Paycor (NASDAQ:PYCR) HCM, Inc.'s (NASDAQ:PYCR) Chief Legal Officer and Secretary, Alice L. Geene, has completed a sale of company shares, according to a recent regulatory filing. On April 4, 2024, Geene sold a total of 1,577 shares of common stock at an average price of $18.3853, totaling nearly $29,000.
The transactions were conducted in a series of multiple trades with prices ranging from $18.295 to $18.48. Following the sale, Geene's remaining stake in the company consists of 107,581 shares of Paycor HCM 's common stock.
The sale was executed in accordance with a pre-arranged Rule 10b5-1 trading plan, which Geene had adopted on August 23, 2023. Such plans allow company insiders to sell a predetermined number of shares at a predetermined time, providing an affirmative defense against accusations of trading on nonpublic information.
Investors and Paycor HCM stakeholders can request detailed information about the specific prices at which the shares were sold within the reported range from Geene or the company.
Paycor HCM, Inc., headquartered in Cincinnati, Ohio, specializes in providing prepackaged software solutions and operates within the technology sector. The company's shares are publicly traded on the NASDAQ stock exchange under the ticker symbol PYCR.
InvestingPro Insights
As Paycor HCM, Inc. (NASDAQ:PYCR) navigates the market, recent data from InvestingPro provides a snapshot of the company's financial health and market performance. With a market capitalization of $3.22 billion, Paycor HCM's valuation reflects its standing in the technology sector. Despite the recent sale of shares by Chief Legal Officer Alice L. Geene, the company's gross profit margin remains impressive at 66.22% for the last twelve months as of Q2 2024, indicating a strong ability to control costs relative to revenue.
InvestingPro Tips highlight that Paycor HCM is trading near its 52-week low, which could potentially offer a buying opportunity for investors considering the company's positive revenue growth, which stands at 24.73% for the last twelve months as of Q2 2024. Moreover, analysts predict that the company will be profitable this year, aligning with the expectation of net income growth. However, it's important to note that Paycor HCM is not currently paying a dividend to shareholders and has been trading at a high revenue valuation multiple.
For investors seeking a deeper analysis, there are additional InvestingPro Tips available at https://www.investing.com/pro/PYCR. To make the most of these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. Currently, there are 8 more tips listed on InvestingPro that could further inform investment decisions regarding Paycor HCM, Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.