Paycor HCM, Inc. (NASDAQ: PYCR) has been assigned a rating of “Hold” by the twelve analysts who follow the company, as reported by Bloomberg Ratings. This rating is based on the analysts’ collective opinions regarding the company’s prospects. Three research professionals gave the stock a buy rating, and four gave the stock a hold rating. The average one-year price objective that brokers who rated the stock in the previous year have set for the stock is $34.58, which is based on the stock’s current price.
PCR has been the subject of several reports produced by research analysts. You can view these reports by clicking here. Goldman Sachs Group decreased their target price for Paycor HCM shares and moved the company’s rating from “neutral” to “underweight” in a research report published on Thursday, November 3rd. The report was made available to the public. Citigroup published a report on September 1st, introducing coverage of the shares of Paycor HCM. The report had a publication date of September 1st. They decided to take a “neutral” stance on the company, and their price objective for the stock was set at $30.
In related news, on December 1st, Pride Global, Inc., a major shareholder in the company, sold 6,000,000 of the company’s shares of stock, bringing the total number of shares sold that day to 12,000,000. A sale of shares brought in a total of $170,700,000,000.00, with the average price at which each share was purchased being $28.45. You will be taken to the legal file presented to the Securities and Exchange Commission if you click the link. In this file, the transaction is described in greater detail. In related news, on December 1st, Pride Global, Inc., a major shareholder in the company, sold 6,000,000 of the company’s shares of stock, bringing the total number of shares sold that day to 12,000,000. A sale of shares brought in a total of $170,700,000,000.00, with the average price at which each share was purchased being $28.45. You will be taken to the legal file presented to the Securities and Exchange Commission if you click the link. In this file, the transaction is described in greater detail. In addition to that, on December 6th, Director Scott David Miller made an additional purchase of 2,700 shares of the company’s stock. The average price paid for a stock share was $25.47, which resulted in the total cost of acquiring the stock being $68.769.00. Because of the transaction, the director has direct ownership of 179,437 shares. Based on the current stock price, these shares have a value of approximately $4,570,260.39. You should look in this location if you are looking for the disclosure that pertains to this transaction. The company’s insiders own 0.39 percent of the total number of shares outstanding.
Recently, institutional investors have changed the proportion of the company they own in their respective portfolios. Assetmark Inc. increased the proportion of Paycor HCM stock owned by 395.8 percent during the second quarter. After purchasing an additional 950 shares during the most recent quarter, Assetmark Inc. is now the owner of 1,190 shares in the company. These shares have a value of $31,000, and the company is now worth $31,000 to Assetmark Inc. MetLife Investment Management LLC spent $72,000 on an additional position in Paycor HCM during the first three months of 2018. This purchase was made during the year 2018. The Zurich Cantonalbank increased its stake in Paycor HCM with an investment of approximately 106 thousand dollars during the year’s second quarter. The Swiss National Bank has a local branch in Zurich known as the Zurich Cantonalbank. Shell Asset Management Company shelled out approximately 128 thousand dollars during the second quarter to purchase a new investment in Paycor HCM. The Healthcare of Ontario Pension Plan Trust Fund purchased a new investment in Paycor HCM during the third quarter of the fiscal year. The investment was worth approximately $157,000 when the trust fund purchased it. Institutional investors hold 32.26 percent of the company’s shares, making up the total percentage.
On Thursday, the price of a share of PYCR stock was $23.69 when trading got underway. The company’s price has maintained a moving average of $27.28 over the previous 50 days and a price of $27.95 over the previous 200 days. Paycor HCM hit an all-time low of $20.14 during the previous year, while the stock reached an all-time high of $34.95 during the same period. The company’s market capitalization is currently $4.17 billion, its PE ratio is -42.30, and its beta value is 0.30.
The most recent earnings report for Paycor HCM, whose stock is traded on the NASDAQ under the symbol PYCR, was released on November 2nd this year. The actual earnings per share reported by the company for the period came in at $0.02, which was $0.02 more than the estimate made by market analysts, who had predicted earnings of $0.04ed by the company for period came in at $0.02, which was $0.02 more than the estimate made by market analysts, who had predicted earnings of $0.04. The revenue for the quarter came in at $118.30 million, which is considerably higher than the average prediction of $113.37 million. Paycor HCM had a net margin that was negative by 20.89%, and the return on equity for the company was also negative, coming in at 0.78%.
With the software-as-a-service (SaaS) solutions for human capital management (HCM) that it offers through its subsidiaries, Paycor HCM, Inc. primarily serves the requirements of small and medium-sized businesses (SMBs) in the United States. It gives users access to a platform built specifically for the cloud and tailored to meet the comprehensive personnel management needs of managers of small and medium-sized businesses. Benefits administration is a decision-support tool that assists company leaders in streamlining and optimizing the company’s benefits. Workforce management is a tool that allows for flexible time entry, overtime calculation, and scheduling capabilities, all of which can be synchronized in real-time with payroll. Workforce management is a tool that allows for flexible time entry, overtime calculation, and scheduling capabilities. The Workforce Management platform includes both of these applications for users to make use of. Human Resources (HR), Onboarding (Onboarding), Payroll (Payroll), Compensation Management (Compensation Management), Employee Surveys (Employee Surveys), Costs (Business Expenses), and Reporting and Analytics Tools (HR, Onboarding, Payroll, Compensation Management, Employee Surveys, and Business Expenses) (Reporting and Analytics)