Conestoga Capital Advisors LLC Buys 1,333,170 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Conestoga Capital Advisors LLC grew its stake in Paycor HCM, Inc. (NASDAQ:PYCR) by 23.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,934,428 shares of the company’s stock after purchasing an additional 1,333,170 shares during the period. Paycor HCM makes up about 1.7% of Conestoga Capital Advisors LLC’s portfolio, making the stock its 23rd biggest position. Conestoga Capital Advisors LLC’s holdings in Paycor HCM were worth $128,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Stifel Financial Corp lifted its position in Paycor HCM by 7.8% in the third quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after buying an additional 981 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Paycor HCM by 29.4% in the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after acquiring an additional 1,210 shares during the last quarter. MCF Advisors LLC purchased a new position in shares of Paycor HCM during the 4th quarter worth about $27,000. Raymond James & Associates boosted its stake in shares of Paycor HCM by 0.6% during the 3rd quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock worth $4,666,000 after purchasing an additional 1,834 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Paycor HCM by 10.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,514 shares of the company’s stock valued at $261,000 after purchasing an additional 1,964 shares during the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Analyst Ratings Changes

PYCR has been the subject of several analyst reports. JMP Securities reissued a “market outperform” rating and issued a $30.00 price objective on shares of Paycor HCM in a research note on Monday, January 6th. Mizuho raised their price target on Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group upped their price objective on Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. TD Cowen lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 20th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.50 price objective (up from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.81.

Paycor HCM Price Performance

PYCR opened at $22.13 on Monday. The firm has a 50 day moving average of $20.28 and a two-hundred day moving average of $16.31. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $23.49.

Paycor HCM Company 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.