Conestoga Capital Advisors LLC Cuts Stock Position in Paycor HCM, Inc. (NASDAQ:PYCR)

Conestoga Capital Advisors LLC cut its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 18.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,601,258 shares of the company's stock after selling 1,240,138 shares during the period. Conestoga Capital Advisors LLC owned approximately 3.13% of Paycor HCM worth $79,482,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Paycor HCM by 11.5% during the 1st quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company's stock worth $133,844,000 after acquiring an additional 710,370 shares in the last quarter. Clearbridge Investments LLC raised its stake in Paycor HCM by 1.9% during the first quarter. Clearbridge Investments LLC now owns 6,344,522 shares of the company's stock valued at $123,338,000 after purchasing an additional 116,118 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Paycor HCM by 9.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,429,701 shares of the company's stock valued at $47,233,000 after purchasing an additional 213,313 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Paycor HCM by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company's stock worth $21,140,000 after buying an additional 192,633 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in shares of Paycor HCM by 0.3% in the 1st quarter. TimesSquare Capital Management LLC now owns 709,651 shares of the company's stock worth $13,796,000 after buying an additional 2,239 shares during the last quarter. Hedge funds and other institutional investors own 36.76% of the company's stock.

Paycor HCM Price Performance

Paycor HCM stock traded up $0.39 during midday trading on Friday, reaching $15.48. The company's stock had a trading volume of 1,257,983 shares, compared to its average volume of 934,201. Paycor HCM, Inc. has a 52-week low of $10.92 and a 52-week high of $22.65. The stock has a market capitalization of $2.77 billion, a P/E ratio of -44.94, a PEG ratio of 4.67 and a beta of 0.44. The stock's 50-day simple moving average is $14.04 and its 200-day simple moving average is $13.79.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $164.80 million for the quarter, compared to the consensus estimate of $161.14 million. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. Paycor HCM's revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS. As a group, equities research analysts expect that Paycor HCM, Inc. will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on PYCR shares. Citigroup increased their price target on shares of Paycor HCM from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. The Goldman Sachs Group dropped their target price on Paycor HCM from $19.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, August 16th. BTIG Research cut their target price on Paycor HCM from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. JPMorgan Chase & Co. decreased their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a "neutral" rating for the company in a research note on Thursday, August 15th. Finally, Needham & Company LLC lowered their price objective on shares of Paycor HCM from $42.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Paycor HCM presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.56.

Insider Activity at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the company's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the sale, the director now directly owns 21,218 shares of the company's stock, valued at $297,476.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.39% of the stock is owned by insiders.

Paycor HCM Profile

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.