The stock of Paycor HCM Inc. (NASDAQ:PYCR) last traded at $22.88, up 0.88% from the previous session.
Data from the available sources indicates that Paycor HCM Inc. (NASDAQ:PYCR) is covered by 16 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $27.00, we find $31.50. Given the previous closing price of $22.68, this indicates a potential upside of 38.89 percent. PYCR stock price is now -7.91% away from the 50-day moving average and -15.41% away from the 200-day moving average. The market capitalization of the company currently stands at $4.24B.
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In total, 8 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $33.25 as their price target over the next twelve months.
With the price target of $28, MoffettNathanson recently initiated with Market Perform rating for Paycor HCM Inc. (NASDAQ: PYCR). On September 01, 2022, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $30, while ‘DA Davidson’ rates the stock as ‘Neutral’.
In other news, MILLER SCOTT DAVID, Director bought 3,000 shares of the company’s stock on Feb 10. The stock was bought for $75,630 at an average price of $25.21. Upon completion of the transaction, the Director now directly owns 182,437 shares in the company, valued at $4.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 30, See Remarks Geene Alice L sold 1,147 shares of the business’s stock. A total of $27,780 was realized by selling the stock at an average price of $24.22. This leaves the insider owning 57,956 shares of the company worth $1.33 million. Insiders disposed of 26,288,350 shares of company stock worth roughly $601.48 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PYCR stock. A new stake in Paycor HCM Inc. shares was purchased by NORGES BANK during the first quarter worth $15,877,000. CINCTIVE CAPITAL MANAGEMENT LP invested $5,941,000 in shares of PYCR during the first quarter. In the first quarter, ROYCE & ASSOCIATES LP acquired a new stake in Paycor HCM Inc. valued at approximately $1,540,000. PRINCIPAL FINANCIAL GROUP INC acquired a new stake in PYCR for approximately $961,000. MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. purchased a new stake in PYCR valued at around $796,000 in the second quarter. In total, there are 219 active investors with 96.80% ownership of the company’s stock.
With an opening price of $22.28 on Monday morning, Paycor HCM Inc. (NASDAQ: PYCR) set off the trading day. During the past 12 months, Paycor HCM Inc. has had a low of $20.14 and a high of $34.95. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for PYCR is $24.84 and a two-hundred day moving average price translates $27.05 for the stock.
The latest earnings results from Paycor HCM Inc. (NASDAQ: PYCR) was released for Dec, 2022. According to the Software – Application Company, earnings per share came in at $0.08, beating analysts’ expectations of $0.06 by 0.02. This compares to -$0.15 EPS in the same period last year. The net profit margin was -20.00% and return on equity was -7.60% for PYCR. The company reported revenue of $132.86 million for the quarter, compared to $103.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.91 percent. For the current quarter, analysts expect PYCR to generate $155.33M in revenue.
Paycor HCM Inc.(PYCR) Company Profile
Paycor HCM, Inc., through 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. The company’s SaaS based people management products include Cor HCM, a complete suite of HCM tools spanning HR, onboarding, payroll, compensation management, employee surveys, expenses, and reporting and analytics; Workforce Management, a solution with flexible time entry, overtime calculations, and scheduling capabilities with real-time payroll synchronization; Benefits Administration, a decision support solution to help leaders to streamline and optimize company’s benefits administration; and Talent Management, an integrated compensation and performance management solution. It serves manufacturing, healthcare, restaurant, retail, professional services, nonprofit, and education industries through its direct sales teams. The company was founded in 1990 and is headquartered in Cincinnati, Ohio.
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