Aviva Plc Stake in Fifth Third Bancorp (FITB) Has Decreased by $2.39 Million as Shares Rose; Fuller & Thaler Asset Management Holding in Paychex (PAYX) Raised as Stock Value Declined

April 25, 2018 - By Clifton Ray

Paychex, Inc. (NASDAQ:PAYX) Logo

Aviva Plc decreased its stake in Fifth Third Bancorp (FITB) by 16.67% based on its latest 2017Q4 regulatory filing with the SEC. Aviva Plc sold 79,614 shares as the company’s stock rose 1.62% while stock markets declined. The institutional investor held 397,960 shares of the major banks company at the end of 2017Q4, valued at $12.07M, down from 477,574 at the end of the previous reported quarter. Aviva Plc who had been investing in Fifth Third Bancorp for a number of months, seems to be less bullish one the $22.52 billion market cap company. The stock increased 4.13% or $1.32 during the last trading session, reaching $33.25. About 11.23 million shares traded or 117.78% up from the average. Fifth Third Bancorp (NASDAQ:FITB) has risen 26.73% since April 25, 2017 and is uptrending. It has outperformed by 15.18% the S&P500.

Fuller & Thaler Asset Management Inc increased its stake in Paychex Inc (PAYX) by 1888.03% based on its latest 2017Q4 regulatory filing with the SEC. Fuller & Thaler Asset Management Inc bought 71,745 shares as the company’s stock declined 12.35% with the market. The institutional investor held 75,545 shares of the consumer services company at the end of 2017Q4, valued at $5.14 million, up from 3,800 at the end of the previous reported quarter. Fuller & Thaler Asset Management Inc who had been investing in Paychex Inc for a number of months, seems to be bullish on the $21.54 billion market cap company. The stock increased 0.17% or $0.1 during the last trading session, reaching $59.95. About 3.14 million shares traded or 33.25% up from the average. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since April 25, 2017 and is downtrending. It has underperformed by 13.27% the S&P500.

Since January 4, 2018, it had 0 insider buys, and 3 insider sales for $9.83 million activity. $682,900 worth of Paychex, Inc. (NASDAQ:PAYX) was sold by Vossler Jennifer R. on Tuesday, January 16.

Fuller & Thaler Asset Management Inc, which manages about $2.14 billion and $8.31 billion US Long portfolio, decreased its stake in Fluidigm Corp (NASDAQ:FLDM) by 71,400 shares to 233,761 shares, valued at $1.38 million in 2017Q4, according to the filing. It also reduced its holding in Nvidia Corp (NASDAQ:NVDA) by 10,970 shares in the quarter, leaving it with 15,280 shares, and cut its stake in Drive Shack Inc.

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.10, from 1.02 in 2017Q3. It dropped, 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. Ohio-based Gateway Inv Advisers Limited Co has invested 0.13% in Paychex, Inc. (NASDAQ:PAYX). Spectrum Mngmt Grp holds 29,237 shares. Moreover, Brown Brothers Harriman has 0% invested in Paychex, Inc. (NASDAQ:PAYX). The Illinois-based Balyasny Asset Ltd Company has invested 0.01% in Paychex, Inc. (NASDAQ:PAYX). Franklin Street Advsr Nc has 110,189 shares for 1.12% of their portfolio. Smith Chas P & Associates Pa Cpas holds 0.06% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 6,954 shares. Twin Cap Mngmt has invested 0.42% in Paychex, Inc. (NASDAQ:PAYX). Fiduciary Tru invested in 0.01% or 7,054 shares. Morgan Dempsey Management holds 1.97% or 89,982 shares in its portfolio. Ellington Grp Incorporated Llc owns 27,400 shares. Oppenheimer Asset Mngmt invested 0.04% in Paychex, Inc. (NASDAQ:PAYX). Rafferty Asset Management Ltd Limited Liability Company owns 0.02% invested in Paychex, Inc. (NASDAQ:PAYX) for 21,108 shares. 3,841 are owned by Acg Wealth. Ledyard Bancorporation holds 0.02% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 2,771 shares. Dillon & Associates reported 148,727 shares.

