Gateway Investment Advisers Has Decreased Stake in Paychex (PAYX) by $2.67 Million; As Nike Cl B (NKE) Market Value Rose, Carderock Capital Management Has Lowered Its Holding by $502,448

April 21, 2018 - By Larry Anderson

Paychex, Inc. (NASDAQ:PAYX) Logo

Carderock Capital Management Inc decreased its stake in Nike Cl B (NKE) by 13.72% based on its latest 2017Q4 regulatory filing with the SEC. Carderock Capital Management Inc sold 8,104 shares as the company’s stock rose 4.55% while stock markets declined. The institutional investor held 50,968 shares of the consumer non-durables company at the end of 2017Q4, valued at $3.19M, down from 59,072 at the end of the previous reported quarter. Carderock Capital Management Inc who had been investing in Nike Cl B for a number of months, seems to be less bullish one the $106.52B market cap company. The stock increased 0.55% or $0.36 during the last trading session, reaching $66.09. About 10.40 million shares traded or 28.33% up from the average. NIKE, Inc. (NYSE:NKE) has risen 18.31% since April 21, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

Gateway Investment Advisers Llc decreased its stake in Paychex Inc (PAYX) by 14.49% based on its latest 2017Q4 regulatory filing with the SEC. Gateway Investment Advisers Llc sold 39,325 shares as the company’s stock declined 12.35% with the market. The institutional investor held 232,086 shares of the consumer services company at the end of 2017Q4, valued at $15.80M, down from 271,411 at the end of the previous reported quarter. Gateway Investment Advisers Llc who had been investing in Paychex Inc for a number of months, seems to be less bullish one the $21.68B market cap company. The stock decreased 0.97% or $0.59 during the last trading session, reaching $60.34. About 2.57M shares traded or 7.13% up from the average. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since April 21, 2017 and is downtrending. It has underperformed by 13.27% the S&P500.

Since January 4, 2018, it had 0 insider purchases, and 3 insider sales for $9.83 million activity. Shares for $682,900 were sold by Vossler Jennifer R..

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.10, from 1.02 in 2017Q3. It is negative, 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. 168,496 are owned by Wade G W. Crawford Inv Counsel accumulated 938,816 shares or 1.99% of the stock. Great West Life Assurance Com Can accumulated 389,336 shares. Smith Chas P & Associate Pa Cpas stated it has 0.06% in Paychex, Inc. (NASDAQ:PAYX). Prudential Inc reported 0.04% in Paychex, Inc. (NASDAQ:PAYX). Moreover, Nelson Van Denburg Campbell Wealth Grp Inc Limited Liability Corporation has 0.01% invested in Paychex, Inc. (NASDAQ:PAYX). Nomura Asset Mngmt Commerce has invested 0.15% in Paychex, Inc. (NASDAQ:PAYX). Public Sector Pension Board invested 0.01% in Paychex, Inc. (NASDAQ:PAYX). Ngam Ltd Partnership stated it has 0.01% in Paychex, Inc. (NASDAQ:PAYX). Buckingham Asset Limited Liability Corp reported 0.06% in Paychex, Inc. (NASDAQ:PAYX). Price T Rowe Assocs Inc Md accumulated 728,152 shares. Moors & Cabot Inc invested in 5,925 shares or 0.05% of the stock. Georgia-based Marshwinds Advisory Comm has invested 0.2% in Paychex, Inc. (NASDAQ:PAYX). Fmr Ltd stated it has 8.81M shares. Solaris Asset Limited Liability owns 7,200 shares for 0.28% of their portfolio.

Gateway Investment Advisers Llc, which manages about $12.58 billion and $11.77 billion US Long portfolio, upped its stake in Tesla Inc (NASDAQ:TSLA) by 7,596 shares to 21,385 shares, valued at $6.66 million in 2017Q4, according to the filing. It also increased its holding in Jetblue Airways Corp (NASDAQ:JBLU) by 62,824 shares in the quarter, for a total of 275,447 shares, and has risen its stake in Centurylink Inc (NYSE:CTL).

