Benjamin F Edwards & Company Decreased Paychex (PAYX) Holding as Stock Value Declined; Parker Drilling Co (PKD) Shareholder Brigade Capital Management LP Has Raised Holding

May 19, 2018 - By Darrin Black

Paychex, Inc. (NASDAQ:PAYX) Logo

Benjamin F Edwards & Company Inc decreased its stake in Paychex Inc (PAYX) by 39.08% based on its latest 2017Q4 regulatory filing with the SEC. Benjamin F Edwards & Company Inc sold 8,012 shares as the company’s stock declined 12.35% with the market. The institutional investor held 12,490 shares of the consumer services company at the end of 2017Q4, valued at $850,000, down from 20,502 at the end of the previous reported quarter. Benjamin F Edwards & Company Inc who had been investing in Paychex Inc for a number of months, seems to be less bullish one the $23.29B market cap company. The stock increased 0.62% or $0.4 during the last trading session, reaching $64.82. About 1.32 million shares traded. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since May 19, 2017 and is downtrending. It has underperformed by 13.27% the S&P500.

Don Morgan increased its stake in Parker Drilling Co (PKD) by 14.54% based on its latest 2017Q4 regulatory filing with the SEC. Brigade Capital Management Lp bought 1.46 million shares as the company’s stock declined 30.52% with the market. The hedge fund run by Don Morgan held 11.47 million shares of the oil & gas production company at the end of 2017Q4, valued at $11.47M, up from 10.01M at the end of the previous reported quarter. Brigade Capital Management Lp who had been investing in Parker Drilling Co for a number of months, seems to be bullish on the $80.50 million market cap company. The stock decreased 1.72% or $0.0101 during the last trading session, reaching $0.5775. About 593,851 shares traded. Parker Drilling Company (NYSE:PKD) has declined 56.71% since May 19, 2017 and is downtrending. It has underperformed by 68.26% the S&P500.

Another recent and important Paychex, Inc. (NASDAQ:PAYX) news was published by Investorplace.com which published an article titled: “20 High-Dividend Stocks With Too Much Cash to Count” on May 18, 2018.

Since January 4, 2018, it had 0 insider purchases, and 3 selling transactions for $9.83 million activity. $6.78 million worth of stock was sold by Gioja Michael E on Thursday, March 29.

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 rating was maintained by Citigroup on Thursday, March 31 with “Sell”. The firm has “Hold” rating by Stifel Nicolaus given on Monday, March 26. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, August 17. As per Wednesday, October 4, the company rating was maintained by BMO Capital Markets. The firm earned “Neutral” rating on Wednesday, March 28 by Citigroup. Robert W. Baird maintained it with “Hold” rating and $71.0 target in Thursday, December 21 report. Wedbush initiated the stock with “Neutral” rating in Friday, September 9 report. On Monday, March 26 the stock rating was maintained by BMO Capital Markets with “Hold”. As per Thursday, January 7, the company rating was downgraded by Bank of America. The firm has “Hold” rating by BMO Capital Markets given on Friday, August 18.

Investors sentiment decreased to 0.92 in Q4 2017. 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. Parallax Volatility Advisers Lp holds 0% or 7,480 shares in its portfolio. Great Lakes Advisors Ltd Limited Liability Company has invested 0.05% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Marathon Asset Management Llp, a United Kingdom-based fund reported 588,917 shares. Archford Strategies Ltd Com holds 0.17% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 6,594 shares. Karpus Management holds 0.01% in Paychex, Inc. (NASDAQ:PAYX) or 4,690 shares. Axa owns 259,354 shares. Bryn Mawr Trust Company reported 116,887 shares. 150,081 are held by Guardian Ltd Partnership. Nelson Van Denburg Campbell Wealth Gp Ltd Co stated it has 0.01% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). 542,265 were accumulated by California State Teachers Retirement Sys. Roosevelt Invest Group reported 38,384 shares or 0.24% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0.04% stake. Southeast Asset has invested 0.71% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 15,319 shares. Kistler has 0.01% invested in Paychex, Inc. (NASDAQ:PAYX) for 301 shares.

Benjamin F Edwards & Company Inc, which manages about $3.12 billion and $957.91 million US Long portfolio, upped its stake in Vanguard Scottsdale Fds (VCSH) by 29,602 shares to 38,752 shares, valued at $3.07M in 2017Q4, according to the filing. It also increased its holding in Us Bancorp Del (NYSE:USB) by 30,032 shares in the quarter, for a total of 30,532 shares, and has risen its stake in Amazon Com Inc (NASDAQ:AMZN).

Analysts await Paychex, Inc. (NASDAQ:PAYX) to report earnings on June, 27. They expect $0.61 earnings per share, up 12.96% or $0.07 from last year’s $0.54 per share. PAYX’s profit will be $219.16 million for 26.57 P/E if the $0.61 EPS becomes a reality. After $0.63 actual earnings per share reported by Paychex, Inc. for the previous quarter, Wall Street now forecasts -3.17% negative EPS growth.

More news for Parker Drilling Company (NYSE:PKD) were recently published by: Seekingalpha.com, which released: “Parker Drilling’s (PKD) CEO Gary Rich on Q1 2018 Results – Earnings Call Transcript” on May 02, 2018. Seekingalpha.com‘s article titled: “Parker Drilling Can’t Go Any Lower, So It Seems” and published on May 10, 2018 is yet another important article.

Brigade Capital Management Lp, which manages about $17.09B and $1.83 billion US Long portfolio, decreased its stake in Halcon Res Corp by 525,000 shares to 3.06 million shares, valued at $23.16 million in 2017Q4, according to the filing. It also reduced its holding in Constellium Nv (NYSE:CSTM) by 227,500 shares in the quarter, leaving it with 1.17M shares, and cut its stake in California Res Corp.

Among 6 analysts covering Parker Drilling (NYSE:PKD), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. Parker Drilling had 8 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by DA Davidson on Thursday, October 6. As per Wednesday, August 31, the company rating was upgraded by Edward Jones. The rating was downgraded by Tudor Pickering to “Hold” on Wednesday, September 9. On Friday, March 24 the stock rating was initiated by Tudor Pickering with “Hold”. The stock of Parker Drilling Company (NYSE:PKD) has “Buy” rating given on Wednesday, September 23 by Sidoti. On Friday, August 7 the stock rating was downgraded by TheStreet to “Sell”.

Parker Drilling Company (NYSE:PKD) Institutional Positions Chart

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