Needham downgraded Paycor HCM (PYCR) to Hold from Buy without a price target after the company entered into a definitive agreement to acquired by Paychex (PAYX) in an all-cash transaction for $22.50 per share, representing an enterprise value of approximately $4.1B.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PYCR:
- Paychex to acquire Paycor HCM, Getty and Shutterstock to merge: Morning Buzz
- M&A News: Paychex (NASDAQ:PAYX) Will Acquire PYCR for $4.1B
- Apax Funds to sell majority stake in Paycor HCM to Paychex
- Paychex to acquire Paycor HCM for $22.50 per share in cash
- Asure Software upgraded to Buy from Hold at Lake Street
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
