Paychex Inc (NASDAQ:PAYX) Stock Price While Sentiment Crashed to 0.84

June 27, 2018 - By Nicole Mills

Paychex, Inc. (NASDAQ:PAYX) Corporate Logo

Positions for Paychex Inc (NASDAQ:PAYX)

In Q1 2018 Paychex Inc (NASDAQ:PAYX) big money sentiment decreased to 0.84, SEC filings reveal. That’s down -0.08, from 2017Q4’s 0.92. 304 investment managers started new or increased holdings, while 362 decreased and sold positions in Paychex Inc so the sentiment dived. These funds own 238.99 million shares, that’s up from 238.43 million shares in 2017Q4. Funds holding Paychex Inc in top 10 decreased from 16 to 11 for a decrease of 5. 56 Investors Sold All; 306 Reduced Holdings; 228 increased stakes while 76 investment managers bought stakes.

Biggest Paychex Inc Investors

As of Q1 2018 Mcdonald Capital Investors Inc Ca has 10.38% invested in Paychex Inc. Paychex Inc’s shareholder Ensemble Capital Management Llc owns 618,717 shares as of Q1 2018. Also, Bluespruce Investments Lp reported 629,061 shares in Paychex Inc equivalent to 4.46% of its stocks portfolio. The Kentucky-based fund Parthenon Llc have invested about 4.36% of the institutional investor’s stock portfolio in Paychex Inc. The Kansas-based fund Paragon Capital Management Llc holds 182,857 shares or 4.05% of their stocks portfolio.

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 valued at $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.The P/E ratio is 29.12. 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.

Ticker’s shares touched $67.565 during the last trading session after 2.08% change.Paychex, Inc. has volume of 1.11 million shares. Since June 27, 2017 PAYX has risen 11.49% and is uptrending. The stock underperformed the S&P500 by 1.08%.

Tiverton Asset Limited reported 5,238 shs. Trust Of Virginia Va invested 0.06% of its capital in Paychex, Inc. (NASDAQ:PAYX). Wetherby Asset Inc has invested 0.1% of its capital in Paychex, Inc. (NASDAQ:PAYX). Moreover, Thrivent Financial For Lutherans has 0% invested in Paychex, Inc. (NASDAQ:PAYX). Copeland Cap Llc accumulated 114,371 shs. Wellington Grp Inc Llp invested 0% of its capital in Paychex, Inc. (NASDAQ:PAYX). Putnam Lc reported 4,649 shs stake. 15,697 are held by Pinnacle Wealth Advisory Gp Lc. Crawford Invest Counsel has 930,138 shs. Morgan Dempsey Cap Mngmt Limited Liability holds 0% or 89,844 shs in its capital. Exane Derivatives reported 17 shs. Kornitzer Cap Ks holds 123,783 shs. Chevy Chase Trust Holdings reported 0.08% stake. Hendershot owns 0.94% invested in Paychex, Inc. (NASDAQ:PAYX) for 37,774 shs. Canada Pension Plan Invest Board has invested 0.02% in Paychex, Inc. (NASDAQ:PAYX).

Paychex, Inc. had 4 selling transactions and 0 buys since January 4, 2018. This’s net activity of $10.03 million. Another trade for 3,079 shs valued at $200,135 was sold by VELLI JOSEPH M. Vossler Jennifer R. sold $682,900 worth of stock or 10,000 shs.

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, January 9 the stock of Paychex, Inc. (NASDAQ:PAYX) earned “Hold” rating by Bank of America. On Monday, March 26 the firm earned “Hold” rating by Stifel Nicolaus. On Monday, March 26 the rating was maintained by Robert W. Baird with “Hold”. On Monday, April 2 the firm has “Hold” rating given by RBC Capital Markets. On Monday, January 22 BMO Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) with “Hold” rating. In Monday, March 26 report RBC Capital Markets maintained it with “Sell” rating and $6300 target. In Tuesday, March 27 report JP Morgan maintained it with “Neutral” rating and $65 target. On Wednesday, March 28 the rating was maintained by Citigroup with “Neutral”. The company rating was maintained by BMO Capital Markets on Monday, March 26. On Tuesday, April 17 Bank of America downgraded Paychex, Inc. (NASDAQ:PAYX) to “Hold” rating.

A couple more Paychex, Inc. (NASDAQ:PAYX) news were published by: Benzinga.com which released on June 27, 2018 “Earnings Scheduled For June 27, 2018”, also Seekingalpha.com on June 23, 2018 published “Stocks To Watch: More Trade Tiffs And Stress Tests”, the next Seekingalpha.com is “Paychex Bolstered By Strong Labor Market” on June 18, 2018. Benzinga.com has article titled “8 Stocks To Watch For June 27, 2018”.

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

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