Mizuho initates Paycor HCM Inc. (PYCR) stock to a Neutral


Paycor HCM Inc.’s recently made public that its Director BOUCK WHITNEY MARILINN unloaded Company’s shares for reported $4476.0 on Aug 22. In the deal valued at $22.38 per share,200 shares were sold. As a result of this transaction, BOUCK WHITNEY MARILINN now holds 13,143 shares worth roughly $ 0.31 million.

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Then, MILLER SCOTT DAVID bought 3,000 shares, generating $67,260 in total proceeds. Upon buying the shares at $22.42, the Director now owns 188,437 shares.

Before that, Corr Jonathan sold 1,508 shares. Paycor HCM Inc. shares valued at $38,786 were divested by the Director at a price of $25.72 per share. As a result of the transaction, Corr Jonathan now holds 21,309 shares, worth roughly $0.51 million.

Mizuho initiated its Paycor HCM Inc. [PYCR] rating to a Neutral in a research note published on Friday, June 28, 2023; the price target was $24. PT values the company’s stock at a premium of 1.04 to its Friday closing price.

Price Performance Review of PYCR

On Friday, Paycor HCM Inc. [NASDAQ:PYCR] saw its stock jump 1.19% to $23.75. On the same session, the stock had its day’s lowest price of $23.49, but rose to a high of $23.79. Over the last five days, the stock has gained 3.31%. Paycor HCM Inc. shares have fallen nearly -2.94% since the year began. Nevertheless, the stocks have fallen -19.84% over the past one year. While a 52-week high of $33.26 was reached on 07/19/23, a 52-week low of $20.50 was recorded on 05/11/23. SMA at 50 days reached $24.15, while 200 days put it at $24.47. A total of 0.35 million shares were traded, compared to the trading of 0.32 million shares in the previous session.

Levels Of Support And Resistance For PYCR Stock

The 24-hour chart illustrates a support level at 23.56, which if violated will result in even more drops to 23.38. On the upside, there is a resistance level at 23.86. A further resistance level may holdings at 23.98. The Relative Strength Index (RSI) on the 14-day chart is 51.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.95%. Stochastics %K at 89.67% indicates the stock is a selling.

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

A steep rise in short interest was recorded in Paycor HCM Inc. stocks on Aug 14, 2023, dropping by -0.23 million shares to a total of 9.42 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.65 million shares. There was a decline of -2.44%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 16.89% of the overall stock float, the days-to-cover ratio (short ratio) fell to 25.44.

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

In filings from ClearBridge Investments LLC, it is revealed that the company now owns 5,656,495 shares, or roughly 3.20% of the outstanding PYCR shares. In other words, the investor’s shares have risen by 98,116 from its previous 13-F filing of 5558379.0. Additionally, The Vanguard Group, Inc. decreased -2.84% of its stake after which the total value it holdings stand at $138,482,505, while T. Rowe Price Investment Manageme added 7.14% of its stake to hold $133.62 million in the firm. Over the last quarter, Conestoga Capital Advisors LLC sold -15,135 shares of Paycor HCM Inc., while JPMorgan Investment Management, I sold 352,045 shares. At present, Invesco Advisers, Inc. is holding 3,026,004 shares valued at $81.28 million. Neuberger Berman Investment Advis owned 2,856,747 shares of the company at the time of its most recent 13F filing, worth $76.73 million.

According to FactSet, Paycor HCM Inc.’s share price will average $28.24 in the next year, based on opinions of analysts polled by the firm. This is up nearly 15.04 percent from its previous closing price of $23.47. Analysts expect Paycor HCM Inc. stock to reach the higher price of $42.00, while the lowest price estimate is $22.00. However, 19 analysts have rated PYCR stock as an Overweight in their predictions for 2023.


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