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 “Sell” rating by Compass Point given on Thursday, December 22. The firm has “Hold” rating by Zacks given on Friday, September 4. JP Morgan maintained the stock with “Neutral” rating in Friday, August 14 report. The rating was maintained by JP Morgan on Tuesday, March 27 with “Neutral”. As per Monday, November 13, the company rating was maintained by RBC Capital Markets. The firm has “Sell” rating given on Sunday, September 10 by RBC Capital Markets. The rating was downgraded by Goldman Sachs to “Neutral” on Tuesday, June 20. The rating was maintained by Citigroup on Thursday, March 31 with “Sell”. The firm earned “Hold” rating on Friday, August 18 by BMO Capital Markets. Citigroup maintained it with “Neutral” rating and $64 target in Wednesday, March 28 report.

Since October 26, 2017, it had 0 insider buys, and 11 selling transactions for $6.84 million activity. Shares for $246,098 were sold by Hazel Mark D on Monday, February 5. $960,780 worth of stock was sold by Forrest Frank R. on Wednesday, February 14. Spence Timothy sold 15,000 shares worth $432,900. 35,000 Fifth Third Bancorp (NASDAQ:FITB) shares with value of $1.18M were sold by Leonard James C.. 3,000 shares were sold by BRUMBACK EMERSON L, worth $100,316. On Tuesday, February 13 the insider ANDERSON LARS C sold $530,570.

Aviva Plc, which manages about $17.66 billion US Long portfolio, upped its stake in Baidu Inc (NASDAQ:BIDU) by 4,878 shares to 66,417 shares, valued at $15.56M in 2017Q4, according to the filing. It also increased its holding in Digital Rlty Tr Inc (NYSE:DLR) by 106,182 shares in the quarter, for a total of 417,154 shares, and has risen its stake in Eqt Corp (NYSE:EQT).

Among 33 analysts covering Fifth Third (NASDAQ:FITB), 6 have Buy rating, 3 Sell and 24 Hold. Therefore 18% are positive. Fifth Third had 105 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Neutral” rating given on Wednesday, January 25 by Macquarie Research. The firm has “Underperform” rating given on Wednesday, November 16 by Robert W. Baird. On Friday, September 15 the stock rating was maintained by Jefferies with “Hold”. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Hold” rating by Piper Jaffray on Tuesday, January 23. On Friday, November 17 the stock rating was downgraded by Macquarie Research to “Underperform”. The rating was maintained by Keefe Bruyette & Woods on Sunday, July 23 with “Hold”. The company was maintained on Tuesday, December 12 by Keefe Bruyette & Woods. The firm has “Hold” rating by BMO Capital Markets given on Friday, July 21. Keefe Bruyette & Woods maintained the shares of FITB in report on Thursday, December 21 with “Hold” rating. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Market Perform” rating given on Tuesday, April 5 by BMO Capital Markets.

Investors sentiment increased to 0.98 in Q4 2017. Its up 0.33, from 0.65 in 2017Q3. It increased, as 29 investors sold FITB shares while 210 reduced holdings. 74 funds opened positions while 161 raised stakes. 562.64 million shares or 2.26% less from 575.67 million shares in 2017Q3 were reported. Federated Investors Pa reported 921,722 shares. Asset One stated it has 1.18 million shares or 0.08% of all its holdings. Webster Bancorp N A accumulated 0% or 508 shares. 65,997 are owned by Advisors Asset Mgmt. Tocqueville Asset Management Ltd Partnership has 20,267 shares. Dnb Asset Mgmt As reported 79,333 shares. First Finance In owns 3,019 shares or 0.06% of their US portfolio. City owns 3,166 shares. Ent Fin reported 215 shares stake. The Utah-based Utah Retirement System has invested 0.08% in Fifth Third Bancorp (NASDAQ:FITB). British Columbia Inv Management Corp reported 732,251 shares or 0.16% of all its holdings. Moreover, Salzhauer Michael has 1.2% invested in Fifth Third Bancorp (NASDAQ:FITB) for 100,609 shares. Highvista Strategies Ltd Liability Corp invested in 9,200 shares. Hrt Fin Llc holds 0.26% or 8,339 shares. Lord Abbett Ltd reported 0.11% stake.

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

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