Paychex (PAYX) Holder Welch & Forbes Trimmed Stake; Shareholder Culbertson A N & Co Boosted Texas Instrs (TXN) Position

February 18, 2018 - By Kurt Siggers

Welch & Forbes Llc decreased its stake in Paychex Inc (PAYX) by 2.76% based on its latest 2017Q3 regulatory filing with the SEC. Welch & Forbes Llc sold 19,220 shares as the company’s stock declined 2.74% while stock markets rallied. The institutional investor held 678,363 shares of the consumer services company at the end of 2017Q3, valued at $40.68 million, down from 697,583 at the end of the previous reported quarter. Welch & Forbes Llc who had been investing in Paychex Inc for a number of months, seems to be less bullish one the $24.00B market cap company. The stock increased 0.51% or $0.34 during the last trading session, reaching $66.81. About 3.20 million shares traded or 42.11% up from the average. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since February 18, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.

Culbertson A N & Co Inc increased its stake in Texas Instrs Inc (TXN) by 361.12% based on its latest 2017Q3 regulatory filing with the SEC. Culbertson A N & Co Inc bought 12,975 shares as the company’s stock rose 5.05% with the market. The institutional investor held 16,568 shares of the semiconductors company at the end of 2017Q3, valued at $1.49 million, up from 3,593 at the end of the previous reported quarter. Culbertson A N & Co Inc who had been investing in Texas Instrs Inc for a number of months, seems to be bullish on the $102.71B market cap company. The stock decreased 0.10% or $0.1 during the last trading session, reaching $104.47. About 4.91 million shares traded. Texas Instruments Incorporated (NASDAQ:TXN) has risen 40.31% since February 18, 2017 and is uptrending. It has outperformed by 23.61% the S&P500.

Among 40 analysts covering Texas Instruments (NASDAQ:TXN), 19 have Buy rating, 2 Sell and 19 Hold. Therefore 48% are positive. Texas Instruments had 111 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Texas Instruments Incorporated (NASDAQ:TXN) has “Hold” rating given on Wednesday, July 26 by B. Riley & Co. The rating was maintained by Morgan Stanley on Wednesday, January 24 with “Equal-Weight”. The rating was maintained by Mizuho on Wednesday, January 25 with “Neutral”. The firm has “Buy” rating by Susquehanna given on Wednesday, July 26. Cowen & Co maintained it with “Market Perform” rating and $56 target in Thursday, January 28 report. The company was maintained on Wednesday, January 24 by Raymond James. The firm has “Buy” rating by RBC Capital Markets given on Monday, January 22. RBC Capital Markets maintained Texas Instruments Incorporated (NASDAQ:TXN) rating on Friday, September 29. RBC Capital Markets has “Buy” rating and $96.0 target. Macquarie Research upgraded it to “Neutral” rating and $60 target in Monday, August 10 report. Bernstein downgraded the shares of TXN in report on Friday, December 18 to “Mkt Perform” rating.

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.02, from 1.1 in 2017Q2. It is positive, as 55 investors sold TXN shares while 333 reduced holdings. 104 funds opened positions while 332 raised stakes. 802.74 million shares or 3.16% more from 778.17 million shares in 2017Q2 were reported. Pineno Levin And Ford Asset Management holds 3,500 shares. Moreover, Laurion Cap Mngmt LP has 0.02% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 61,265 shares. Moreover, Johnson Investment Counsel Incorporated has 0.05% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 22,012 shares. Robeco Institutional Asset Management Bv has invested 1.01% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). Everence Management invested in 0.48% or 23,361 shares. Portland Global Advisors Ltd invested 1.13% in Texas Instruments Incorporated (NASDAQ:TXN). Kcm Invest Ltd stated it has 0.03% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). Lansdowne (Uk) Llp stated it has 22,635 shares. Oppenheimer Asset Mngmt accumulated 55,967 shares. Modera Wealth Mgmt Ltd Liability Com holds 3,527 shares or 0.07% of its portfolio. First Manhattan holds 0.01% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN) for 26,997 shares. Apg Asset Mngmt Nv owns 0.45% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 3.08 million shares. Pensionfund Dsm Netherlands owns 59,500 shares. Appleton Inc Ma holds 0.2% in Texas Instruments Incorporated (NASDAQ:TXN) or 13,234 shares. Moreover, State Treasurer State Of Michigan has 0.34% invested in Texas Instruments Incorporated (NASDAQ:TXN).