Analysts await Paychex, Inc. (NASDAQ:PAYX) to report earnings on June, 27. They expect $0.62 EPS, up 14.81% or $0.08 from last year’s $0.54 per share. PAYX’s profit will be $222.75M for 24.33 P/E if the $0.62 EPS becomes a reality. After $0.63 actual EPS reported by Paychex, Inc. for the previous quarter, Wall Street now forecasts -1.59% negative EPS growth.

Among 18 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 1 Sell and 16 Hold. Therefore 6% are positive. Paychex had 54 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, March 26 by BMO Capital Markets. Robert W. Baird maintained Paychex, Inc. (NASDAQ:PAYX) rating on Monday, March 26. Robert W. Baird has “Hold” rating and $6700 target. The firm has “Underperform” rating given on Thursday, October 1 by RBC Capital Markets. Robert W. Baird maintained the shares of PAYX in report on Thursday, December 21 with “Hold” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, December 21. The stock has “Sell” rating by RBC Capital Markets on Monday, November 13. RBC Capital Markets maintained the shares of PAYX in report on Sunday, September 10 with “Sell” rating. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Sell” rating by Citigroup on Thursday, September 29. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Hold” rating given on Tuesday, January 9 by Bank of America. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Underperform” rating by Bank of America on Thursday, January 7.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on July, 5. They expect $0.64 earnings per share, up 6.67% or $0.04 from last year’s $0.6 per share. NKE’s profit will be $1.03B for 25.82 P/E if the $0.64 EPS becomes a reality. After $0.68 actual earnings per share reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

Investors sentiment decreased to 0.74 in Q4 2017. Its down 0.06, from 0.8 in 2017Q3. It fall, as 70 investors sold NKE shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported. Omers Administration has invested 1.89% of its portfolio in NIKE, Inc. (NYSE:NKE). Proshare Advisors Limited has 421,055 shares for 0.18% of their portfolio. 657,538 were accumulated by Atlantic Gru Limited Co. Raub Brock Capital Mngmt LP invested 4.28% of its portfolio in NIKE, Inc. (NYSE:NKE). Sustainable Growth Advisers LP has 3.82% invested in NIKE, Inc. (NYSE:NKE). Amarillo Natl Bank owns 0.18% invested in NIKE, Inc. (NYSE:NKE) for 8,812 shares. Federated Invsts Pa has 0% invested in NIKE, Inc. (NYSE:NKE) for 20,330 shares. Addenda stated it has 0.73% of its portfolio in NIKE, Inc. (NYSE:NKE). Security National Trust owns 4,038 shares. D E Shaw And reported 174,560 shares stake. Citadel Advsr Ltd Liability Company owns 93,396 shares or 0% of their US portfolio. Mercer Capital Advisers holds 3,414 shares or 0.15% of its portfolio. Pinnacle Financial Prns has invested 0.46% in NIKE, Inc. (NYSE:NKE). Exane Derivatives invested 0.31% of its portfolio in NIKE, Inc. (NYSE:NKE). Mastrapasqua Asset Inc has 156,832 shares for 1.98% of their portfolio.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 233 analyst reports since July 29, 2015 according to SRatingsIntel. On Monday, December 18 the stock rating was maintained by Telsey Advisory Group with “Outperform”. On Monday, July 17 the stock rating was maintained by Nomura with “Buy”. Morgan Stanley downgraded NIKE, Inc. (NYSE:NKE) rating on Wednesday, June 1. Morgan Stanley has “Equal-Weight” rating and $60 target. The stock has “Hold” rating by Cowen & Co on Friday, August 4. The stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given on Thursday, February 15 by Stifel Nicolaus. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, April 19. The stock of NIKE, Inc. (NYSE:NKE) earned “Outperform” rating by Robert W. Baird on Wednesday, June 29. The stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given on Monday, December 12 by UBS. Piper Jaffray maintained NIKE, Inc. (NYSE:NKE) on Friday, July 21 with “Hold” rating. The firm earned “Sell” rating on Friday, December 22 by Bank of America.

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

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