Paycor HCM Inc (PYCR) Volatility At 4.16%, Should You Add A Position?

Paycor HCM Inc (NASDAQ: PYCR) is -5.14% lower on its value in year-to-date trading and has touched a low of $17.13 and a high of $27.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PYCR stock was last observed hovering at around $19.59 in the last trading session, with the day’s gains setting it 0.89%.

Currently trading at $20.48, the stock is 3.33% and -1.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing 4.54% at the moment leaves the stock -8.67% off its SMA200. PYCR registered -19.87% loss for a year compared to 6-month loss of -12.44%. The firm has a 50-day simple moving average (SMA 50) of $5.93 and a 200-day simple moving average (SMA200) of $61.85.

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The stock witnessed a 1.49% gain in the last 1 month and extending the period to 3 months gives it a 13.97%, and is 2.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.16% over the week and 3.45% over the month.

Paycor HCM Inc (PYCR) has around 2800 employees, a market worth around $3.64B and $604.65M in sales. Fwd P/E is 37.15. Profit margin for the company is -13.82%. Distance from 52-week low is 19.56% and -25.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.51%).

Paycor HCM Inc quarterly earnings per share for the current quarter are estimated at $0.2 with sales reaching $188.03M over the same period.The EPS is expected to grow by 23.17% this year, but quarterly earnings will post 18.10% year-over-year.

212 institutions hold shares in Paycor HCM Inc (PYCR), with institutional investors hold 103.28% of the company’s shares. The shares outstanding are 176.54M, and float is at 68.72M with Short Float at 12.54%. Institutions hold 102.54% of the Float.

The top institutional shareholder in the company is ClearBridge Investments, LLC with over 5.66 million shares valued at $133.89 million. The investor’s holdings represent 3.19% of the PYCR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.24 million shares valued at $123.95 million to account for 2.96% of the shares outstanding. The other top investors are T. Rowe Price Investment Management, Inc. which holds 4.97 million shares representing 2.81% and valued at over $117.75 million, while JP Morgan Chase & Company holds 2.64% of the shares totaling 4.68 million with a market value of $110.73 million.

Paycor HCM Inc (PYCR) Insider Activity

A total of 28 insider transactions have happened at Paycor HCM Inc (PYCR) in the last six months, with sales accounting for 14 and purchases happening 14 times. The most recent transaction is an insider sale by Geene Alice L, the company’s. SEC filings show that Geene Alice L sold 1,428 shares of the company’s common stock on Jan 19 at a price of $20.15 per share for a total of $28780.0. Following the sale, the insider now owns 0.11 million shares.

Paycor HCM Inc disclosed in a document filed with the SEC on Jan 16 that Corr Jonathan (Director) sold a total of 1,508 shares of the company’s common stock. The trade occurred on Jan 16 and was made at $19.66 per share for $29647.0. Following the transaction, the insider now directly holds 19988.0 shares of the PYCR stock.

Still, SEC filings show that on Dec 06, Pride Aggregator, LP (10% Owner) disposed off 5,000,000 shares at an average price of $20.65 for $103.25 million. The insider now directly holds 107,179,392 shares of Paycor HCM Inc (PYCR).