Cambridge Financial Group Has Lifted Nordstrom (JWN) Holding; Paychex (PAYX)’s Sentiment Is 1.03

December 6, 2017 - By Migdalia James

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 $24.58 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 30 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.

Cambridge Financial Group Inc increased Nordstrom (JWN) stake by 0.89% reported in 2017Q2 SEC filing. Cambridge Financial Group Inc acquired 995 shares as Nordstrom (JWN)’s stock declined 10.77%. The Cambridge Financial Group Inc holds 112,244 shares with $5.37B value, up from 111,249 last quarter. Nordstrom now has $7.61B valuation. The stock decreased 1.04% or $0.48 during the last trading session, reaching $45.67. About 1.54 million shares traded. Nordstrom, Inc. (NYSE:JWN) has risen 9.86% since December 6, 2016 and is uptrending. It has underperformed by 6.84% the S&P500.

The stock increased 0.69% or $0.47 during the last trading session, reaching $68.41. About 820,370 shares traded. Paychex, Inc. (PAYX) has risen 11.22% since December 6, 2016 and is uptrending. It has underperformed by 5.48% the S&P500.

Ratings analysis reveals 17% of Paychex’s analysts are positive. Out of 6 Wall Street analysts rating Paychex, 1 give it “Buy”, 2 “Sell” rating, while 3 recommend “Hold”. The lowest target is $48.0 while the high is $65.0. The stock’s average target of $57.50 is -15.95% below today’s ($68.41) share price. PAYX was included in 6 notes of analysts from September 9, 2016. Compass Point maintained Paychex, Inc. (NASDAQ:PAYX) on Thursday, December 22 with “Sell” rating. The rating was upgraded by Bernstein on Wednesday, January 11 to “Mkt Perform”. Wedbush initiated the shares of PAYX in report on Friday, September 9 with “Neutral” rating. The company was initiated on Tuesday, December 20 by Barclays Capital. The rating was upgraded by Goldman Sachs on Friday, December 16 to “Buy”. RBC Capital Markets maintained the shares of PAYX in report on Thursday, December 22 with “Underperform” rating.

Mcdonald Capital Investors Inc Ca holds 10.69% of its portfolio in Paychex, Inc. for 2.15 million shares. Ensemble Capital Management Llc owns 530,110 shares or 6.6% of their US portfolio. Moreover, Parthenon Llc has 4.13% invested in the company for 305,204 shares. The Kansas-based Paragon Capital Management Llc has invested 3.89% in the stock. Dillon & Associates Inc, a Michigan-based fund reported 152,987 shares.

Analysts await Paychex, Inc. (NASDAQ:PAYX) to report earnings on December, 20. They expect $0.59 earnings per share, up 5.36% or $0.03 from last year’s $0.56 per share. PAYX’s profit will be $212.01 million for 28.99 P/E if the $0.59 EPS becomes a reality. After $0.62 actual earnings per share reported by Paychex, Inc. for the previous quarter, Wall Street now forecasts -4.84% negative EPS growth.

Among 30 analysts covering Nordstrom Inc. (NYSE:JWN), 6 have Buy rating, 7 Sell and 17 Hold. Therefore 20% are positive. Nordstrom Inc. had 103 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Citigroup on Tuesday, January 5. As per Friday, November 10, the company rating was maintained by KeyBanc Capital Markets. Goldman Sachs maintained the shares of JWN in report on Friday, August 12 with “Neutral” rating. The firm earned “Buy” rating on Friday, May 12 by Maxim Group. The stock has “Hold” rating by Brean Capital on Friday, August 14. On Monday, July 17 the stock rating was maintained by Piper Jaffray with “Hold”. Telsey Advisory Group maintained Nordstrom, Inc. (NYSE:JWN) on Friday, November 11 with “Market Perform” rating. The rating was upgraded by Stifel Nicolaus to “Buy” on Tuesday, September 15. The stock has “Overweight” rating by PiperJaffray on Tuesday, July 26. As per Friday, April 8, the company rating was maintained by JP Morgan.

Cambridge Financial Group Inc decreased Aetna (NYSE:AET) stake by 771 shares to 46,483 valued at $7.06 billion in 2017Q2. It also reduced Archer Daniels Midland Co (NYSE:ADM) stake by 1,821 shares and now owns 127,721 shares. Facebook Inc (NASDAQ:FB) was reduced too.

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