*Paychex INC (PAYX) Stake Maintained by Laffer Investments

May 16, 2018 - By Sonya McDaniel

Paychex, Inc. (NASDAQ:PAYX) Corporate LogoBig Money Sentiment decreased to 0.92 in Q4 2017. It has change of 0.10, from 2017Q3’s 1.02. The ratio dived due to PAYX positioning: 39 sold and 306 reduced. 93 funds amassed holdings and 226 increased holdings. Investors holded 238.82 million in 2017Q3 but now own 238.43 million shares or 0.16% less. Gideon Cap Advsrs stated it has 11,439 shs or 0.69% of all its holdings. Ls Invest Advsr Ltd Liability Co has invested 0.1% in Paychex, Inc. (NASDAQ:PAYX). Los Angeles Equity Rech holds 0.16% of its capital in Paychex, Inc. (NASDAQ:PAYX) for 438,424 shs. Riverpoint Cap Mngmt Limited Com holds 0.25% in Paychex, Inc. (NASDAQ:PAYX) or 60,989 shs. The United Kingdom-based Rathbone Brothers Public Ltd Co has invested 0.05% in Paychex, Inc. (NASDAQ:PAYX). Private Advisor Group Ltd Liability owns 17,844 shs. Atria Invests Ltd Liability, a North Carolina-based fund reported 34,826 shs. Cypress accumulated 1.81% or 127,652 shs. East Coast Asset Mgmt Limited Liability stated it has 20,932 shs. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management holds 0.14% of its capital in Paychex, Inc. (NASDAQ:PAYX) for 236,400 shs. 300 were reported by Barrett Asset Management Ltd Liability Corporation. 230 were reported by Vigilant Capital Mngmt Limited Liability Corporation. One Natl Association holds 0.09% or 19,346 shs in its capital. Cue Fincl Grp invested in 0.82% or 18,357 shs. Haverford Trust Communication holds 0.01% in Paychex, Inc. (NASDAQ:PAYX) or 5,620 shs.

PAYX registered $9.83 million net activity with 0 buys and 3 sales since January 4, 2018. On Tuesday, January 16 $682,900 worth of Paychex, Inc. (NASDAQ:PAYX) was sold by Vossler Jennifer R..

The holdings In Paychex Inc (PAYX) was decreased held by Laffer Investments. According to 2017Q4 Securities and Exchange filling the decrease is 3.04%. 1,249 shares were sold by Laffer Investments as the company’s stock declined 12.35% with the market. The consumer services company reported $2.72 billion value for the 2017Q4. Now the institutional investor is holding 39,883 shares, compared to the 41,132 from the previous quarter. Paychex Inc has $23.34 billion MC. PAYX is reaching $64.96 during the last trading session, after increased 1.07%.Currently Paychex, Inc. is downtrending after 1.72% change in last May 16, 2017. PAYX has 1.91 million shares volume. PAYX underperformed the S&P 500 by 13.27%.

Laffer Investments operates about $614.32M and $399.05B US Long portfolio. Its stake in Tcp Capital Corp was upped by 14 shares to 2,011 shares valued at $2.12 billion in 2017Q4, according to the filing. For a total of 798 shares it increased its holding in Janus Capital by 2 shares in the quarter, and has risen its stake in Citrix Inc.

Paychex, Inc. (NASDAQ:PAYX)’s earnings report is expected on June, 27., according to Faxor. This year’s EPS analyst estimate is expected to be $0.61. That is 12.96 % up compareed to $0.54 EPS for last year. PAYX’s profit could be $219.16 million with 26.62 P/E in case $0.61 EPS is reported. -3.17 % negative EPS growth is what analysts predict. $0.63 EPS was reported for previous quarter.

Paychex, Inc. (NASDAQ:PAYX) Ratings Coverage

Total analysts of 9 have positions in Paychex (NASDAQ:PAYX) as follows: 1 rated it a “Buy”, 0 with “Sell” and 8 with “Hold”. The positive are 11%. Since November 20, 2017 according to StockzIntelligence Inc Paychex has 20 analyst reports. In Monday, March 26 report BMO Capital Markets maintained the stock with “Hold” rating. On Monday, January 22 the rating was maintained by BMO Capital Markets with “Hold”. In Wednesday, March 28 report Citigroup maintained the stock with “Neutral” rating. On Monday, April 2 RBC Capital Markets upgraded Paychex, Inc. (NASDAQ:PAYX) to “Hold” rating. On Monday, March 26 the company was maintained by RBC Capital Markets. On Thursday, December 21 BMO Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) rating. BMO Capital Markets has “Hold” rating and $68.0 target. On Monday, November 20 the rating was maintained by RBC Capital Markets with “Sell”. On Tuesday, March 27 the stock has “Neutral” rating by JP Morgan. On Thursday, December 21 the firm has “Hold” rating by Stifel Nicolaus given. On Monday, December 4 the rating was upgraded by Citigroup to “Hold”.

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

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