Paychex (PAYX) Stock Value Declined While Rench Wealth Management Upped Holding by $974,031; Pfizer (PFE) Stake Raised by Koshinski Asset Management Inc

February 22, 2018 - By Adrian Erickson

Rench Wealth Management Inc increased its stake in Paychex Inc (PAYX) by 42.89% based on its latest 2017Q3 regulatory filing with the SEC. Rench Wealth Management Inc bought 16,509 shares as the company’s stock declined 2.74% while stock markets rallied. The institutional investor held 55,001 shares of the consumer services company at the end of 2017Q3, valued at $3.30M, up from 38,492 at the end of the previous reported quarter. Rench Wealth Management Inc who had been investing in Paychex Inc for a number of months, seems to be bullish on the $23.38 billion market cap company. The stock decreased 0.50% or $0.33 during the last trading session, reaching $65.08. About 1.54 million shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since February 22, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.

Koshinski Asset Management Inc increased its stake in Pfizer Inc (PFE) by 237.61% based on its latest 2017Q3 regulatory filing with the SEC. Koshinski Asset Management Inc bought 105,069 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 149,288 shares of the health care company at the end of 2017Q3, valued at $5.33 million, up from 44,219 at the end of the previous reported quarter. Koshinski Asset Management Inc who had been investing in Pfizer Inc for a number of months, seems to be bullish on the $213.16B market cap company. The stock decreased 0.69% or $0.25 during the last trading session, reaching $35.76. About 24.55M shares traded or 13.72% up from the average. Pfizer Inc. (NYSE:PFE) has declined 2.76% since February 22, 2017 and is downtrending. It has underperformed by 19.46% the S&P500.




Among 18 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 2 Sell and 15 Hold. Therefore 6% are positive. Paychex had 44 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Mkt Perform” rating by Bernstein on Wednesday, January 11. The firm has “Hold” rating given on Tuesday, January 9 by Bank of America. The stock has “Sell” rating by RBC Capital Markets on Monday, November 13. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, August 17. The firm earned “Hold” rating on Friday, August 18 by BMO Capital Markets. RBC Capital Markets maintained it with “Sell” rating and $65.0 target in Thursday, December 21 report. As per Tuesday, October 3, the company rating was maintained by Stifel Nicolaus. The company was upgraded on Wednesday, August 16 by Morgan Stanley. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Neutral” rating by Sterne Agee CRT on Thursday, December 17. The company was maintained on Wednesday, June 28 by Stifel Nicolaus.

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.01, from 1.03 in 2017Q2. It dived, as 57 investors sold PAYX shares while 263 reduced holdings. 65 funds opened positions while 260 raised stakes. 238.82 million shares or 0.48% more from 237.67 million shares in 2017Q2 were reported. Gemmer Asset Management Limited Liability Corp holds 0% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 222 shares. Prudential Pcl stated it has 32,400 shares. Qci Asset Management Inc reported 15,431 shares. Hourglass Cap Lc has 1.25% invested in Paychex, Inc. (NASDAQ:PAYX). Commerzbank Aktiengesellschaft Fi stated it has 0.04% in Paychex, Inc. (NASDAQ:PAYX). Northwest Inv Counselors Ltd Liability owns 41,740 shares or 1.08% of their US portfolio. Mechanics Financial Bank Trust Department owns 27,265 shares or 0.39% of their US portfolio. Mitchell Mcleod Pugh And Williams reported 0.29% in Paychex, Inc. (NASDAQ:PAYX). Auxier Asset Management holds 46,285 shares. Woodley Farra Manion invested 0.08% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Voya Invest Mngmt Limited Liability reported 0.23% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Dillon & Associate reported 152,587 shares stake. Korea Inv Corporation has 0.02% invested in Paychex, Inc. (NASDAQ:PAYX). Oarsman accumulated 0.19% or 7,560 shares. Crawford Inv Counsel reported 954,667 shares or 1.86% of all its holdings.

