Paychex (PAYX) Holder Bluespruce Investments LP Decreased Holding by $1.58 Million; Piermont Capital Management Boosted Holding in Rambus (RMBS) by $1.16 Million

Paychex, Inc. (NASDAQ:PAYX) Logo

Piermont Capital Management Llc increased its stake in Rambus Inc. (RMBS) by 85.8% based on its latest 2018Q2 regulatory filing with the SEC. Piermont Capital Management Llc bought 96,450 shares as the company’s stock declined 15.95% while stock markets rallied. The institutional investor held 208,860 shares of the technology company at the end of 2018Q2, valued at $2.62M, up from 112,410 at the end of the previous reported quarter. Piermont Capital Management Llc who had been investing in Rambus Inc. for a number of months, seems to be bullish on the $903.81M market cap company. The stock decreased 0.95% or $0.08 during the last trading session, reaching $8.33. About 90,432 shares traded. Rambus Inc. (NASDAQ:RMBS) has declined 13.91% since December 6, 2017 and is downtrending. It has underperformed by 29.53% the S&P500. Some Historical RMBS News: 07/05/2018 – RAMBUS 1Q ADJ LOSS/SHR 10C, EST. EPS 21C; 07/05/2018 – Rambus 1Q Rev $46.4M; 07/05/2018 – CORRECT: RAMBUS SEES 2Q ADJ LOSS/SHR 13C TO 20C; 06/03/2018 – Rambus Closes Above 200-Day Moving Average: Technicals; 27/04/2018 – Rambus Shareholder Advisory Vote on Executive Compensation Gets 42.5M Votes Against, 38.6M For; 20/03/2018 – RAMBUS TO LICENSE DPA COUNTERMEASURES TO BEIJING TONGFANG; 04/05/2018 – RAMBUS FORMS JV IN CHINA TO DEVELOP RRAM TECHNOLOGY; 07/05/2018 – CORRECT: RAMBUS 1Q ADJ LOSS/SHR 10C; 19/04/2018 – DJ Rambus Inc, Inst Holders, 1Q 2018 (RMBS); 07/05/2018 – Rambus 1Q Loss $38.9M

Bluespruce Investments Lp decreased its stake in Paychex Inc (PAYX) by 3.7% based on its latest 2018Q2 regulatory filing with the SEC. Bluespruce Investments Lp sold 23,300 shares as the company’s stock rose 6.65% with the market. The hedge fund held 605,761 shares of the consumer services company at the end of 2018Q2, valued at $41.40 million, down from 629,061 at the end of the previous reported quarter. Bluespruce Investments Lp who had been investing in Paychex Inc for a number of months, seems to be less bullish one the $24.31B market cap company. The stock decreased 2.32% or $1.61 during the last trading session, reaching $67.69. About 385,203 shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 27.44% since December 6, 2017 and is uptrending. It has outperformed by 11.82% the S&P500. Some Historical PAYX News: 30/04/2018 – Paychex Board Votes to Expand to 11 Members, Appointed Pamela A. Joseph to Fill Position; 26/03/2018 – Cramer also sits down with the CEOs of Wendy’s and Paychex; 26/03/2018 – Paychex 3Q Human Resource Services Revenue $393.4M, Up 17%; 29/05/2018 – The Paychex-IHS Markit small business jobs survey shows a slight increase in the rate of hiring for May; 29/05/2018 – Paychex CEO: Small businesses need to increase pay to attract hard-to-find workers; 26/03/2018 – PAYCHEX SEES FY NET INCOME GROWTH ABOUT +13%; 27/04/2018 – Paychex Increases Quarterly Dividend By 12%; 26/03/2018 – PAYCHEX INC SEES 2018 TOTAL REVENUE IS EXPECTED TO GROW APPROXIMATELY 7%; 01/05/2018 – Paychex Collaborates with Workplace by Facebook to Bring New Communication Tools to Paychex Flex® Users; 26/03/2018 – PAYCHEX 3Q REV. $866.5M, EST. $854.1M

Analysts await Paychex, Inc. (NASDAQ:PAYX) to report earnings on December, 19 before the open. They expect $0.63 EPS, up 6.78% or $0.04 from last year’s $0.59 per share. PAYX’s profit will be $226.22 million for 26.86 P/E if the $0.63 EPS becomes a reality. After $0.67 actual EPS reported by Paychex, Inc. for the previous quarter, Wall Street now forecasts -5.97% negative EPS growth.

Among 22 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 2 Sell and 19 Hold. Therefore 5% are positive. Paychex had 70 analyst reports since August 14, 2015 according to SRatingsIntel. Barclays Capital initiated the shares of PAYX in report on Tuesday, December 20 with “Equal Weight” rating. The company was maintained on Thursday, December 21 by Robert W. Baird. The stock has “Sell” rating by RBC Capital Markets on Monday, November 20. The company was maintained on Thursday, June 28 by Citigroup. The rating was upgraded by Morgan Stanley on Wednesday, August 16 to “Equal-Weight”. Goldman Sachs downgraded Paychex, Inc. (NASDAQ:PAYX) on Tuesday, June 20 to “Neutral” rating. Barclays Capital maintained it with “Equal-Weight” rating and $70 target in Tuesday, March 27 report. The firm has “Hold” rating given on Tuesday, October 3 by Robert W. Baird. Wedbush initiated it with “Neutral” rating and $65 target in Friday, September 9 report. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Hold” rating given on Monday, March 26 by BMO Capital Markets.

Since July 5, 2018, it had 2 buys, and 17 insider sales for $16.45 million activity. Zaucha Laurie L. sold $2.26M worth of stock. DOODY JOSEPH bought $66,500 worth of stock or 1,000 shares. 7,853 shares were sold by INMAN GRANT M, worth $563,374. On Wednesday, July 11 MUCCI MARTIN sold $188,803 worth of Paychex, Inc. (NASDAQ:PAYX) or 2,683 shares. Another trade for 47,250 shares valued at $3.47 million was made by Gibson John B on Wednesday, September 5. TUCCI JOSEPH M also sold $428,938 worth of Paychex, Inc. (NASDAQ:PAYX) on Thursday, July 5.

More notable recent Paychex, Inc. (NASDAQ:PAYX) news were published by: Seekingalpha.com which released: “Paychex to buy Oasis Outsourcing for $1.2B – Seeking Alpha” on November 26, 2018, also Nasdaq.com with their article: “WM or RSG: Which Waste Management Stock Is Better Placed? – Nasdaq” published on December 04, 2018, Globenewswire.com published: “Analysis: Positioning to Benefit within Symantec, ACADIA Pharmaceuticals, Novavax, BBX Capital, Paychex, and US Foods Holding — Research Highlights Growth, Revenue, and Consolidated Results – GlobeNewswire” on December 03, 2018. More interesting news about Paychex, Inc. (NASDAQ:PAYX) were released by: Nasdaq.com and their article: “Here’s Why You Should Retain H&R Block in Your Portfolio – Nasdaq” published on November 23, 2018 as well as Nasdaq.com‘s news article titled: “Fang Holdings (SFUN) Misses Q3 Earnings, Revenue Estimates – Nasdaq” with publication date: December 04, 2018.

Investors sentiment increased to 1 in Q2 2018. Its up 0.16, from 0.84 in 2018Q1. It improved, as 36 investors sold PAYX shares while 280 reduced holdings. 83 funds opened positions while 234 raised stakes. 232.57 million shares or 2.68% less from 238.99 million shares in 2018Q1 were reported. Lpl Fincl Ltd Liability Corporation owns 188,607 shares or 0.03% of their US portfolio. Janney Montgomery Scott Ltd invested in 0.1% or 154,122 shares. Waddell & Reed Fin owns 0.04% invested in Paychex, Inc. (NASDAQ:PAYX) for 249,972 shares. Karpus Mgmt Inc holds 4,690 shares or 0.01% of its portfolio. Charter Trust invested in 11,814 shares or 0.1% of the stock. Fuller & Thaler Asset Management Inc has invested 0.05% in Paychex, Inc. (NASDAQ:PAYX). Louisiana State Employees Retirement owns 18,800 shares or 0.06% of their US portfolio. Bryn Mawr Commerce holds 0.44% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 116,048 shares. Sigma Planning Corp holds 0.07% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 15,317 shares. Glenmede Tru Comm Na holds 0.1% in Paychex, Inc. (NASDAQ:PAYX) or 358,792 shares. Manchester Capital Mgmt Limited Liability stated it has 1,718 shares or 0.02% of all its holdings. Fiduciary Finance Services Of The Southwest Tx accumulated 0.1% or 4,992 shares. Bokf Na owns 43,159 shares. 2,950 were accumulated by Pekin Singer Strauss Asset Il. Kentucky-based Alphamark Advsrs Ltd Liability Co has invested 0% in Paychex, Inc. (NASDAQ:PAYX).

Bluespruce Investments Lp, which manages about $352.80M and $1.03B US Long portfolio, upped its stake in S&P Global Inc by 52,433 shares to 382,825 shares, valued at $78.05M in 2018Q2, according to the filing. It also increased its holding in Ross Stores Inc (NASDAQ:ROST) by 202,875 shares in the quarter, for a total of 958,036 shares, and has risen its stake in Comcast Corp (NASDAQ:CMCSA).

Piermont Capital Management Llc, which manages about $208.82M and $326.65 million US Long portfolio, decreased its stake in Louisiana (NYSE:LPX) by 97,390 shares to 32,950 shares, valued at $897,000 in 2018Q2, according to the filing. It also reduced its holding in Insight Enterprises Inc. (NASDAQ:NSIT) by 22,388 shares in the quarter, leaving it with 61,630 shares, and cut its stake in Columbia Sportswear Company (NASDAQ:COLM).

Investors sentiment decreased to 0.77 in 2018 Q2. Its down 0.58, from 1.35 in 2018Q1. It turned negative, as 26 investors sold RMBS shares while 48 reduced holdings. 20 funds opened positions while 37 raised stakes. 85.85 million shares or 0.93% less from 86.66 million shares in 2018Q1 were reported. Voya Investment Limited Company, a Georgia-based fund reported 43,071 shares. Moreover, Quantbot Technologies Limited Partnership has 0.11% invested in Rambus Inc. (NASDAQ:RMBS). California Employees Retirement Systems stated it has 262,525 shares or 0% of all its holdings. Teachers Retirement Sys Of The State Of Kentucky reported 0% in Rambus Inc. (NASDAQ:RMBS). Manufacturers Life Insur The holds 0% or 78,125 shares in its portfolio. State Board Of Administration Of Florida Retirement has 0% invested in Rambus Inc. (NASDAQ:RMBS). Morgan Stanley stated it has 770,954 shares. Bnp Paribas Arbitrage invested in 0% or 10,673 shares. Element Cap Mgmt Limited Liability Co holds 0.01% or 19,995 shares. Sei Investments Co reported 17,665 shares stake. Hartford Finance Management has invested 0% of its portfolio in Rambus Inc. (NASDAQ:RMBS). Legal General Gru Public Lc holds 0% or 235,662 shares. Blackrock reported 14.82M shares stake. Teacher Retirement System Of Texas reported 0% of its portfolio in Rambus Inc. (NASDAQ:RMBS). Texas Permanent School Fund reported 69,371 shares stake.

Among 12 analysts covering Rambus Inc (NASDAQ:RMBS), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Rambus Inc had 29 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, August 31 the stock rating was maintained by Jefferies with “Hold”. The firm has “Overweight” rating by JP Morgan given on Thursday, February 9. On Friday, June 3 the stock rating was initiated by Wunderlich with “Buy”. The stock has “Buy” rating by Loop Capital on Tuesday, December 6. The stock has “Buy” rating by Roth Capital on Thursday, September 1. Jefferies maintained it with “Hold” rating and $13.5000 target in Thursday, June 1 report. As per Saturday, August 22, the company rating was upgraded by Zacks. Sidoti upgraded the stock to “Buy” rating in Thursday, September 17 report. On Friday, September 22 the stock rating was downgraded by J.P. Morgan to “Hold”. The stock of Rambus Inc. (NASDAQ:RMBS) has “Buy” rating given on Tuesday, October 30 by Deutsche Bank.

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

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