Paychex Inc (NASDAQ:PAYX) Stock Price Up as Sentiment Drops, now at 0.84

June 27, 2018 - By Maria Fierro

Paychex, Inc. (NASDAQ:PAYX) Corporate Logo

Paychex Inc’s Sentiment

In 2018 Q1 Paychex Inc (NASDAQ:PAYX) big money sentiment decreased to 0.84, according to Securities and Exchange Commission filings. So its down -0.08, from 2017Q4’s 0.92. 304 active investment managers opened new or increased stock positions, while 362 sold and trimmed stakes in Paychex Inc so the sentiment dropped. Funds own 238.99 million shares, up from 238.43 million shares in 2017Q4. Funds holding Paychex Inc in top 10 changed to 11 from 16 for a decrease of 5. In total 56 funds closed positions, 306 reduced and 228 increased. Also 76 funds bought new Paychex Inc stakes.

Largest Paychex Inc Investors

Mcdonald Capital Investors Inc Ca owns 2.08 million shares in Paychex Inc as of 2018 Q1. Paychex Inc’s shareholder Ensemble Capital Management Llc owns 618,717 shares as of 2018 Q1. In addition, Bluespruce Investments Lp reported 629,061 shares in Paychex Inc equivalent to 4.46% of its stocks portfolio. Parthenon Llc revealed 300,844 shares position in Paychex Inc. The Kansas-based fund Paragon Capital Management Llc looks positive on Paychex Inc, having 182,857 shares.

Paychex, Inc. provides payroll, human resource , retirement, and insurance services for small to medium-sized businesses in the United States and Germany.The firm is worth $24.27 billion. The firm offers payroll processing services that include payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing.29.12 is the P/E ratio. It also provides HR outsourcing services, such as Paychex HR solutions comprising payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services.

PAYX reached $67.565 during the last trading session after $1.435 change.Currently Paychex, Inc. is uptrending after 11.49% change in last June 27, 2017. PAYX has also 1.11 million shares volume. PAYX underperformed by 1.08% the S&P500.

South Dakota Inv Council accumulated 17,500 shs. Livforsakringsbolaget Skandia Omsesidigt holds 0.09% or 4,898 shs. New York-based Oppenheimer Asset Management Inc has invested 0.03% in Paychex, Inc. (NASDAQ:PAYX). Covington Mngmt owns 118,582 shs. Swiss Bank & Trust holds 0.14% of its capital in Paychex, Inc. (NASDAQ:PAYX) for 1.82 million shs. Freestone Cap invested in 0.27% or 75,819 shs. Troy Asset Limited invested in 68,300 shs or 0.19% of the stock. Hsbc Public Ltd holds 0.06% or 607,465 shs in its capital. Eaton Vance Management holds 0.11% or 736,659 shs in its capital. Baker Avenue Asset Lp invested in 0.09% or 15,407 shs. Markel Corporation reported 0.18% in Paychex, Inc. (NASDAQ:PAYX). Carderock Cap Mngmt owns 5,000 shs. Lifeplan Financial Grp stated it has 50 shs. Natl Pension Service, Korea-based fund reported 330,574 shs. 29,973 were reported by Da Davidson.

Paychex, Inc. had 4 selling transactions and 0 buys since January 4, 2018. This’s net activity of $10.03 million. On Tuesday, January 16 Vossler Jennifer R. sold $682,900 worth of Paychex, Inc. (NASDAQ:PAYX). On Friday, May 18 the insider VELLI JOSEPH M sold $200,135.

Paychex, Inc. (NASDAQ:PAYX) Ratings Coverage

A total of 9 analysts rate Paychex (NASDAQ:PAYX) as follows: 1 “Buy”, 8 “Hold” and 0 “Sell”. Тherefore 11% are bullish. The firm has $70.0 highest and $6300 lowest target. The avg target $65.43 is -3.16% below the last ($67.565) price. (NASDAQ:PAYX) has 12 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Tuesday, March 27 the rating was maintained by Barclays Capital with “Equal-Weight”. On Wednesday, March 28 the firm has “Neutral” rating by Citigroup given. On Monday, April 2 RBC Capital Markets upgraded the shares of PAYX in report to “Hold” rating. On Monday, March 26 the stock of Paychex, Inc. (NASDAQ:PAYX) has “Hold” rating given by Stifel Nicolaus. On Monday, March 26 RBC Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) rating. RBC Capital Markets has “Sell” rating and $6300 target. On Tuesday, January 9 Bank of America downgraded the shares of PAYX in report to “Hold” rating. On Monday, January 22 the stock of Paychex, Inc. (NASDAQ:PAYX) has “Hold” rating given by BMO Capital Markets. On Tuesday, April 17 the firm earned “Hold” rating by Bank of America. On Monday, March 26 BMO Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) with “Hold” rating. On Monday, March 26 the company was maintained by Robert W. Baird.

A couple more Paychex, Inc. (NASDAQ:PAYX) news were brought out by: Benzinga.com which released on June 27, 2018 “Earnings Scheduled For June 27, 2018”, also Seekingalpha.com on June 23, 2018 brought out “Stocks To Watch: More Trade Tiffs And Stress Tests”, the next Benzinga.com is “8 Stocks To Watch For June 27, 2018” on June 27, 2018. Seekingalpha.com has article titled “Paychex Bolstered By Strong Labor Market”.

Paychex, Inc. (NASDAQ:PAYX) Institutional Investors Chart

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