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Fly News Breaks for March 2, 2018
WAGE
Mar 2, 2018 | 11:20 EDT
SunTrust analyst Tobey Sommer said he does not believe that WageWorks' (WAGE) calculations of its organic growth is currently an issue driving the company's delay in filing its 10-K report. He thinks the issues currently relate to the company's prior acquisition of the Consumer Health Spending Account business from ADP (ADP), an ERP implementation in 2017 and the large Office of Personnel Management contract. He maintains a Buy rating on WageWorks shares.
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