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Rench Wealth Management Holds Holding in Paychex (PAYX); As Abbvie (ABBV) Stock Price Declined, Holder Dynamic Advisors Solutions Cut Its Position by $948,672

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Dynamic Advisors Solutions Llc decreased its stake in Abbvie Inc (ABBV) by 16.59% based on its latest 2017Q4 regulatory filing with the SEC. Dynamic Advisors Solutions Llc sold 9,882 shares as the company’s stock declined 6.31% with the market. The institutional investor held 49,676 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $4.80M, down from 59,558 at the end of the previous reported quarter. Dynamic Advisors Solutions Llc who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $147.67B market cap company. The stock decreased 0.56% or $0.52 during the last trading session, reaching $93.07. About 528,256 shares traded. AbbVie Inc. (NYSE:ABBV) has risen 39.20% since April 18, 2017 and is uptrending. It has outperformed by 27.65% the S&P500.

Rench Wealth Management Inc increased its stake in Paychex Inc (PAYX) by 18.73% based on its latest 2017Q4 regulatory filing with the SEC. Rench Wealth Management Inc bought 10,302 shares as the company’s stock declined 12.35% with the market. The institutional investor held 65,303 shares of the consumer services company at the end of 2017Q4, valued at $4.45M, up from 55,001 at the end of the previous reported quarter. Rench Wealth Management Inc who had been investing in Paychex Inc for a number of months, seems to be bullish on the $22.00B market cap company. The stock increased 0.15% or $0.09 during the last trading session, reaching $61.22. About 510,462 shares traded. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since April 18, 2017 and is downtrending. It has underperformed by 13.27% the S&P500.

Investors sentiment decreased to 0.8 in Q4 2017. Its down 0.05, from 0.85 in 2017Q3. It dived, as 42 investors sold ABBV shares while 695 reduced holdings. 139 funds opened positions while 448 raised stakes. 1.06 billion shares or 0.35% more from 1.06 billion shares in 2017Q3 were reported. Barbara Oil invested 1.23% in AbbVie Inc. (NYSE:ABBV). First Merchants has 1.08% invested in AbbVie Inc. (NYSE:ABBV). Legacy Private Trust Communication owns 33,462 shares or 0.38% of their US portfolio. South Texas Money has invested 0.06% in AbbVie Inc. (NYSE:ABBV). The Pennsylvania-based Janney Cap Mngmt Ltd has invested 0.03% in AbbVie Inc. (NYSE:ABBV). Supplemental Annuity Collective Tru Of Nj holds 13,000 shares. Comml Bank Of Montreal Can has 0.45% invested in AbbVie Inc. (NYSE:ABBV). Pacific Global Inv Management Communication reported 0.54% stake. Blue Edge Capital Ltd Liability holds 3,113 shares. Of Toledo Na Oh invested 1.37% of its portfolio in AbbVie Inc. (NYSE:ABBV). Callahan Limited Liability Company has 0.22% invested in AbbVie Inc. (NYSE:ABBV). 2,731 are owned by Amarillo Bankshares. Cue Fincl Inc holds 0.59% of its portfolio in AbbVie Inc. (NYSE:ABBV) for 9,225 shares. Homrich & Berg holds 0.11% or 16,916 shares. 27,176 were accumulated by Baker Avenue Asset Management L P.

Since October 30, 2017, it had 0 insider purchases, and 12 insider sales for $49.35 million activity. Another trade for 18,129 shares valued at $2.15 million was made by RICHMOND TIMOTHY J. on Wednesday, February 28. $976,084 worth of AbbVie Inc. (NYSE:ABBV) shares were sold by GONZALEZ RICHARD A. SEVERINO MICHAEL sold 2,643 shares worth $311,684. 1,337 shares valued at $157,458 were sold by SALEKI-GERHARDT AZITA on Wednesday, February 28. 83,574 AbbVie Inc. (NYSE:ABBV) shares with value of $9.57 million were sold by ALBAN CARLOS. Another trade for 18,300 shares valued at $1.66M was sold by Gosebruch Henry O.

