As International Business Machines (IBM) Stock Value Declined, Hikari Power LTD Lowered Holding by $12.32 Million; Cutter & Company Brokerage Has Lifted Its Paychex (PAYX) Stake by $311,126

Paychex, Inc. (NASDAQ:PAYX) Logo

Cutter & Company Brokerage Inc increased its stake in Paychex Inc (PAYX) by 104.9% based on its latest 2018Q3 regulatory filing with the SEC. Cutter & Company Brokerage Inc bought 4,262 shares as the company’s stock declined 8.21% with the market. The institutional investor held 8,325 shares of the consumer services company at the end of 2018Q3, valued at $613,000, up from 4,063 at the end of the previous reported quarter. Cutter & Company Brokerage Inc who had been investing in Paychex Inc for a number of months, seems to be bullish on the $27.21B market cap company. The stock increased 0.81% or $0.61 during the last trading session, reaching $75.78. About 2.84 million shares traded or 30.41% up from the average. Paychex, Inc. (NASDAQ:PAYX) has declined 0.60% since February 17, 2018 and is downtrending. It has underperformed by 0.60% the S&P500. Some Historical PAYX News: 26/03/2018 – Paychex 3Q Human Resource Services Revenue $393.4M, Up 17%; 30/04/2018 – Paychex Expands Board, Elects New Member; 26/03/2018 – Paychex 3Q Adj EPS 63c; 26/03/2018 – Paychex 3Q Payroll Service Revenue $455M, Up 2%; 26/03/2018 – Paychex Sees FY18 Service Revenue Up About 2%; 02/04/2018 – PAYCHEX INC PAYX.O : RBC RAISES TO SECTOR PERFORM FROM UNDERPERFORM; 29/05/2018 – Paychex CEO: Small businesses need to increase pay to attract hard-to-find workers; 29/05/2018 – Small businesses should focus on trying to pay more in order to attract hard-to-find workers, according to Paychex CEO Martin Mucci; 30/04/2018 – Paychex: Pamela Joseph Elected to Board; 26/03/2018 – PAYCHEX 3Q ADJ EPS 63C, EST. 63C

Hikari Power Ltd decreased its stake in International Business Machines Corp (IBM) by 36.01% based on its latest 2018Q3 regulatory filing with the SEC. Hikari Power Ltd sold 81,600 shares as the company’s stock declined 16.83% with the market. The institutional investor held 144,990 shares of the computer manufacturing company at the end of 2018Q3, valued at $21.92M, down from 226,590 at the end of the previous reported quarter. Hikari Power Ltd who had been investing in International Business Machines Corp for a number of months, seems to be less bullish one the $125.44 billion market cap company. The stock increased 1.14% or $1.55 during the last trading session, reaching $138.03. About 3.84 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 21.12% since February 17, 2018 and is downtrending. It has underperformed by 21.12% the S&P500. Some Historical IBM News: 21/03/2018 – IBM Watson, Mastercard, Walmart, CBS and PepsiCo Executives to Speak at the ARF’s CONSUMERxSClENCE; 24/05/2018 – FRESCHE SOLUTIONS, A PROVIDER OF IBM l APPLICATION MODERNIZATION AND MANAGEMENT SOLUTIONS, ANNOUNCED IT SECURED $60 MLN OF FINANCING; 08/03/2018 – IBM Targets Long-Term EPS Growth in High-Single-Digits; 22/05/2018 – Apollo Hospitals Adopts IBM Watson for Oncology and IBM Watson for Genomics to Help Physicians Make Data-Driven Cancer Care Decisions; 20/03/2018 – REG-lntnl Bus. Mach: Doc re Form 8-K; 17/04/2018 – IBM – REPORTED GAAP AND OPERATING (NON-GAAP) TAX RATES FOR THE FIRST QUARTER INCLUDE A $0.8 BILLION DISCRETE TAX BENEFIT; 18/04/2018 – The “Mad Money” host mentions quarterly reports from rail company CSX, IBM and Morgan Stanley; 17/04/2018 – IBM – COMPANY EXPECTS FY 2018 GAAP DILUTED EARNINGS PER SHARE OF AT LEAST $11.58; 07/05/2018 – BMC considers sale, draws KKR, Thoma Bravo interest; 17/04/2018 – IBM has now posted revenue growth for the second quarter in a row

More notable recent Paychex, Inc. (NASDAQ:PAYX) news were published by: Prnewswire.com which released: “Paychex Poll Reveals the Government Shutdown Negatively Impacted Business Outlook for Nearly One in Five Business Owners – PRNewswire” on January 28, 2019, also Nasdaq.com with their article: “Aptiv (APTV) Beats Earnings and Revenue Estimates in Q4 – Nasdaq” published on January 31, 2019, Nasdaq.com published: “Top Ranked Income Stocks to Buy for February 1st – Nasdaq” on February 01, 2019. More interesting news about Paychex, Inc. (NASDAQ:PAYX) were released by: Nasdaq.com and their article: “ADP Rides on Strategic Acquisitions & Solid Balance Sheet – Nasdaq” published on February 15, 2019 as well as Nasdaq.com‘s news article titled: “Paychex (PAYX) Up 5.8% Since Last Earnings Report: Can It Continue? – Nasdaq” with publication date: January 18, 2019.

