Maple Capital Management Has Raised Paychex (PAYX) Position by $464,625; Share Price Declined; Activision Blizzard (ATVI) Shareholder Boston Advisors Increased Position

January 14, 2018 - By Kurt Siggers

Maple Capital Management Inc increased its stake in Paychex Inc. (PAYX) by 9.63% based on its latest 2017Q3 regulatory filing with the SEC. Maple Capital Management Inc bought 7,875 shares as the company’s stock declined 2.74% while stock markets rallied. The institutional investor held 89,640 shares of the consumer services company at the end of 2017Q3, valued at $5.38 million, up from 81,765 at the end of the previous reported quarter. Maple Capital Management Inc who had been investing in Paychex Inc. for a number of months, seems to be bullish on the $24.30 billion market cap company. The stock increased 1.20% or $0.8 during the last trading session, reaching $67.66. About 2.02M shares traded or 7.51% up from the average. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since January 14, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.

Boston Advisors Llc increased its stake in Activision Blizzard Inc (ATVI) by 418.76% based on its latest 2017Q3 regulatory filing with the SEC. Boston Advisors Llc bought 32,475 shares as the company’s stock rose 23.27% with the market. The institutional investor held 40,230 shares of the technology company at the end of 2017Q3, valued at $2.60M, up from 7,755 at the end of the previous reported quarter. Boston Advisors Llc who had been investing in Activision Blizzard Inc for a number of months, seems to be bullish on the $53.20 billion market cap company. The stock increased 1.62% or $1.12 during the last trading session, reaching $70.36. About 8.02M shares traded or 37.39% up from the average. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 47.83% since January 14, 2017 and is uptrending. It has outperformed by 31.13% the S&P500.

Among 18 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 2 Sell and 15 Hold. Therefore 6% are positive. Paychex had 43 analyst reports since August 14, 2015 according to SRatingsIntel. JP Morgan maintained it with “Neutral” rating and $52 target in Friday, August 14 report. The stock has “Sell” rating by Citigroup on Wednesday, October 4. As per Thursday, December 17, the company rating was initiated by Sterne Agee CRT. On Friday, July 21 the stock rating was downgraded by William Blair to “Hold”. Stifel Nicolaus maintained the shares of PAYX in report on Tuesday, October 3 with “Hold” rating. Robert W. Baird maintained the shares of PAYX in report on Thursday, December 21 with “Hold” rating. The rating was initiated by Wedbush on Friday, September 9 with “Neutral”. The rating was maintained by Citigroup on Thursday, September 29 with “Sell”. BMO Capital Markets maintained it with “Hold” rating and $6000 target in Wednesday, June 28 report. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Hold” rating given on Tuesday, October 3 by Robert W. Baird.

Maple Capital Management Inc, which manages about $544.25M and $372.01 million US Long portfolio, decreased its stake in Nestle Sa Spon Adr (NSRGY) by 4,153 shares to 70,649 shares, valued at $5.94M in 2017Q3, according to the filing.

Investors sentiment decreased to 1.02 in 2017 Q3. 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. Bessemer Gru Inc Inc holds 0.01% or 28,658 shares in its portfolio. Oppenheimer And reported 7,190 shares stake. Bontempo Ohly Management Ltd Liability Company accumulated 32,551 shares. Hsbc Public Ltd Liability has 406,551 shares for 0.04% of their portfolio. Ellington Mgmt Limited Liability Corporation has invested 0.09% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Counselors has 0.27% invested in Paychex, Inc. (NASDAQ:PAYX) for 93,855 shares. Bb&T Secs Limited Liability Corporation stated it has 0.25% in Paychex, Inc. (NASDAQ:PAYX). Vanguard Grp reported 0.07% in Paychex, Inc. (NASDAQ:PAYX). 48,722 are owned by Stephens Ar. Jane Street Group Incorporated Limited Liability holds 0.03% or 130,085 shares in its portfolio. Riverfront Inv Grp Inc Ltd owns 312,298 shares. Commerce Comml Bank has invested 0.13% in Paychex, Inc. (NASDAQ:PAYX). Ubs Asset Mgmt Americas holds 2.13M shares. Moreover, Mitsubishi Ufj Trust Corp has 0.09% invested in Paychex, Inc. (NASDAQ:PAYX) for 835,679 shares. Amalgamated Retail Bank holds 0.07% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 38,734 shares.

Since September 25, 2017, it had 0 insider buys, and 6 insider sales for $7.89 million activity. The insider MUCCI MARTIN sold 29,786 shares worth $1.88 million. Zaucha Laurie L. had sold 17,354 shares worth $1.11M on Monday, October 9. On Thursday, January 4 the insider Gioja Michael E sold $2.36M.

Among 29 analysts covering Activision Blizzard (NASDAQ:ATVI), 24 have Buy rating, 0 Sell and 5 Hold. Therefore 83% are positive. Activision Blizzard had 118 analyst reports since July 28, 2015 according to SRatingsIntel. As per Monday, July 24, the company rating was maintained by Credit Suisse. As per Tuesday, December 12, the company rating was upgraded by Goldman Sachs. The stock has “Overweight” rating by Morgan Stanley on Friday, November 3. The firm has “Hold” rating by BMO Capital Markets given on Thursday, September 7. On Thursday, August 6 the stock rating was downgraded by Hilliard Lyons to “Neutral”. The company was downgraded on Monday, November 2 by Bank of America. Robert W. Baird maintained it with “Buy” rating and $68.0 target in Wednesday, August 23 report. Zacks upgraded it to “Hold” rating and $32 target in Friday, August 7 report. The stock has “Hold” rating by BMO Capital Markets on Friday, August 4. On Wednesday, September 20 the stock rating was maintained by BMO Capital Markets with “Market Perform”.

Boston Advisors Llc, which manages about $2.55B and $4.42 billion US Long portfolio, decreased its stake in Northrop Grumman Corp Com (NYSE:NOC) by 1,922 shares to 48,385 shares, valued at $13.92M in 2017Q3, according to the filing. It also reduced its holding in Hershey Co Com (NYSE:HSY) by 8,525 shares in the quarter, leaving it with 16,108 shares, and cut its stake in Blue Buffalo Pet Prods Inc Com.

Investors sentiment increased to 1.38 in 2017 Q3. Its up 0.23, from 1.15 in 2017Q2. It is positive, as 37 investors sold ATVI shares while 205 reduced holdings. 93 funds opened positions while 240 raised stakes. 639.82 million shares or 0.01% less from 639.89 million shares in 2017Q2 were reported. Advisers Ltd Llc stated it has 0.02% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Cibc Asset Management reported 199,371 shares stake. Stevens Mngmt LP reported 0.47% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Tcw Grp Inc accumulated 37,880 shares. Adage Cap Prns Grp Inc Ltd Limited Liability Company, a Massachusetts-based fund reported 1.40M shares. Kj Harrison & Prtn Incorporated holds 5,000 shares. Aperio Group Ltd Liability reported 228,451 shares stake. Acadian Asset Mngmt Limited Liability holds 6,068 shares or 0% of its portfolio. Bancorp Of Mellon reported 0.13% stake. Lazard Asset Mgmt Lc stated it has 645,046 shares or 0.08% of all its holdings. Lord Abbett & Com Limited Liability Corporation invested in 624,746 shares. Buckingham Asset Mngmt Limited Liability Company holds 3,779 shares. Accuvest Advisors has 0.01% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 86 shares. Of Vermont, a Vermont-based fund reported 28,222 shares. Virginia Retirement Et Al has 0.34% invested in Activision Blizzard, Inc. (NASDAQ:ATVI).

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