of 63.37 million shares on hand for trading. On Oct 30, 2023, short shares totaled 10.79 million, which was 6.07% higher than short shares on Sep 28, 2023. In addition to Mr. Raul Villar Jr. as the firm’s CEO, President & Director, Mr. Adam Brooks Ante serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 101.63% of PYCR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 64.32% of PYCR, in contrast to 26.21% held by mutual funds. Shares owned by individuals account for 13.10%. As the largest shareholder in PYCR with 3.82% of the stake, T. Rowe Price Investment Manageme holds 6,767,351 shares worth 6,767,351. A second-largest stockholder of PYCR, ClearBridge Investments LLC, holds 5,682,420 shares, controlling over 3.21% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in PYCR, holding 5,381,673 shares or 3.04% stake. With a 1.51% stake in PYCR, the ClearBridge Small Cap Growth Fund is the largest stakeholder. A total of 2,667,494 shares are owned by the mutual fund manager. The JPMorgan Small Cap Equity Fund, which owns about 1.35% of PYCR stock, is the second-largest Mutual Fund holder. It holds 2,396,595 shares valued at 51.72 million. Conestoga Small Cap Fund holds 1.27% of the stake in PYCR, owning 2,258,230 shares worth 48.73 million.
Analysts Ratings:
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 $20.00, the average target price over the next 12 months is $26.44. Based on these targets, PYCR could surge 107.2% to reach the target high and fall by -1.33% to reach the target low. Reaching the average price target will result in a growth of 30.44% from current levels.
Summary of Insider Activity:
Insiders traded PYCR stock several times over the past three months with 13 Buys and 7 Sells. In these transactions, 783,560 shares were bought while 49,105 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 34 over the past year. The total number of shares bought during that period was 797,767 while 14,381,595 shares were sold.
