1832 Asset Management LP Lowered Its Paychex (PAYX) Position, Premier (PINC) Has 1.58 Sentiment

June 19, 2017 - By Nellie Frank

1832 Asset Management Lp decreased Paychex Inc (PAYX) stake by 22.66% reported in 2016Q4 SEC filing. 1832 Asset Management Lp sold 5,001 shares as Paychex Inc (PAYX)’s stock declined 2.74%. The 1832 Asset Management Lp holds 17,069 shares with $1.04 million value, down from 22,070 last quarter. Paychex Inc now has $22.04B valuation. The stock declined 0.21% or $0.13 reaching $60.97 per share. About 1.11M shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since June 19, 2016 and is uptrending. It has underperformed by 5.48% the S&P500.

Premier, Inc. is a healthcare improvement company. The company has market cap of $4.96 billion. The Firm is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other well-known provider organizations to transform healthcare. It has a 17.93 P/E ratio. The Firm operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.

Among 12 analysts covering Paychex (NASDAQ:PAYX), 2 have Buy rating, 4 Sell and 6 Hold. Therefore 17% are positive. Paychex had 16 analyst reports since August 14, 2015 according to SRatingsIntel. Sterne Agee CRT initiated the shares of PAYX in report on Thursday, December 17 with “Neutral” rating. The stock has “Neutral” rating by Wedbush on Friday, September 9. The firm has “Underperform” rating by RBC Capital Markets given on Thursday, October 1. The stock has “Buy” rating by Goldman Sachs on Friday, December 16. On Friday, September 4 the stock rating was downgraded by Zacks to “Hold”. As per Thursday, March 31, the company rating was maintained by Citigroup. The stock has “Underperform” rating by RBC Capital Markets on Thursday, December 22. The stock has “Buy” rating by Argus Research on Thursday, December 24. As per Friday, August 14, the company rating was maintained by JP Morgan. The firm has “Mkt Perform” rating given on Wednesday, January 11 by Bernstein.

Investors sentiment decreased to 0.98 in 2016 Q4. Its down 0.08, from 1.06 in 2016Q3. It dropped, as 48 investors sold PAYX shares while 288 reduced holdings. 71 funds opened positions while 258 raised stakes. 237.57 million shares or 1.21% less from 240.49 million shares in 2016Q3 were reported. Burney invested 0.13% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Blackrock Japan Ltd owns 454,284 shares for 0.09% of their portfolio. Opus Capital Grp Inc Limited Liability Corporation accumulated 0.14% or 15,190 shares. Northwestern Mutual Wealth Management Com holds 27,045 shares or 0.02% of its portfolio. Rench Wealth Mgmt holds 1.95% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 40,408 shares. Old Republic Corporation holds 274,800 shares or 0.6% of its portfolio. Athena Capital Ltd Limited Liability Company has invested 0.07% in Paychex, Inc. (NASDAQ:PAYX). Vantage Limited Co reported 580 shares. Moreover, Hl Service Ltd Llc has 0.15% invested in Paychex, Inc. (NASDAQ:PAYX) for 111,720 shares. 15,075 were accumulated by Keybank National Association Oh. Oak Assoc Ltd Oh accumulated 0.65% or 108,385 shares. Tcw Group Inc accumulated 48,562 shares. Monetary Group invested in 200 shares. Eastern Bankshares has 0.21% invested in Paychex, Inc. (NASDAQ:PAYX) for 44,488 shares. Cobblestone Capital Limited Liability Company Ny owns 0.37% invested in Paychex, Inc. (NASDAQ:PAYX) for 44,296 shares.

Since January 10, 2017, it had 0 buys, and 7 insider sales for $5.49 million activity. FLASCHEN DAVID J S sold $625,763 worth of Paychex, Inc. (NASDAQ:PAYX) on Tuesday, January 17. 24,726 shares were sold by Gioja Michael E, worth $1.50M on Tuesday, January 17. JOSEPH PAMELA A sold $1.13M worth of Paychex, Inc. (NASDAQ:PAYX) on Tuesday, January 10. DOODY JOSEPH had sold 10,850 shares worth $667,058 on Wednesday, January 25. The insider Vossler Jennifer R. sold $587,600. Another trade for 10,654 shares valued at $615,269 was sold by INMAN GRANT M.

1832 Asset Management Lp increased International Business Machs (NYSE:IBM) stake by 26,055 shares to 52,800 valued at $8.41 million in 2016Q4. It also upped Rogers Communications Inc (NYSE:RCI) stake by 9,075 shares and now owns 10.58 million shares. Wabtec Corp (NYSE:WAB) was raised too.

Analysts await Paychex, Inc. (NASDAQ:PAYX) to report earnings on June, 29. They expect $0.53 EPS, up 8.16% or $0.04 from last year’s $0.49 per share. PAYX’s profit will be $191.59 million for 28.76 P/E if the $0.53 EPS becomes a reality. After $0.55 actual EPS reported by Paychex, Inc. for the previous quarter, Wall Street now forecasts -3.64% negative EPS growth.

Welch Capital Partners Llc Ny holds 3.52% of its portfolio in Premier Inc for 343,455 shares. Echo Street Capital Management Llc owns 1.19 million shares or 1.45% of their US portfolio. Moreover, Alkeon Capital Management Llc has 1.18% invested in the company for 1.97 million shares. The California-based Rice Hall James & Associates Llc has invested 0.92% in the stock. Trellus Management Company Llc, a New York-based fund reported 16,500 shares.

About 259,183 shares traded. Premier Inc (PINC) has risen 13.15% since June 19, 2016 and is uptrending. It has underperformed by 3.55% the S&P500.

Since January 1, 0001, it had 0 insider buys, and 6 insider sales for $7.09 million activity.

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