Brokerages downgrade payroll processing firm Paycor

Paycor HCM

08/01/2025 13:06

** Stifel cuts stock rating for Paycor HCM  PYCR.O  to
"hold" from "buy", trims PT to $22.50 from $25
    ** "While we continue to expect a muted public M&A
environment surrounding human capital management products due to
the limited number of available targets, we anticipate the
broader software M&A market will remain active across both
strategic and financial acquirers," says Stifel
    ** BMO Capital Markets also cuts stock rating for PYCR to
"market perform" from "outperform", trims PT to $22.50 from $24
    ** Paychex  PAYX.O  said on Tuesday it will acquire payroll
processing firm PYCR for about $4.1 billion in cash, as the HR
management firm looks to broaden its artificial intelligence
capabilities and consolidate its market share
    ** PYCR was down 14% in 2024

 (Reporting by Anshuman Tripathy)
 ((Anshuman.Tripathy@thomsonreuters.com))