Rench Wealth Management Inc, which manages about $147.20 million and $145.23M US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 3,134 shares to 46,370 shares, valued at $7.15M in 2017Q3, according to the filing. It also reduced its holding in Boeing Co (NYSE:BA) by 3,292 shares in the quarter, leaving it with 20,209 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

Since September 25, 2017, it had 0 insider buys, and 7 insider sales for $8.57 million activity. $900,000 worth of Paychex, Inc. (NASDAQ:PAYX) was sold by Zaucha Laurie L.. Gioja Michael E had sold 34,311 shares worth $2.36 million. Another trade for 29,786 shares valued at $1.88M was sold by MUCCI MARTIN.

Among 22 analysts covering Pfizer (NYSE:PFE), 10 have Buy rating, 1 Sell and 11 Hold. Therefore 45% are positive. Pfizer had 74 analyst reports since July 29, 2015 according to SRatingsIntel. Goldman Sachs maintained the stock with “Neutral” rating in Monday, April 18 report. As per Tuesday, September 5, the company rating was maintained by BMO Capital Markets. On Friday, March 24 the stock rating was maintained by Societe Generale with “Neutral”. The rating was maintained by Piper Jaffray with “Overweight” on Saturday, September 5. Suntrust Robinson upgraded Pfizer Inc. (NYSE:PFE) rating on Wednesday, November 25. Suntrust Robinson has “Neutral” rating and $37 target. The rating was maintained by Morgan Stanley on Wednesday, January 31 with “Overweight”. The stock of Pfizer Inc. (NYSE:PFE) earned “Buy” rating by Argus Research on Tuesday, November 3. The firm has “Overweight” rating given on Friday, August 28 by Piper Jaffray. Citigroup downgraded Pfizer Inc. (NYSE:PFE) on Tuesday, May 16 to “Sell” rating. On Monday, May 2 the stock rating was maintained by Leerink Swann with “Market Perform”.

Since August 31, 2017, it had 0 insider buys, and 7 insider sales for $12.30 million activity. DAMELIO FRANK A sold 94,409 shares worth $3.21 million. JOHNSON RADY A sold $296,560 worth of stock. $1.34M worth of Pfizer Inc. (NYSE:PFE) was sold by SUSMAN SALLY on Tuesday, September 12. READ IAN C sold 197,168 shares worth $6.70M.

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.02, from 0.94 in 2017Q2. It improved, as 53 investors sold PFE shares while 700 reduced holdings. 106 funds opened positions while 620 raised stakes. 4.06 billion shares or 0.86% more from 4.02 billion shares in 2017Q2 were reported. Fisher Asset Limited Liability Company invested 1.76% of its portfolio in Pfizer Inc. (NYSE:PFE). Institute For Wealth Mgmt Ltd Liability Com holds 0.52% or 44,786 shares. Comerica Bancshares reported 0.67% stake. Bancorpsouth stated it has 84,463 shares or 0.3% of all its holdings. State Treasurer State Of Michigan reported 2.42 million shares stake. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt Corporation invested in 0.23% or 699,300 shares. Mgmt Professionals reported 0.07% in Pfizer Inc. (NYSE:PFE). The Oklahoma-based Prescott Grp Inc Capital Management has invested 0.04% in Pfizer Inc. (NYSE:PFE). Burt Wealth Advisors accumulated 13,011 shares or 0.3% of the stock. Legal & General Public Ltd Llc accumulated 31.84M shares or 0.85% of the stock. Bluefin Trading Ltd Limited Liability Company has invested 0.21% of its portfolio in Pfizer Inc. (NYSE:PFE). Holderness Invs has 70,395 shares for 1.31% of their portfolio. Connor Clark Lunn Investment Mngmt Limited has invested 0.25% of its portfolio in Pfizer Inc. (NYSE:PFE). Acg Wealth invested in 0.15% or 23,751 shares. Brookfield Asset Mgmt Inc holds 0.03% or 190,125 shares.

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.