Azimuth Capital Management Has Trimmed Taiwan Semiconductor (TSM) Stake; Paychex (PAYX) Has 1.14 Sentiment

Paychex, Inc. (NASDAQ:PAYX) Logo

Paychex Inc (PAYX) investors sentiment increased to 1.14 in 2019 Q1. It’s up 0.20, from 0.94 in 2018Q4. The ratio is positive, as 361 active investment managers started new or increased positions, while 318 reduced and sold holdings in Paychex Inc. The active investment managers in our database reported: 246.81 million shares, up from 239.62 million shares in 2018Q4. Also, the number of active investment managers holding Paychex Inc in top ten positions increased from 16 to 26 for an increase of 10. Sold All: 41 Reduced: 277 Increased: 268 New Position: 93.

Azimuth Capital Management Llc decreased Taiwan Semiconductor (TSM) stake by 50.32% reported in 2019Q1 SEC filing. Azimuth Capital Management Llc sold 66,407 shares as Taiwan Semiconductor (TSM)’s stock rose 10.07%. The Azimuth Capital Management Llc holds 65,563 shares with $2.69M value, down from 131,970 last quarter. Taiwan Semiconductor now has $201.86 billion valuation. The stock increased 1.56% or $0.62 during the last trading session, reaching $40.24. About 1.75 million shares traded. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 5.06% since June 11, 2018 and is uptrending. It has outperformed by 0.63% the S&P500. Some Historical TSM News: 01/05/2018 – Mentor enhances tool portfolio for TSMC 5nm FinFET and 7nm FinFET Plus processes and Wafer-on-Wafer stacking technology; 10/04/2018 – TSMC 2330.TW SAYS MARCH SALES T$103.70 BLN (FEB T$64.64 BLN, MAR 2017 T$85.88 BLN); 02/04/2018 – Taiwan Semi: Intel’s Apple Pain Could Be Its Gain — Barron’s Blog; 09/03/2018 – Taiwan Semiconductor Manufacturing Feb Rev NT$64.64B; 19/04/2018 – TSMC 2330.TW TSM.N SAYS IT SEES FOUNDRY MARKET GROWTH AT 8 PCT; 17/04/2018 – DoJ TN Eastern: Occupational Therapist Owner of TSM Sentenced for Making False and Fraudulent Statements Related to Health Care; 06/04/2018 – Chinese bitcoin miner eyes IPO, prefers to list outside mainland; 22/05/2018 – Apple Partner TSMC Is Said to Start Making Chips for New IPhones; 26/03/2018 – TSMC to make automotive chips for Renesas; 01/05/2018 – Credo Demonstrates 112G PAM4 and 56G PAM4 SerDes IP Solutions at TSMC 2018 Technology Symposium

Since January 1, 0001, it had 0 insider purchases, and 5 selling transactions for $6.43 million activity.

More notable recent Paychex, Inc. (NASDAQ:PAYX) news were published by: Finance.Yahoo.com which released: “Should You Worry About Paychex, Inc.’s (NASDAQ:PAYX) CEO Pay? – Yahoo Finance” on May 29, 2019, also Nasdaq.com with their article: “Paychex, Inc. (PAYX) Ex-Dividend Date Scheduled for May 14, 2019 – Nasdaq” published on May 13, 2019, Nasdaq.com published: “ADP or PAYX: Which Outsourcing Services Firm is Better Placed? – Nasdaq” on May 31, 2019. More interesting news about Paychex, Inc. (NASDAQ:PAYX) were released by: Prnewswire.com and their article: “Small Business Hiring and Wage Growth Hold Steady in May – PRNewswire” published on June 04, 2019 as well as Prnewswire.com‘s news article titled: “Research from Paychex on the Future of Work Shows Employees Want Greater Flexibility – PRNewswire” with publication date: May 16, 2019.

Paychex, Inc. provides payroll, human resource , retirement, and insurance services for small to medium-sized businesses in the United States and Germany. The company has market cap of $31.44 billion. The firm offers payroll processing services that include payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It has a 33.01 P/E ratio. It also provides HR outsourcing services, such as Paychex HR solutions comprising payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services.

The stock decreased 0.36% or $0.32 during the last trading session, reaching $87.48. About 209,258 shares traded. Paychex, Inc. (PAYX) has risen 33.87% since June 11, 2018 and is uptrending. It has outperformed by 29.44% the S&P500. Some Historical PAYX News: 27/04/2018 – MOODY’S AFFIRMS TRINET’S BA3 CFR, REVISES OUTLOOK TO POSITIVE; 05/04/2018 – Paychex Access Event Set By Northcoast Research for Apr. 12; 26/03/2018 – Paychex 3Q Net $260.4M; 09/05/2018 – Amid Solid Business Optimism, Rates of Entrepreneurship Are on the Rise; 26/03/2018 – Paychex 3Q Adj EPS 63c; 26/03/2018 – Paychex 3Q Payroll Service Revenue $455M, Up 2%; 12/04/2018 – Paychex at Non-Deal Roadshow Hosted By Northcoast Research; 03/04/2018 – Paychex l IHS Markit Small Business Employment Watch: Job Growth Tightens Among Small Businesses in March; Wage Growth Holds Steady; 26/03/2018 – PAYCHEX INC SEES 2018 TOTAL REVENUE IS EXPECTED TO GROW APPROXIMATELY 7%; 29/05/2018 – The Paychex-IHS Markit small business jobs survey shows a slight increase in the rate of hiring for May

Analysts await Paychex, Inc. (NASDAQ:PAYX) to report earnings on June, 26 before the open. They expect $0.65 EPS, up 6.56% or $0.04 from last year’s $0.61 per share. PAYX’s profit will be $233.61 million for 33.65 P/E if the $0.65 EPS becomes a reality. After $0.89 actual EPS reported by Paychex, Inc. for the previous quarter, Wall Street now forecasts -26.97% negative EPS growth.

Mcdonald Capital Investors Inc Ca holds 11.89% of its portfolio in Paychex, Inc. for 1.79 million shares. Ensemble Capital Management Llc owns 586,463 shares or 6.93% of their US portfolio. Moreover, Parthenon Llc has 5.08% invested in the company for 283,123 shares. The Kansas-based Paragon Capital Management Llc has invested 4.69% in the stock. Guinness Asset Management Ltd, a United Kingdom-based fund reported 290,102 shares.

Analysts await Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to report earnings on July, 18. They expect $0.41 earnings per share, down 12.77% or $0.06 from last year’s $0.47 per share. TSM’s profit will be $2.06 billion for 24.54 P/E if the $0.41 EPS becomes a reality. After $0.38 actual earnings per share reported by Taiwan Semiconductor Manufacturing Company Limited for the previous quarter, Wall Street now forecasts 7.89% EPS growth.

Azimuth Capital Management Llc increased Omnicell Inc (NASDAQ:OMCL) stake by 4,975 shares to 123,050 valued at $9.95M in 2019Q1. It also upped Starbucks Corp (NASDAQ:SBUX) stake by 129,290 shares and now owns 154,461 shares. Wabtec Corp (NYSE:WAB) was raised too.

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

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