As Paychex INC (PAYX) Valuation Declined, Willis Investment Counsel Has Trimmed Holding by $3.37 Million

April 25, 2018 - By Ellis Scott

Paychex, Inc. (NASDAQ:PAYX) LogoInvestors sentiment decreased to 0.92 in Q4 2017. Its down 0.10, from 1.02 in 2017Q3. It dived, as 39 investors sold PAYX shares while 306 reduced holdings. 93 funds opened positions while 226 raised stakes. 238.43 million shares or 0.16% less from 238.82 million shares in 2017Q3 were reported. Appleton Ptnrs Inc Ma owns 12,060 shares. Creative Planning owns 0.01% invested in Paychex, Inc. (NASDAQ:PAYX) for 38,948 shares. Churchill Management has 294,146 shares. 62,832 are held by Nomura Holding Incorporated. Brinker owns 62,164 shares. Shoker Counsel owns 22,918 shares or 1.13% of their US portfolio. 32,595 are held by Advantus Mngmt. 7,607 were reported by Buckhead Cap Ltd Com. Buckingham Cap Management invested in 0% or 2,682 shares. Bancshares Of Nova Scotia stated it has 0.02% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Stevens Capital LP reported 177,045 shares or 0.47% of all its holdings. Washington Tru invested in 0.11% or 29,272 shares. Covenant Multifamily Offices Limited Liability holds 0.04% or 950 shares. Nomura Asset Management holds 0.15% or 195,485 shares. 59,900 are owned by Comgest Glob Invsts Sas.

Since January 4, 2018, it had 0 insider purchases, and 3 sales for $9.83 million activity. 10,000 shares valued at $682,900 were sold by Vossler Jennifer R. on Tuesday, January 16.

Willis Investment Counsel decreased its stake in Paychex Inc (PAYX) by 12.98% based on its latest 2017Q4 regulatory filing with the SEC. Willis Investment Counsel sold 49,500 shares as the company’s stock declined 12.35% with the market. The institutional investor held 331,825 shares of the consumer services company at the end of 2017Q4, valued at $22.59M, down from 381,325 at the end of the previous reported quarter. Willis Investment Counsel who had been investing in Paychex Inc for a number of months, seems to be less bullish one the $21.52 billion market cap company. The stock decreased 0.08% or $0.05 during the last trading session, reaching $59.9. About 2.40M shares traded or 1.92% up from the average. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since April 25, 2017 and is downtrending. It has underperformed by 13.27% the S&P500.

Willis Investment Counsel, which manages about $1.45B and $1.42B US Long portfolio, upped its stake in Verizon Communications Com (NYSE:VZ) by 69,992 shares to 418,802 shares, valued at $22.17 million in 2017Q4, according to the filing.

Analysts await Paychex, Inc. (NASDAQ:PAYX) to report earnings on June, 27. They expect $0.62 earnings per share, up 14.81 % or $0.08 from last year’s $0.54 per share. PAYX’s profit will be $222.75M for 24.15 P/E if the $0.62 EPS becomes a reality. After $0.63 actual earnings per share reported by Paychex, Inc. for the previous quarter, Wall Street now forecasts -1.59 % negative EPS growth.

Paychex, Inc. (NASDAQ:PAYX) Ratings Coverage

Among 9 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 0 Sell and 8 Hold. Therefore 11% are positive. Paychex had 21 analyst reports since November 13, 2017 according to SRatingsIntel. As per Monday, March 26, the company rating was maintained by Robert W. Baird. The firm has “Hold” rating by Robert W. Baird given on Thursday, December 21. The firm has “Hold” rating given on Monday, March 26 by Stifel Nicolaus. The company was maintained on Monday, November 13 by RBC Capital Markets. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, December 21 report. The company was maintained on Monday, January 22 by BMO Capital Markets. RBC Capital Markets maintained the shares of PAYX in report on Monday, March 26 with “Sell” rating. On Wednesday, March 28 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Hold” rating by BMO Capital Markets given on Monday, March 26. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Equal-Weight” rating by Barclays Capital on Tuesday, March 27.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: