Conestoga Capital Advisors LLC Buys 793,590 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Conestoga Capital Advisors LLC grew its stake in shares of Paycor HCM, Inc. (NASDAQ:PYCR - Free Report) by 19.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,793,121 shares of the company's stock after acquiring an additional 793,590 shares during the period. Paycor HCM comprises about 1.6% of Conestoga Capital Advisors LLC's portfolio, making the stock its 25th largest holding. Conestoga Capital Advisors LLC owned 2.71% of Paycor HCM worth $103,483,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Paycor HCM by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 26,480 shares of the company's stock worth $648,000 after acquiring an additional 416 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in shares of Paycor HCM by 5.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,378 shares of the company's stock worth $205,000 after acquiring an additional 462 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Paycor HCM by 0.8% in the fourth quarter. Baird Financial Group Inc. now owns 84,210 shares of the company's stock worth $2,060,000 after acquiring an additional 689 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Paycor HCM by 3.6% in the third quarter. UBS Asset Management Americas Inc. now owns 20,074 shares of the company's stock worth $593,000 after acquiring an additional 699 shares during the last quarter. Finally, Mariner LLC increased its stake in shares of Paycor HCM by 1.8% in the third quarter. Mariner LLC now owns 40,794 shares of the company's stock worth $931,000 after acquiring an additional 730 shares during the last quarter. Institutional investors and hedge funds own 36.76% of the company's stock.

Insider Activity at Paycor HCM

In related news, Director Jonathan Corr sold 1,508 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $18.30, for a total value of $27,596.40. Following the completion of the sale, the director now owns 18,480 shares in the company, valued at $338,184. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Alice L. Geene sold 1,428 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $20.15, for a total value of $28,774.20. Following the completion of the transaction, the insider now owns 111,543 shares of the company's stock, valued at $2,247,591.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Corr sold 1,508 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $18.30, for a total transaction of $27,596.40. Following the completion of the transaction, the director now directly owns 18,480 shares of the company's stock, valued at approximately $338,184. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,021 shares of company stock worth $115,019. Company insiders own 0.90% of the company's stock.

Paycor HCM Stock Down 3.7 %

PYCR stock traded down $0.70 during mid-day trading on Wednesday, reaching $18.03. 501,512 shares of the stock traded hands, compared to its average volume of 716,999. The business has a 50-day moving average of $19.78 and a two-hundred day moving average of $20.78. Paycor HCM, Inc. has a 52 week low of $17.13 and a 52 week high of $27.50. The firm has a market capitalization of $3.21 billion, a PE ratio of -37.56, a P/E/G ratio of 6.15 and a beta of 0.50.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Paycor HCM had a negative net margin of 13.82% and a positive return on equity of 1.28%. The company had revenue of $159.54 million during the quarter, compared to the consensus estimate of $155.49 million. On average, equities research analysts anticipate that Paycor HCM, Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PYCR. BTIG Research began coverage on shares of Paycor HCM in a research note on Tuesday, February 6th. They issued a "buy" rating and a $26.00 price target on the stock. Jefferies Financial Group reiterated a "hold" rating and issued a $22.00 price objective (down from $27.00) on shares of Paycor HCM in a report on Friday, January 5th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $42.00 price objective on shares of Paycor HCM in a report on Monday, March 18th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Paycor HCM presently has a consensus rating of "Hold" and a consensus target price of $27.35.

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.