Conestoga Capital Advisors LLC Has $128.77 Million Stock Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Conestoga Capital Advisors LLC grew its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 23.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,934,428 shares of the company's stock after buying an additional 1,333,170 shares during the quarter. Paycor HCM comprises 1.7% of Conestoga Capital Advisors LLC's holdings, making the stock its 23rd biggest position. Conestoga Capital Advisors LLC owned about 3.86% of Paycor HCM worth $128,772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in PYCR. Franklin Resources Inc. grew its holdings in Paycor HCM by 2.7% during the third quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company's stock worth $23,220,000 after acquiring an additional 46,127 shares during the period. Geode Capital Management LLC grew its stake in shares of Paycor HCM by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company's stock worth $19,231,000 after purchasing an additional 132,662 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Paycor HCM by 8.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company's stock worth $16,478,000 after purchasing an additional 86,745 shares in the last quarter. State Street Corp lifted its stake in Paycor HCM by 5.2% during the third quarter. State Street Corp now owns 1,111,032 shares of the company's stock valued at $15,766,000 after purchasing an additional 54,834 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Paycor HCM by 28.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 488,779 shares of the company's stock worth $6,936,000 after buying an additional 108,602 shares in the last quarter. 36.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PYCR has been the subject of a number of recent research reports. TD Cowen downgraded Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 20th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $22.50 price target (up previously from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Truist Financial restated a "hold" rating and set a $22.50 price objective (up previously from $20.00) on shares of Paycor HCM in a report on Thursday, January 16th. Citizens Jmp cut shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 9th. Finally, Stifel Nicolaus boosted their price target on shares of Paycor HCM from $22.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $21.81.

Paycor HCM Stock Up 0.1 %

Shares of PYCR traded up $0.02 during midday trading on Thursday, reaching $22.16. 2,755,461 shares of the stock were exchanged, compared to its average volume of 4,398,648. The company has a market cap of $3.98 billion, a price-to-earnings ratio of -85.23, a P/E/G ratio of 4.18 and a beta of 0.53. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $23.49. The firm has a 50 day simple moving average of $20.60 and a 200-day simple moving average of $16.52.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 3.41% and a negative net margin of 6.72%. Research analysts expect that Paycor HCM, Inc. will post 0.29 earnings per share for the current fiscal year.

About Paycor HCM

Paycor HCM, Inc, together with its subsidiaries, provides software-as-a-service (SaaS) human capital management (HCM) solutions for small and medium-sized businesses (SMBs) primarily in the United States. It offers cloud-native platform to address the comprehensive people management needs of SMB leaders.