Paychex (PAYX) Shareholder Laffer Investments Trimmed Its Holding by $39.84 Million as Share Price Declined; Applied Matls (AMAT) Stake Maintained by Reilly Financial Advisors Llc

Paychex, Inc. (NASDAQ:PAYX) Logo

Laffer Investments decreased its stake in Paychex Inc (PAYX) by 1.14% based on its latest 2018Q3 regulatory filing with the SEC. Laffer Investments sold 541 shares as the company’s stock declined 8.21% with the market. The institutional investor held 46,976 shares of the consumer services company at the end of 2018Q3, valued at $3.46 billion, down from 47,517 at the end of the previous reported quarter. Laffer Investments who had been investing in Paychex Inc for a number of months, seems to be less bullish one the $27.21B market cap company. The stock increased 0.81% or $0.61 during the last trading session, reaching $75.78. About 2.84M shares traded or 30.57% up from the average. Paychex, Inc. (NASDAQ:PAYX) has declined 0.60% since February 16, 2018 and is downtrending. It has underperformed by 0.60% the S&P500. Some Historical PAYX News: 27/03/2018 – Lower Tax Rate Boosts Case for Corporate Bonds Over Munis — Paychex CFO; 26/03/2018 – Paychex 3Q Payroll Service Revenue $455M, Up 2%; 03/04/2018 – Paychex l IHS Markit Small Business Employment Watch: Job Growth Tightens Among Small Businesses in March; Wage Growth Holds Steady; 30/04/2018 – NACHA Announces Official Payments and Paychex Are NACHA Certified; 26/03/2018 – PAYCHEX 3Q REV. $866.5M, EST. $854.1M; 29/05/2018 – Paychex l IHS Markit Small Business Employment Watch: Job Growth Shows Slight Increase in May, Annual Wage Growth Dips to 2.59 Percent; 27/04/2018 – MOODY’S AFFIRMS TRINET’S BA3 CFR, REVISES OUTLOOK TO POSITIVE; 29/05/2018 – The Paychex-IHS Markit small business jobs survey shows a small increase in the rate of hiring for May; 26/03/2018 – Paychex Sees FY18 Total Revenue Up About 7%; 30/04/2018 – Paychex: Pamela Joseph Elected to Board

Reilly Financial Advisors Llc increased its stake in Applied Matls Inc (AMAT) by 8.7% based on its latest 2018Q3 regulatory filing with the SEC. Reilly Financial Advisors Llc bought 16,459 shares as the company’s stock declined 13.71% with the market. The institutional investor held 205,672 shares of the technology company at the end of 2018Q3, valued at $7.95M, up from 189,213 at the end of the previous reported quarter. Reilly Financial Advisors Llc who had been investing in Applied Matls Inc for a number of months, seems to be bullish on the $37.30 billion market cap company. The stock decreased 3.95% or $1.61 during the last trading session, reaching $39.1. About 22.40 million shares traded or 73.25% up from the average. Applied Materials, Inc. (NASDAQ:AMAT) has declined 34.67% since February 16, 2018 and is downtrending. It has underperformed by 34.67% the S&P500. Some Historical AMAT News: 17/05/2018 – APPLIED MATERIALS MAINTAINS ANNUAL WFE TARGETS FOR 2018-19; 17/05/2018 – APPLIED MATERIALS CEO SPEAKING ON CONFERENCE CALL; 14/05/2018 – APPLIED MATERIALS INC AMAT.O : CITIGROUP RAISES TARGET PRICE TO $78 FROM $70; 16/05/2018 – Applied Materials at AllianceBernstein Conference May 30; 07/03/2018 – Applied Materials Receives lntel’s Preferred Quality Supplier Award; 17/05/2018 – APPLIED MATERIALS INC AMAT.O QUARTERLY NON-GAAP SHR $1.22; 11/05/2018 – Sentry Investments Adds Applied Materials, Exits Sensata: 13F; 17/05/2018 – Applied Materials 2Q Adj EPS $1.22; 17/05/2018 – Chip gear maker Applied Materials reports 29 pct rise in revenue; 17/05/2018 – APPLIED MATERIALS INC – QUARTERLY REVENUE OF $4.57 BLN, UP 29 PERCENT YEAR OVER YEAR

Among 29 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 21 have Buy rating, 0 Sell and 8 Hold. Therefore 72% are positive. Applied Materials Inc. had 150 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Outperform” rating given on Thursday, March 31 by BNP Paribas. The company was maintained on Thursday, June 2 by Goldman Sachs. The rating was maintained by Deutsche Bank with “Hold” on Friday, November 16. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Overweight” rating by Morgan Stanley on Tuesday, December 15. As per Tuesday, June 13, the company rating was maintained by UBS. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, September 27. FBR Capital downgraded Applied Materials, Inc. (NASDAQ:AMAT) rating on Monday, October 29. FBR Capital has “Neutral” rating and $36 target. The firm has “Outperform” rating by Cowen & Co given on Monday, February 13. The stock has “Outperform” rating by CLSA on Thursday, December 10. The company was upgraded on Friday, May 20 by B. Riley & Co.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Benzinga.com which released: “Barron’s Picks And Pans: Caterpillar (NYSE:CAT), Dell (NYSE:DELL), Intel (NASDAQ:INTC) And More – Benzinga” on January 26, 2019, also Seekingalpha.com with their article: “AMAT -3% on downside guide, near-term headwinds – Seeking Alpha” published on November 15, 2018, 247Wallst.com published: “Nvidia, Cisco, Under Armour and More Major Earnings Coming This Week – 24/7 Wall St.” on February 10, 2019. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Investorplace.com and their article: “6 Top Stocks to Trade Tuesday, Including Canopy Growth – Investorplace.com” published on February 15, 2019 as well as Nasdaq.com‘s news article titled: “Why Is Applied Materials (AMAT) Down 6.8% Since Last Earnings Report? – Nasdaq” with publication date: December 15, 2018.

