Paychex Inc (NASDAQ:PAYX).
Baird Financial Group, Inc. lowered its stake in Paychex Inc by 0.4% in the quarter ending 09/30/2017. Its position was worth $28,859,000 an increase of 4.9% as of the end of the quarter.
Several firms have shifted positions in (PAYX). Tredje Ap-fonden expanded its stake by buying 21,968 shares an increase of 16.9% from 06/30/2017 to 09/30/2017. Tredje Ap-fonden now holds 151,773 shares worth $9,100,000. The total value of its holdings increased 23.1%. As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought a total of 2,259 shares growing its holdings by 9.5%. The value of the investment in Paychex Inc increased from $1,353,000 to $1,560,000 a change of 15.3% since the last quarter.
Great Lakes Advisors, LLC bolstered its ownership by buying 1,242 shares an increase of 6.2% in the quarter. Great Lakes Advisors, LLC claims 21,312 shares with a value of $1,278,000. The value of the position overall is up by 11.8%.
October 4 investment analysts at Robert W. Baird maintained a stock rating of “Hold” targeting a price of $64.00. Bank of America Corporation raised the price target on October 4 changing the price objective from $64.00 to $68.00 and issued a “Buy” rating.
On October 4 Royal Bank Of Canada held the company rating at “Underperform” with a current price target of $57.00. Equity analyst Wells Fargo & Company raised the price target on October 4 boosting the projection from $58.00 to $60.00 and stated a “Market Perform” rating.
October 4 investment analysts at Morgan Stanley made no change to the company rating of “Equal Weight” projecting a price of $59.00. October 4 investment analysts at BMO Capital Markets maintained a company rating of “Market Perform” projecting a price of $62.00.
The company is now down from yesterday’s close of 65.37. The P/E ratio is 28.43 and the market cap is 23.35B. As of the latest earnings report the EPS was $2.29 with 358.99M shares presently outstanding.
Investors are a little more bearish on Paychex Inc if you take note of the change in short interest. The stock experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 22.12%. Short interest increased from 11,877,610 to 14,504,656 over that timeframe. The short-interest ratio decreased to 4.0 and the short interest percentage is 0.04% as of October 13.