Federated Investors Has Boosted Paychex (PAYX) Holding; Shorts at Live Nation Entertainment (LYV) Raised By 1.97%

November 15, 2017 - By Vivian Park

Federated Investors Inc increased Paychex Inc (PAYX) stake by 24.1% reported in 2017Q2 SEC filing. Federated Investors Inc acquired 286,355 shares as Paychex Inc (PAYX)’s stock declined 2.74%. The Federated Investors Inc holds 1.47 million shares with $83.97M value, up from 1.19 million last quarter. Paychex Inc now has $23.47B valuation. The stock increased 0.41% or $0.27 during the last trading session, reaching $65.37. About shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since November 15, 2016 and is uptrending. It has underperformed by 5.48% the S&P500.

Live Nation Entertainment Incorporated (NYSE:LYV) had an increase of 1.97% in short interest. LYV’s SI was 14.45 million shares in November as released by FINRA. Its up 1.97% from 14.17 million shares previously. With 1.45M avg volume, 10 days are for Live Nation Entertainment Incorporated (NYSE:LYV)’s short sellers to cover LYV’s short positions. The SI to Live Nation Entertainment Incorporated’s float is 10.89%. The stock increased 2.74% or $1.23 during the last trading session, reaching $46.16. About shares traded. Live Nation Entertainment, Inc. (NYSE:LYV) has risen 52.18% since November 15, 2016 and is uptrending. It has outperformed by 35.48% the S&P500.

Among 18 analysts covering Paychex (NASDAQ:PAYX), 2 have Buy rating, 3 Sell and 13 Hold. Therefore 11% are positive. Paychex has $68 highest and $44 lowest target. $58.38’s average target is -10.69% below currents $65.37 stock price. Paychex had 33 analyst reports since August 14, 2015 according to SRatingsIntel. As per Monday, September 11, the company rating was maintained by Robert W. Baird. The firm earned “Neutral” rating on Friday, September 9 by Wedbush. The stock has “Mkt Perform” rating by Bernstein on Wednesday, January 11. As per Wednesday, October 4, the company rating was maintained by Bank of America. Citigroup maintained Paychex, Inc. (NASDAQ:PAYX) rating on Thursday, March 31. Citigroup has “Sell” rating and $49 target. As per Friday, April 15, the company rating was initiated by Compass Point. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, August 16. The company was maintained on Friday, August 14 by JP Morgan. RBC Capital Markets maintained the stock with “Underperform” rating in Thursday, October 1 report. Sterne Agee CRT initiated Paychex, Inc. (NASDAQ:PAYX) on Thursday, December 17 with “Neutral” rating.

Investors sentiment is 1.03 in Q2 2017. Its the same as in 2017Q1. It has no change, as 45 investors sold PAYX shares while 279 reduced holdings. only 68 funds opened positions while 265 raised stakes. 237.67 million shares or 1.25% less from 240.68 million shares in 2017Q1 were reported. Peddock Advsr Lc invested in 150 shares. 5,000 are held by Carderock Capital Mngmt. Sandhill Cap Partners invested 0.14% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Moreover, Tiaa Cref Invest Mgmt Ltd Limited Liability Company has 0.04% invested in Paychex, Inc. (NASDAQ:PAYX) for 986,311 shares. United Kingdom-based Martin Currie Ltd has invested 0.79% in Paychex, Inc. (NASDAQ:PAYX). Tdam Usa Incorporated holds 67,327 shares or 0.2% of its portfolio. 215,402 are held by Millennium Limited Liability Company. East Coast Asset Ltd Llc holds 23,245 shares. 1.84 million are held by Swiss Natl Bank. Moreover, Iowa Financial Bank has 0.12% invested in Paychex, Inc. (NASDAQ:PAYX). Ashfield Cap Prtn Ltd owns 5,018 shares. Brinker Capital has 0.15% invested in Paychex, Inc. (NASDAQ:PAYX) for 55,166 shares. Fiduciary Fincl Service Of The Southwest Tx, a Texas-based fund reported 5,052 shares. Transamerica Advsr Incorporated has invested 0.57% in Paychex, Inc. (NASDAQ:PAYX). The Ohio-based Opus Capital Group Ltd Liability Co has invested 0.14% in Paychex, Inc. (NASDAQ:PAYX).

Federated Investors Inc decreased Hawaiian Elec Industries (NYSE:HE) stake by 12,624 shares to 55,451 valued at $1.80M in 2017Q2. It also reduced Centurylink Inc (NYSE:CTL) stake by 578,977 shares and now owns 1.48 million shares. Svb Finl Group (NASDAQ:SIVB) was reduced too.

Among 13 analysts covering Live Nation (NYSE:LYV), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Live Nation had 20 analyst reports since September 18, 2015 according to SRatingsIntel. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) has “Buy” rating given on Monday, September 11 by Jefferies. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) has “Buy” rating given on Monday, October 16 by Jefferies. Northcoast downgraded the stock to “Neutral” rating in Monday, June 19 report. As per Tuesday, November 8, the company rating was upgraded by Stephens. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) earned “Neutral” rating by BTIG Research on Tuesday, March 29. Stephens initiated the shares of LYV in report on Thursday, October 6 with “Equal-Weight” rating. The rating was initiated by Gabelli on Friday, September 18 with “Buy”. The rating was upgraded by Northcoast on Monday, May 2 to “Buy”. The stock has “Overweight” rating by Albert Fried on Friday, October 30. The firm earned “Buy” rating on Monday, April 3 by Goldman Sachs.

Investors sentiment increased to 1.43 in 2017 Q2. Its up 0.34, from 1.09 in 2017Q1. It increased, as 26 investors sold Live Nation Entertainment, Inc. shares while 81 reduced holdings. 43 funds opened positions while 110 raised stakes. 129.13 million shares or 0.97% more from 127.88 million shares in 2017Q1 were reported. Jpmorgan Chase has invested 0% in Live Nation Entertainment, Inc. (NYSE:LYV). Hanseatic Management Ser Incorporated reported 1,039 shares stake. Yost Capital Mngmt Lc has 17.79% invested in Live Nation Entertainment, Inc. (NYSE:LYV). California State Teachers Retirement Systems invested in 238,814 shares. First Republic Management Inc holds 0% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV) for 10,863 shares. First Foundation Advsrs holds 0.03% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV) for 12,284 shares. Stephens Ar, a Arkansas-based fund reported 48,767 shares. Gsa Ptnrs Ltd Liability Partnership holds 0.06% or 26,900 shares. Panagora Asset Mgmt Inc reported 67,239 shares or 0.01% of all its holdings. Federated Investors Pa has invested 0.01% in Live Nation Entertainment, Inc. (NYSE:LYV). Scotia Cap Inc stated it has 0.01% in Live Nation Entertainment, Inc. (NYSE:LYV). Moreover, Capstone Advisors Ltd Limited Liability Company has 0.01% invested in Live Nation Entertainment, Inc. (NYSE:LYV) for 12,186 shares. Sei Invs owns 399,826 shares or 0.06% of their US portfolio. Wfg Advisors L P invested in 61 shares or 0% of the stock. The Ontario – Canada-based Edgepoint Grp has invested 0% in Live Nation Entertainment, Inc. (NYSE:LYV).

Live Nation Entertainment, Inc. is a live entertainment company. The company has market cap of $9.55 billion. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. It has a 29031.45 P/E ratio. The Company’s divisions include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation.

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