Paychex (PAYX) Holder Martin Currie LTD Has Lowered Position; As Allstate (ALL) Market Value Declined, Ajo LP Has Decreased Its Holding

May 23, 2018 - By Clifton Ray

Paychex, Inc. (NASDAQ:PAYX) Logo

Ajo Lp decreased its stake in Allstate Corp (ALL) by 7.38% based on its latest 2017Q4 regulatory filing with the SEC. Ajo Lp sold 233,025 shares as the company’s stock declined 10.30% with the market. The institutional investor held 2.92 million shares of the property-casualty insurers company at the end of 2017Q4, valued at $306.11 million, down from 3.16 million at the end of the previous reported quarter. Ajo Lp who had been investing in Allstate Corp for a number of months, seems to be less bullish one the $33.70 billion market cap company. The stock increased 0.28% or $0.27 during the last trading session, reaching $95.88. About 968,672 shares traded. The Allstate Corporation (NYSE:ALL) has risen 15.17% since May 23, 2017 and is uptrending. It has outperformed by 3.62% the S&P500.

Martin Currie Ltd decreased its stake in Paychex Inc (PAYX) by 41.53% based on its latest 2017Q4 regulatory filing with the SEC. Martin Currie Ltd sold 73,500 shares as the company’s stock declined 12.35% with the market. The institutional investor held 103,500 shares of the consumer services company at the end of 2017Q4, valued at $7.05 million, down from 177,000 at the end of the previous reported quarter. Martin Currie Ltd who had been investing in Paychex Inc for a number of months, seems to be less bullish one the $23.50 billion market cap company. The stock increased 0.46% or $0.3 during the last trading session, reaching $65.42. About 2.02 million shares traded. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since May 23, 2017 and is downtrending. It has underperformed by 13.27% the S&P500.

Among 23 analysts covering The Allstate Corporation (NYSE:ALL), 9 have Buy rating, 1 Sell and 13 Hold. Therefore 39% are positive. The Allstate Corporation had 58 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Monday, April 3 by FBR Capital. The stock of The Allstate Corporation (NYSE:ALL) has “Buy” rating given on Monday, October 2 by Citigroup. Wells Fargo maintained the shares of ALL in report on Friday, June 23 with “Buy” rating. The firm earned “Neutral” rating on Wednesday, August 5 by Compass Point. The firm has “Hold” rating given on Friday, June 16 by Wood. Buckingham Research initiated it with “Sell” rating and $74.0 target in Monday, September 11 report. Citigroup maintained The Allstate Corporation (NYSE:ALL) on Friday, February 16 with “Buy” rating. Deutsche Bank downgraded the stock to “Hold” rating in Thursday, August 3 report. On Wednesday, February 21 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Goldman Sachs upgraded The Allstate Corporation (NYSE:ALL) on Tuesday, January 10 to “Buy” rating.

More news for The Allstate Corporation (NYSE:ALL) were recently published by: Seekingalpha.com, which released: “Allstate Corporation 2018 Q1 – Results – Earnings Call Slides” on May 02, 2018. Etfdailynews.com‘s article titled: “More Gains Coming For Small Caps After Hitting New Highs? (IWM)” and published on May 19, 2018 is yet another important article.

Ajo Lp, which manages about $24.49B and $23.21 billion US Long portfolio, upped its stake in Rpx Corp (NASDAQ:RPXC) by 238,742 shares to 654,678 shares, valued at $8.80 million in 2017Q4, according to the filing. It also increased its holding in Discover Finl Svcs (NYSE:DFS) by 47,833 shares in the quarter, for a total of 878,852 shares, and has risen its stake in Melco Resorts & Entertainment (NASDAQ:MPEL).

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.05, from 0.91 in 2017Q3. It is positive, as 43 investors sold ALL shares while 308 reduced holdings. 101 funds opened positions while 236 raised stakes. 266.22 million shares or 1.14% more from 263.23 million shares in 2017Q3 were reported. Howard Management holds 0.03% or 2,000 shares in its portfolio. Deroy Devereaux Private Inv Counsel reported 182,503 shares. First Republic Investment holds 27,749 shares. Pinnacle Prns reported 0.07% stake. Strs Ohio holds 0.09% or 211,902 shares in its portfolio. Intrust Bank & Trust Na stated it has 9,537 shares or 0.3% of all its holdings. Synovus Fin holds 0% or 1,979 shares. Hancock holds 0.73% in The Allstate Corporation (NYSE:ALL) or 168,634 shares. 25 are owned by Wealthcare Mngmt Ltd. Tru Of Toledo Na Oh stated it has 0.1% in The Allstate Corporation (NYSE:ALL). Affinity Invest Advsrs Ltd Liability Corporation holds 0.6% or 50,800 shares. Mu Investments Co Ltd invested in 0.02% or 300 shares. Farmers Retail Bank reported 0.38% stake. Argi Inv Services Limited Co owns 3,961 shares. Rdl Fincl holds 1.56% of its portfolio in The Allstate Corporation (NYSE:ALL) for 23,964 shares.

Analysts await The Allstate Corporation (NYSE:ALL) to report earnings on August, 7. They expect $1.60 EPS, up 15.94% or $0.22 from last year’s $1.38 per share. ALL’s profit will be $562.39M for 14.98 P/E if the $1.60 EPS becomes a reality. After $2.96 actual EPS reported by The Allstate Corporation for the previous quarter, Wall Street now forecasts -45.95% negative EPS growth.

Martin Currie Ltd, which manages about $1.42 billion US Long portfolio, upped its stake in Bb&T Corp (NYSE:BBT) by 51,098 shares to 199,798 shares, valued at $9.93 million in 2017Q4, according to the filing. It also increased its holding in Cosan Ltd (NYSE:CZZ) by 240,100 shares in the quarter, for a total of 3.31M shares, and has risen its stake in Ishares Tr (INDA).

Another recent and important Paychex, Inc. (NASDAQ:PAYX) news was published by Investorplace.com which published an article titled: “20 High-Dividend Stocks With Too Much Cash to Count” on May 18, 2018.

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. Wells Fargo maintained the shares of PAYX in report on Wednesday, October 4 with “Market Perform” rating. RBC Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) on Wednesday, June 28 with “Sell” rating. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Sell” rating given on Monday, November 13 by RBC Capital Markets. The firm earned “Hold” rating on Friday, September 4 by Zacks. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Neutral” rating by Wedbush on Friday, September 9. The firm earned “Sell” rating on Wednesday, October 4 by Citigroup. The rating was upgraded by Morgan Stanley on Wednesday, August 16 to “Equal-Weight”. The rating was maintained by RBC Capital Markets with “Sell” on Sunday, September 10. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Neutral” rating by Sterne Agee CRT on Thursday, December 17. The firm earned “Sell” rating on Thursday, December 21 by RBC Capital Markets.

Analysts await Paychex, Inc. (NASDAQ:PAYX) to report earnings on June, 27. They expect $0.61 earnings per share, up 12.96% or $0.07 from last year’s $0.54 per share. PAYX’s profit will be $219.16 million for 26.81 P/E if the $0.61 EPS becomes a reality. After $0.63 actual earnings per share reported by Paychex, Inc. for the previous quarter, Wall Street now forecasts -3.17% negative EPS growth.

Since January 4, 2018, it had 0 insider buys, and 4 selling transactions for $10.03 million activity. 3,079 shares were sold by VELLI JOSEPH M, worth $200,135. 34,311 Paychex, Inc. (NASDAQ:PAYX) shares with value of $2.36 million were sold by Gioja Michael E.

The Allstate Corporation (NYSE:ALL) Institutional Positions Chart

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