As Fiserv Com (FISV) Market Value Declined, Cleararc Capital Has Lifted Position; Paychex (PAYX) Holder Raymond James & Associates Upped Stake

August 12, 2018 - By Kristin Houston

Fiserv, Inc. (NASDAQ:FISV) Logo

Raymond James & Associates increased its stake in Paychex Inc (PAYX) by 7.59% based on its latest 2018Q1 regulatory filing with the SEC. Raymond James & Associates bought 28,787 shares as the company’s stock declined 1.39% with the market. The institutional investor held 408,047 shares of the consumer services company at the end of 2018Q1, valued at $25.13 million, up from 379,260 at the end of the previous reported quarter. Raymond James & Associates who had been investing in Paychex Inc for a number of months, seems to be bullish on the $25.50 billion market cap company. The stock decreased 0.32% or $0.23 during the last trading session, reaching $71.02. About 920,251 shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 11.49% since August 12, 2017 and is uptrending. It has underperformed by 1.08% the S&P500.

Cleararc Capital Inc increased its stake in Fiserv Inc Com (FISV) by 98.59% based on its latest 2018Q1 regulatory filing with the SEC. Cleararc Capital Inc bought 5,226 shares as the company’s stock declined 1.25% with the market. The institutional investor held 10,527 shares of the technology company at the end of 2018Q1, valued at $751,000, up from 5,301 at the end of the previous reported quarter. Cleararc Capital Inc who had been investing in Fiserv Inc Com for a number of months, seems to be bullish on the $32.09B market cap company. The stock increased 0.76% or $0.6 during the last trading session, reaching $79.24. About 2.02 million shares traded or 25.18% up from the average. Fiserv, Inc. (NASDAQ:FISV) has risen 15.27% since August 12, 2017 and is uptrending. It has outperformed by 2.70% the S&P500.

Among 25 analysts covering Fiserv (NASDAQ:FISV), 10 have Buy rating, 1 Sell and 14 Hold. Therefore 40% are positive. Fiserv had 63 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Fiserv, Inc. (NASDAQ:FISV) earned “Neutral” rating by Credit Suisse on Thursday, February 8. Guggenheim maintained the shares of FISV in report on Monday, January 29 with “Buy” rating. JP Morgan maintained the stock with “Neutral” rating in Friday, August 14 report. The firm has “Hold” rating by Stephens given on Monday, February 5. Credit Suisse maintained Fiserv, Inc. (NASDAQ:FISV) on Wednesday, August 2 with “Neutral” rating. The stock has “Hold” rating by SunTrust on Tuesday, October 31. The rating was maintained by Cantor Fitzgerald with “Hold” on Tuesday, June 20. Cowen & Co initiated the shares of FISV in report on Wednesday, September 30 with “Market Perform” rating. Cantor Fitzgerald initiated Fiserv, Inc. (NASDAQ:FISV) on Friday, October 7 with “Hold” rating. The company was maintained on Wednesday, January 17 by Credit Suisse.

More recent Fiserv, Inc. (NASDAQ:FISV) news were published by: Seekingalpha.com which released: “Fiserv: An Undervalued Fintech Investment” on August 09, 2018. Also Seekingalpha.com published the news titled: “Fiserv, Inc. 2018 Q2 – Results – Earnings Call Slides” on July 31, 2018. Seekingalpha.com‘s news article titled: “Fiserv (FISV) Q2 2018 Results – Earnings Call Transcript” with publication date: August 01, 2018 was also an interesting one.

Investors sentiment increased to 10.53 in Q1 2018. Its up 9.72, from 0.81 in 2017Q4. It increased, as 39 investors sold FISV shares while 21 reduced holdings. 70 funds opened positions while 562 raised stakes. 700.79 million shares or 293.94% more from 177.89 million shares in 2017Q4 were reported. Gulf Interest National Bank & Trust (Uk) accumulated 132,600 shares or 0.12% of the stock. Moreover, Envestnet Asset has 0.01% invested in Fiserv, Inc. (NASDAQ:FISV) for 40,589 shares. Finemark Bancorporation And holds 15,226 shares or 0.07% of its portfolio. North Star Inv Mngmt accumulated 16,240 shares. Martin Currie has invested 0.32% in Fiserv, Inc. (NASDAQ:FISV). Carderock Cap Mgmt Incorporated reported 71,356 shares. Seaward Management Ltd Partnership holds 143,486 shares or 0.51% of its portfolio. Green Square Cap Lc has invested 0.11% in Fiserv, Inc. (NASDAQ:FISV). North Point Managers Oh reported 3.16% in Fiserv, Inc. (NASDAQ:FISV). Farmers & Merchants Invests has invested 0.52% in Fiserv, Inc. (NASDAQ:FISV). Nelson Van Denburg & Campbell Wealth Management Group Limited Liability Com owns 26,603 shares or 0.45% of their US portfolio. Copper Rock Cap Ptnrs Limited Liability Co stated it has 104,590 shares. Raymond James Associate holds 0.03% or 207,541 shares. Lpl Limited Liability Company stated it has 0.01% in Fiserv, Inc. (NASDAQ:FISV). Broderick Brian C accumulated 104,009 shares or 2.78% of the stock.

Since February 16, 2018, it had 1 insider purchase, and 7 insider sales for $19.83 million activity. Shares for $3.61 million were sold by YABUKI JEFFERY W on Wednesday, April 18. Another trade for 10,388 shares valued at $757,493 was made by ROBAK KIM M on Wednesday, May 30. $1.73M worth of Fiserv, Inc. (NASDAQ:FISV) was sold by OLEARY DENIS on Friday, February 16.

Cleararc Capital Inc, which manages about $7.05B and $662.69 million US Long portfolio, decreased its stake in Citigroup Inc Com New (NYSE:C) by 83,019 shares to 65,867 shares, valued at $4.45M in 2018Q1, according to the filing. It also reduced its holding in Abbvie Inc Com (NYSE:ABBV) by 30,855 shares in the quarter, leaving it with 49,899 shares, and cut its stake in Home Depot Inc Com (NYSE:HD).

Among 19 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 1 Sell and 17 Hold. Therefore 5% are positive. Paychex had 60 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Sell” on Thursday, December 21. On Thursday, December 21 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Neutral” rating given on Thursday, December 17 by Sterne Agee CRT. Bernstein upgraded the stock to “Mkt Perform” rating in Wednesday, January 11 report. The firm earned “Sell” rating on Sunday, September 10 by RBC Capital Markets. The rating was maintained by Wells Fargo on Wednesday, October 4 with “Market Perform”. Wedbush initiated Paychex, Inc. (NASDAQ:PAYX) rating on Friday, September 9. Wedbush has “Neutral” rating and $65 target. As per Friday, September 4, the company rating was downgraded by Zacks. The firm has “Underperform” rating given on Thursday, December 22 by RBC Capital Markets. On Monday, January 22 the stock rating was maintained by BMO Capital Markets with “Hold”.

Raymond James & Associates, which manages about $75.99 billion and $55.75 billion US Long portfolio, decreased its stake in Dynagas Lng Partners Lp (NYSE:DLNG) by 144,204 shares to 24,789 shares, valued at $248,000 in 2018Q1, according to the filing. It also reduced its holding in Huaneng Pwr Intl Inc (NYSE:HNP) by 76,406 shares in the quarter, leaving it with 107,310 shares, and cut its stake in Federated Invs Inc Pa (NYSE:FII).

Since March 29, 2018, it had 0 insider buys, and 17 sales for $19.87 million activity. Zaucha Laurie L. also sold $2.26 million worth of Paychex, Inc. (NASDAQ:PAYX) shares. On Wednesday, July 11 the insider Gioja Michael E sold $36,241. Another trade for 7,853 shares valued at $563,374 was sold by INMAN GRANT M. MUCCI MARTIN also sold $188,803 worth of Paychex, Inc. (NASDAQ:PAYX) shares. Schaeffer Stephanie L sold $18,155 worth of Paychex, Inc. (NASDAQ:PAYX) on Wednesday, July 11. The insider RIVERA EFRAIN sold $48,344.

Investors sentiment decreased to 0.84 in Q1 2018. Its down 0.08, from 0.92 in 2017Q4. It worsened, as 56 investors sold PAYX shares while 306 reduced holdings. 76 funds opened positions while 228 raised stakes. 238.99 million shares or 0.23% more from 238.43 million shares in 2017Q4 were reported. Parallax Volatility Advisers Lp accumulated 1,516 shares or 0% of the stock. The Virginia-based Thompson Siegel & Walmsley Limited Liability Company has invested 0% in Paychex, Inc. (NASDAQ:PAYX). Delta Asset Management Lc Tn invested in 0% or 94 shares. Tcw Inc holds 0.01% in Paychex, Inc. (NASDAQ:PAYX) or 14,870 shares. Moreover, Burns J W Company Incorporated has 1.11% invested in Paychex, Inc. (NASDAQ:PAYX) for 70,160 shares. Adage Cap Prns Gru Limited Liability Com holds 97,746 shares or 0.01% of its portfolio. Mirae Asset Investments Ltd has 61,493 shares. Central Comml Bank Trust holds 3,409 shares. Pensionfund Dsm Netherlands holds 0.51% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 46,100 shares. State Board Of Administration Of Florida Retirement has 0.07% invested in Paychex, Inc. (NASDAQ:PAYX) for 442,186 shares. First Manhattan accumulated 3,211 shares or 0% of the stock. Fisher Asset Management Limited Liability Corp invested in 0% or 13,393 shares. Oppenheimer Inc accumulated 0.03% or 18,709 shares. Grandfield And Dodd Ltd Liability Company owns 387,582 shares. Aqr Cap Mngmt Limited accumulated 0.03% or 443,127 shares.

Another recent and important Paychex, Inc. (NASDAQ:PAYX) news was published by Nasdaq.com which published an article titled: “Market Trends Toward New Normal in United Technologies, Paychex, Coherus BioSciences, InfraREIT, Cousins …” on July 27, 2018.

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