An Analysis of Paycor HCM Inc. (PYCR)’s Potential Price Growth

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Paycor HCM Inc.’s recently made public that its Director Corr Jonathan unloaded Company’s shares for reported $47947.0 on Oct 05. In the deal valued at $31.80 per share,1,508 shares were sold. As a result of this transaction, Corr Jonathan now holds 25,834 shares worth roughly $ 0.68 million.

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Then, PRIDE GP, INC. sold 5,000,000 shares, generating $135,600,000 in total proceeds. Upon selling the shares at $27.12, the 10% Owner now owns 0 shares.

Before that, BERGSTROM RYAN NORMAN sold 15,000 shares. Paycor HCM Inc. shares valued at $481,430 were divested by the CHIEF PRODUCT OFFICER at a price of $32.10 per share. As a result of the transaction, BERGSTROM RYAN NORMAN now holds 43,606 shares, worth roughly $1.16 million.

Citigroup initiated its Paycor HCM Inc. [PYCR] rating to a Neutral in a research note published on Friday, September 01, 2022; the price target was $30. PT values the company’s stock at a premium of 11.7 to its Friday closing price. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in late March with a ‘”a Neutral”‘ rating. BMO Capital Markets began covering PYCR with “Market perform” recommendation on February 01, 2022. Goldman started covering the stock on December 13, 2021. It rated PYCR as “a Neutral”.

Price Performance Review of PYCR

On Friday, Paycor HCM Inc. [NASDAQ:PYCR] saw its stock fall -1.67% to $26.49. On the same session, the stock had its day’s lowest price of $25.35, but rose to a high of $27.47. Over the last five days, the stock has lost -13.18%. Paycor HCM Inc. shares have fallen nearly -8.05% since the year began. Nevertheless, the stocks have fallen -23.51% over the past one year. While a 52-week high of $36.35 was reached on 08/24/22, a 52-week low of $20.14 was recorded on 05/12/22. SMA at 50 days reached $29.61, while 200 days put it at $27.41. A total of 1.07 million shares were traded, compared to the trading of 0.87 million shares in the previous session.

Levels Of Support And Resistance For PYCR Stock

The 24-hour chart illustrates a support level at 25.40, which if violated will result in even more drops to 24.32. On the upside, there is a resistance level at 27.52. A further resistance level may holdings at 28.56. The Relative Strength Index (RSI) on the 14-day chart is 36.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.58%. Stochastics %K at 10.71% indicates the stock is a buying.

How much short interest is there in Paycor HCM Inc.?

A steep rise in short interest was recorded in Paycor HCM Inc. stocks on Jul 14, 2022, growing by 1.26 million shares to a total of 8.85 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 7.59 million shares. There was a rise of 14.24%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 26.25% of the overall stock float, the days-to-cover ratio (short ratio) rose to 16.73.

Paycor HCM Inc. [PYCR] – Who Are The Largest Shareholders?

In filings from T. Rowe Price Associates, Inc., it is revealed that the company now owns 5,387,001 shares, or roughly 3.07% of the outstanding PYCR shares. In other words, the investor’s shares have risen by 1,316,954 from its previous 13-F filing of 4070047.0. Additionally, JPMorgan Investment Management, I increased 11.30% of its stake after which the total value it holdings stand at $146,553,159, while ClearBridge Investments LLC added 2.68% of its stake to hold $136.79 million in the firm. Over the last quarter, Conestoga Capital Advisors LLC purchased 329,620 shares of Paycor HCM Inc., while The Vanguard Group, Inc. bought 191,517 shares. At present, Neuberger Berman Investment Advis is holding 2,730,157 shares valued at $80.7 million. American Century Investment Manag owned 2,314,180 shares of the company at the time of its most recent 13F filing, worth $68.41 million.

According to FactSet, Paycor HCM Inc.’s share price will average $35.27 in the next year, based on opinions of analysts polled by the firm. This is up nearly 33.63 percent from its previous closing price of $26.94. Analysts expect Paycor HCM Inc. stock to reach the higher price of $45.00, while the lowest price estimate is $28.00. The most recent change occurred on September 01, 2021 when Truist resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $46.


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