Investors sentiment increased to 0.8 in 2018 Q3. Its up 0.04, from 0.76 in 2018Q2. It increased, as 115 investors sold AMAT shares while 303 reduced holdings. 98 funds opened positions while 238 raised stakes. 722.69 million shares or 1.34% less from 732.53 million shares in 2018Q2 were reported. The Maryland-based Fort LP has invested 0% in Applied Materials, Inc. (NASDAQ:AMAT). Blb&B Llc has 5,440 shares. Moreover, Ci has 0.51% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 1.76M shares. Hall Laurie J Trustee accumulated 49,927 shares or 1.02% of the stock. Menora Mivtachim Holdg Ltd holds 1.06% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT) for 1.01 million shares. Arrow Financial Corporation reported 2,965 shares. Royal London Asset Mgmt owns 421,174 shares. Lumina Fund Mngmt Ltd Limited Liability Company accumulated 19,000 shares. Schroder Inv Mngmt Group Inc reported 1.09M shares stake. The Massachusetts-based Boston Advsrs Lc has invested 0.08% in Applied Materials, Inc. (NASDAQ:AMAT). Horizon Inv Svcs Ltd Liability Corp has 0.19% invested in Applied Materials, Inc. (NASDAQ:AMAT). Jpmorgan Chase owns 13.80M shares or 0.1% of their US portfolio. 251,900 were accumulated by Employees Retirement Systems Of Texas. Ls Inv Advisors Limited Liability Corporation invested 0.05% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Stonebridge Cap invested 0.26% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT).

Reilly Financial Advisors Llc, which manages about $679.11M and $754.03M US Long portfolio, decreased its stake in Diageo P L C (NYSE:DEO) by 4,241 shares to 4,870 shares, valued at $690,000 in 2018Q3, according to the filing. It also reduced its holding in Invesco Exchng Traded Fd Tr by 29,593 shares in the quarter, leaving it with 2,767 shares, and cut its stake in Nike Inc (NYSE:NKE).

Among 22 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 2 Sell and 19 Hold. Therefore 5% are positive. Paychex had 71 analyst reports since August 14, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Hold” rating and $69 target in Thursday, June 28 report. Wells Fargo maintained the stock with “Market Perform” rating in Thursday, June 28 report. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Equal Weight” rating given on Tuesday, December 20 by Barclays Capital. The firm earned “Equal-Weight” rating on Wednesday, October 3 by Morgan Stanley. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, August 17. BMO Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) on Friday, August 18 with “Hold” rating. Barclays Capital maintained Paychex, Inc. (NASDAQ:PAYX) rating on Tuesday, March 27. Barclays Capital has “Equal-Weight” rating and $70 target. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Sell” rating given on Thursday, September 29 by Citigroup. Bank of America downgraded the shares of PAYX in report on Tuesday, January 9 to “Hold” rating. RBC Capital Markets upgraded Paychex, Inc. (NASDAQ:PAYX) on Monday, April 2 to “Hold” rating.

Since August 15, 2018, it had 2 insider buys, and 6 sales for $9.70 million activity. DOODY JOSEPH also sold $860,986 worth of Paychex, Inc. (NASDAQ:PAYX) shares. $3.47M worth of Paychex, Inc. (NASDAQ:PAYX) was sold by Gibson John B. MUCCI MARTIN had sold 50,000 shares worth $3.62M on Monday, February 4.

Laffer Investments, which manages about $614.32M and $403.90 billion US Long portfolio, upped its stake in Deutsche Bank Ag London by 18 shares to 3,121 shares, valued at $2.97B in 2018Q3, according to the filing. It also increased its holding in Welltower Inc Pfd by 830 shares in the quarter, for a total of 35,493 shares, and has risen its stake in At&T Inc (NYSE:T).

More notable recent Paychex, Inc. (NASDAQ:PAYX) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Franklin Electric, Paychex and Goodyear Tire & Rubber – Nasdaq” on January 29, 2019, also Nasdaq.com with their article: “Aptiv (APTV) Beats Earnings and Revenue Estimates in Q4 – Nasdaq” published on January 31, 2019, Prnewswire.com published: “Paychex Poll Reveals the Government Shutdown Negatively Impacted Business Outlook for Nearly One in Five Business Owners – PRNewswire” on January 28, 2019. More interesting news about Paychex, Inc. (NASDAQ:PAYX) were released by: Nasdaq.com and their article: “Paychex, Inc. (PAYX) Ex-Dividend Date Scheduled for January 31, 2019 – Nasdaq” published on January 30, 2019 as well as Nasdaq.com‘s news article titled: “Top Ranked Income Stocks to Buy for February 1st – Nasdaq” with publication date: February 01, 2019.

Applied Materials, Inc. (NASDAQ:AMAT) Institutional Positions Chart

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