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

Conestoga Capital Advisors LLC raised its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 23.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,934,428 shares of the company’s stock after buying an additional 1,333,170 shares during the period. Paycor HCM comprises about 1.7% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Conestoga Capital Advisors LLC owned approximately 3.86% of Paycor HCM worth $128,772,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in Paycor HCM by 144.9% in the second quarter. Bank of Montreal Can now owns 84,797 shares of the company’s stock worth $1,079,000 after acquiring an additional 50,165 shares during the period. AQR Capital Management LLC bought a new position in Paycor HCM in the second quarter worth about $192,000. The Manufacturers Life Insurance Company lifted its holdings in Paycor HCM by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,514 shares of the company’s stock worth $261,000 after buying an additional 1,964 shares during the period. CWM LLC boosted its position in Paycor HCM by 450.7% during the 3rd quarter. CWM LLC now owns 13,135 shares of the company’s stock valued at $186,000 after acquiring an additional 10,750 shares in the last quarter. Finally, Wedmont Private Capital purchased a new position in shares of Paycor HCM during the 3rd quarter worth approximately $166,000. Institutional investors own 36.76% of the company’s stock.

Paycor HCM Price Performance

Shares of NASDAQ PYCR opened at $22.13 on Monday. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $23.49. The firm has a fifty day moving average price of $20.28 and a 200-day moving average price of $16.31.

Analysts Set New Price Targets

Several brokerages recently weighed in on PYCR. Needham & Company LLC cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and set a $30.00 price target on shares of Paycor HCM in a research report on Monday, January 6th. Jefferies Financial Group upped their price objective on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Truist Financial reaffirmed a “hold” rating and set a $22.50 target price (up previously from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.50 price target (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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.81.

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.