Since August 14, 2017, it had 0 insider purchases, and 29 sales for $203.04 million activity. Another trade for 124,536 shares valued at $11.97 million was made by ANDERSON STEPHEN A. on Friday, October 27. The insider PATSLEY PAMELA H sold 7,000 shares worth $776,720. $4.95 million worth of Texas Instruments Incorporated (NASDAQ:TXN) shares were sold by RITCHIE KEVIN J. Whitaker Darla H also sold $11.43 million worth of Texas Instruments Incorporated (NASDAQ:TXN) shares. TEMPLETON RICHARD K had sold 450,000 shares worth $43.43 million. 22,158 shares valued at $2.13M were sold by CARP DANIEL A on Friday, October 27.

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. Robert W. Baird maintained the stock with “Hold” rating in Thursday, December 21 report. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Hold” rating given on Friday, September 4 by Zacks. BMO Capital Markets maintained it with “Hold” rating and $68.0 target in Thursday, December 21 report. The stock has “Underperform” rating by RBC Capital Markets on Thursday, October 1. RBC Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) on Monday, November 20 with “Sell” rating. The firm has “Hold” rating given on Wednesday, June 28 by Stifel Nicolaus. The rating was maintained by RBC Capital Markets on Thursday, December 21 with “Sell”. The company was maintained on Thursday, August 17 by Stifel Nicolaus. The stock has “Neutral” rating by JP Morgan on Friday, August 14. The company was downgraded on Tuesday, June 20 by Goldman Sachs.

Welch & Forbes Llc, which manages about $3.95B and $3.80B US Long portfolio, upped its stake in United Technologies Corp (NYSE:UTX) by 4,190 shares to 768,465 shares, valued at $89.20M in 2017Q3, according to the filing. It also increased its holding in Alphabet Inc by 1,858 shares in the quarter, for a total of 59,259 shares, and has risen its stake in Danaher Corp Del (NYSE:DHR).

Since September 25, 2017, it had 0 insider buys, and 7 sales for $8.57 million activity. $2.36 million worth of Paychex, Inc. (NASDAQ:PAYX) was sold by Gioja Michael E on Thursday, January 4. $703,546 worth of stock was sold by Vossler Jennifer R. on Friday, October 6. 29,786 shares valued at $1.88 million were sold by MUCCI MARTIN on Thursday, October 5.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.01, from 1.03 in 2017Q2. It turned negative, 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. Argyle Capital Management Incorporated holds 1.86% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 78,875 shares. Horizon Kinetics Ltd reported 8,940 shares stake. Geode Ltd has invested 0.09% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Davenport And Co Limited Co has 0.01% invested in Paychex, Inc. (NASDAQ:PAYX) for 6,816 shares. New York-based Jefferies Gru Ltd Llc has invested 0.01% in Paychex, Inc. (NASDAQ:PAYX). Lombard Odier Asset Mgmt (Europe) Ltd accumulated 4,585 shares or 0.02% of the stock. Hollencrest Secs Ltd Liability Co holds 0.03% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 3,525 shares. Janney Capital Mgmt Limited Co has invested 0.97% in Paychex, Inc. (NASDAQ:PAYX). Dimensional Fund Lp accumulated 988,623 shares. Chevy Chase Tru Hldg has invested 0.08% in Paychex, Inc. (NASDAQ:PAYX). Johnson Invest Counsel has invested 0.01% in Paychex, Inc. (NASDAQ:PAYX). Holderness Invs has 0.12% invested in Paychex, Inc. (NASDAQ:PAYX) for 3,772 shares. State Bank Of Hawaii, a Hawaii-based fund reported 8,466 shares. Roosevelt Investment Group owns 0.21% invested in Paychex, Inc. (NASDAQ:PAYX) for 38,384 shares. Brown Advisory holds 39,302 shares.

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