In the latest trading session, 1.16 million Paycor HCM Inc (NASDAQ:PYCR) shares changed hands as the company’s beta touched 0.50. With the company’s most recent per share price at $22.41 changed hands at -$0.01 or -0.04% at last look, the market valuation stands at $4.07B. PYCR’s current price is a discount, trading about -4.82% off its 52-week high of $23.49. The share price had its 52-week low at $10.92, which suggests the last value was 51.27% up since then. When we look at Paycor HCM Inc’s average trading volume, we note the 10-day average is 2.24 million shares, with the 3-month average coming to 2.98 million.
Analysts gave the Paycor HCM Inc (PYCR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.12. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended PYCR as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Paycor HCM Inc’s EPS for the current quarter is expected to be 0.22.
Paycor HCM Inc (NASDAQ:PYCR) trade information
Instantly PYCR was in red as seen in intraday trades today. With action 0.28%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 20.69%, with the 5-day performance at 0.28% in the green. However, in the 30-day time frame, Paycor HCM Inc (NASDAQ:PYCR) is 0.82% up. Looking at the short shares, we see there were 3.14 million shares sold at short interest cover period of 1.29 days.
The consensus price target for the stock as assigned by Wall Street analysts is 19.25, meaning bulls need a downside of -16.42% from its recent market value. According to analyst projections, PYCR’s forecast low is 16 with 22.5 as the target high. To hit the forecast high, the stock’s price needs a -0.4% plunge from its current level, while the stock would need to tank 28.6% for it to hit the projected low.
Paycor HCM Inc (PYCR) estimates and forecasts
Year-over-year growth is forecast to reach 12.94% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 205.79M. 12 analysts are of the opinion that Paycor HCM Inc’s revenue for the current quarter will be 179.31M. The company’s revenue for the corresponding quarters a year ago was 187.02M and 164.8M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 10.04%. The estimates for the next quarter sales put growth at 8.81%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.00%. The 2025 estimates are for Paycor HCM Inc earnings to increase by 14.99%, but the outlook for the next 5-year period is at 15.36% per year.
Paycor HCM Inc (NASDAQ:PYCR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.16% of Paycor HCM Inc shares while 95.92% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 97.05%. There are 95.92% institutions holding the Paycor HCM Inc stock share, with T. ROWE PRICE INVESTMENT MANAGEMENT, INC. the top institutional holder. As of 2024-06-30, the company held 4.3509% of the shares, roughly 7.73 million PYCR shares worth $98.17 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 3.9741% or 7.07 million shares worth $89.82 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Conestoga Small Cap Fund and Neuberger & Berman Long Short Fd. With 4.12 shares estimated at $92.32 million under it, the former controlled 2.27% of total outstanding shares. On the other hand, Neuberger & Berman Long Short Fd held about 1.43% of the shares, roughly 2.6 shares worth around $58.35 million.