Among 23 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 2 Sell and 11 Hold. Therefore 43% are positive. Abbvie Inc had 89 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, April 5 report. The company was maintained on Wednesday, June 7 by Credit Suisse. The firm has “Underperform” rating given on Friday, March 23 by BMO Capital Markets. Deutsche Bank maintained the shares of ABBV in report on Monday, July 17 with “Hold” rating. The firm earned “Buy” rating on Tuesday, January 16 by Jefferies. The company was maintained on Tuesday, December 5 by Leerink Swann. The stock has “Buy” rating by SunTrust on Wednesday, July 22. UBS maintained the stock with “Neutral” rating in Friday, October 13 report. The stock has “Buy” rating by Goldman Sachs on Friday, March 10. The firm earned “Hold” rating on Wednesday, October 11 by BMO Capital Markets.

Analysts await AbbVie Inc. (NYSE:ABBV) to report earnings on April, 26 before the open. They expect $1.78 EPS, up 39.06% or $0.50 from last year’s $1.28 per share. ABBV’s profit will be $2.82 billion for 13.07 P/E if the $1.78 EPS becomes a reality. After $1.48 actual EPS reported by AbbVie Inc. for the previous quarter, Wall Street now forecasts 20.27% EPS growth.

Dynamic Advisors Solutions Llc, which manages about $305.19 million US Long portfolio, upped its stake in Proshares Tr (DOG) by 227,579 shares to 241,555 shares, valued at $3.61 million in 2017Q4, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLF) by 41,980 shares in the quarter, for a total of 66,110 shares, and has risen its stake in Costco Whsl Corp New (NASDAQ:COST).

Among 18 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 1 Sell and 16 Hold. Therefore 6% are positive. Paychex had 54 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Argus Research with “Buy” on Thursday, December 24. The firm earned “Mkt Perform” rating on Wednesday, January 11 by Bernstein. The firm has “Hold” rating given on Monday, September 11 by Robert W. Baird. Bank of America downgraded the stock to “Hold” rating in Tuesday, April 17 report. On Thursday, March 31 the stock rating was maintained by Citigroup with “Sell”. The stock has “Hold” rating by BMO Capital Markets on Monday, March 26. The rating was downgraded by Bank of America to “Underperform” on Thursday, January 7. The stock has “Neutral” rating by Goldman Sachs on Tuesday, June 20. The firm has “Sell” rating by RBC Capital Markets given on Monday, November 13. The rating was downgraded by William Blair to “Hold” on Friday, July 21.

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.10, from 1.02 in 2017Q3. It dived, as 39 investors sold PAYX shares while 306 reduced holdings. 93 funds opened positions while 226 raised stakes. 238.43 million shares or 0.16% less from 238.82 million shares in 2017Q3 were reported. Shell Asset Management Company invested in 0.23% or 170,960 shares. Jensen Mngmt has invested 0.01% in Paychex, Inc. (NASDAQ:PAYX). Lvw Advsr Limited Co holds 23,810 shares or 0.47% of its portfolio. Koch Indus Incorporated holds 0.09% or 9,091 shares. Epoch Inv accumulated 533,385 shares or 0.12% of the stock. Cleararc reported 15,846 shares or 0.15% of all its holdings. Moreover, Mastrapasqua Asset Mngmt has 1.23% invested in Paychex, Inc. (NASDAQ:PAYX) for 89,509 shares. Monetary Gru Inc reported 200 shares. Profund Advsrs Lc has 0.08% invested in Paychex, Inc. (NASDAQ:PAYX). Eastern Comml Bank owns 0.2% invested in Paychex, Inc. (NASDAQ:PAYX) for 43,188 shares. Stevens Management Ltd Partnership holds 0.47% in Paychex, Inc. (NASDAQ:PAYX) or 177,045 shares. Summit Secs Grp Incorporated Lc stated it has 0.04% in Paychex, Inc. (NASDAQ:PAYX). Bb&T Corp has invested 0.02% in Paychex, Inc. (NASDAQ:PAYX). Moreover, Public Employees Retirement System Of Ohio has 0.07% invested in Paychex, Inc. (NASDAQ:PAYX) for 204,803 shares. Sector Pension Invest Board invested in 0.01% or 16,807 shares.

Since January 4, 2018, it had 0 insider purchases, and 3 selling transactions for $9.83 million activity. The insider Vossler Jennifer R. sold $682,900.

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

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