Investors sentiment increased to 1.08 in Q3 2018. Its up 0.08, from 1 in 2018Q2. It improved, as 25 investors sold PAYX shares while 292 reduced holdings. 96 funds opened positions while 245 raised stakes. 239.85 million shares or 3.13% more from 232.57 million shares in 2018Q2 were reported. Dearborn Prns Limited Liability invested in 12,141 shares. Marble Harbor Investment Counsel Lc owns 5,712 shares. Invesco Limited invested 0.13% in Paychex, Inc. (NASDAQ:PAYX). Lazard Asset Management Llc accumulated 651,339 shares. Paragon Cap Management Ltd reported 138,814 shares. Bokf Na, a Oklahoma-based fund reported 43,204 shares. Tompkins Fincl reported 0.01% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Employees Retirement System Of Texas invested in 13,000 shares. Moreover, Hsbc Public Limited Co has 0.06% invested in Paychex, Inc. (NASDAQ:PAYX). Davenport & Communications Limited Com holds 12,736 shares or 0.01% of its portfolio. Boston Advsrs Ltd Liability invested in 0.05% or 15,415 shares. Norris Perne French Llp Mi stated it has 0.07% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Birch Hill Inv Advisors Ltd Com holds 0.02% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 3,350 shares. Thomasville Savings Bank has invested 0.05% in Paychex, Inc. (NASDAQ:PAYX). Enterprise Financial Service Corporation reported 628 shares or 0.02% of all its holdings.

Among 22 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 2 Sell and 19 Hold. Therefore 5% are positive. Paychex had 71 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Equal-Weight” rating given on Thursday, June 28 by Morgan Stanley. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, October 3 report. Bank of America upgraded Paychex, Inc. (NASDAQ:PAYX) rating on Tuesday, January 8. Bank of America has “Neutral” rating and $68 target. Robert W. Baird maintained Paychex, Inc. (NASDAQ:PAYX) rating on Monday, September 11. Robert W. Baird has “Hold” rating and $60.0 target. On Thursday, December 21 the stock rating was maintained by Robert W. Baird with “Hold”. As per Monday, March 26, the company rating was maintained by Robert W. Baird. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Neutral” rating by Citigroup on Wednesday, October 3. As per Thursday, August 17, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained it with “Hold” rating and $6100 target in Wednesday, June 28 report. The firm earned “Hold” rating on Monday, March 26 by BMO Capital Markets.

Cutter & Company Brokerage Inc, which manages about $412.24M and $293.19M US Long portfolio, decreased its stake in Novo Nordisk A S Adr (NYSE:NVO) by 12,459 shares to 152,328 shares, valued at $7.18 million in 2018Q3, according to the filing. It also reduced its holding in Valmont Inds Inc (NYSE:VMI) by 2,960 shares in the quarter, leaving it with 23,841 shares, and cut its stake in Energen Corporation (NYSE:EGN).

Since August 15, 2018, it had 2 insider purchases, and 6 insider sales for $9.70 million activity. $3.62 million worth of stock was sold by MUCCI MARTIN on Monday, February 4. $66,500 worth of Paychex, Inc. (NASDAQ:PAYX) was bought by DOODY JOSEPH on Tuesday, October 23. Shares for $749,800 were sold by Vossler Jennifer R. on Wednesday, February 13.

Hikari Power Ltd, which manages about $983.61 million US Long portfolio, upped its stake in Vanguard Consumer Staples Etf (VDC) by 14,180 shares to 40,600 shares, valued at $5.69 million in 2018Q3, according to the filing. It also increased its holding in Allergan Plc by 36,850 shares in the quarter, for a total of 153,580 shares, and has risen its stake in Altria Group Inc (NYSE:MO).

Among 35 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 5 Sell and 16 Hold. Therefore 40% are positive. International Business Machines had 142 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of International Business Machines Corporation (NYSE:IBM) earned “Underperform” rating by Credit Suisse on Wednesday, October 12. The stock of International Business Machines Corporation (NYSE:IBM) has “Market Perform” rating given on Thursday, July 19 by BMO Capital Markets. Barclays Capital maintained International Business Machines Corporation (NYSE:IBM) rating on Tuesday, October 18. Barclays Capital has “Underweight” rating and $135 target. J.P. Morgan maintained International Business Machines Corporation (NYSE:IBM) on Friday, January 19 with “Hold” rating. The firm has “Buy” rating given on Wednesday, July 19 by Morgan Stanley. The firm has “Hold” rating by Deutsche Bank given on Wednesday, January 20. The stock has “Neutral” rating by Goldman Sachs on Tuesday, September 22. The stock of International Business Machines Corporation (NYSE:IBM) has “Underperform” rating given on Tuesday, July 19 by Jefferies. The stock of International Business Machines Corporation (NYSE:IBM) earned “Buy” rating by Morgan Stanley on Wednesday, March 21. The rating was maintained by Argus Research on Wednesday, March 22 with “Buy”.

Since October 31, 2018, it had 5 insider purchases, and 0 selling transactions for $2.09 million activity. Another trade for 1,000 shares valued at $114,673 was bought by OWENS JAMES W. Another trade for 2,153 shares valued at $249,722 was bought by WADDELL FREDERICK H. On Friday, November 2 Rometty Virginia M bought $998,835 worth of International Business Machines Corporation (NYSE:IBM) or 8,500 shares. Swedish Joseph had bought 2,000 shares worth $232,838.

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.