Rivernorth Capital Management Has Lowered Holding in Mfs Multimarket Income Tr (MMT) by $328,410 as Stock Value Rose; Paychex (PAYX) Stake Has Boosted by Keystone Financial Planning Inc

January 14, 2018 - By Ruchi Gupta

Rivernorth Capital Management Llc decreased its stake in Mfs Multimarket Income Tr (MMT) by 5.28% based on its latest 2017Q3 regulatory filing with the SEC. Rivernorth Capital Management Llc sold 54,735 shares as the company’s stock rose 0.65% with the market. The institutional investor held 981,244 shares of the company at the end of 2017Q3, valued at $6.13M, down from 1.04 million at the end of the previous reported quarter. Rivernorth Capital Management Llc who had been investing in Mfs Multimarket Income Tr for a number of months, seems to be less bullish one the $428.51M market cap company. It closed at $6.06 lastly. It is up 8.49% since January 14, 2017 and is uptrending. It has underperformed by 8.21% the S&P500.

Keystone Financial Planning Inc increased its stake in Paychex (PAYX) by 27.05% based on its latest 2017Q3 regulatory filing with the SEC. Keystone Financial Planning Inc bought 19,008 shares as the company’s stock declined 2.74% while stock markets rallied. The institutional investor held 89,276 shares of the consumer services company at the end of 2017Q3, valued at $5.35 million, up from 70,268 at the end of the previous reported quarter. Keystone Financial Planning Inc who had been investing in Paychex for a number of months, seems to be bullish on the $24.30 billion market cap company. The stock increased 1.20% or $0.8 during the last trading session, reaching $67.66. About 2.02M shares traded or 7.51% up from the average. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since January 14, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.

Rivernorth Capital Management Llc, which manages about $2.15 billion and $1.23B US Long portfolio, upped its stake in Clough Global Equity Fd (GLQ) by 82,506 shares to 1.98M shares, valued at $26.34M in 2017Q3, according to the filing. It also increased its holding in Clough Global Opportunities (GLO) by 282,453 shares in the quarter, for a total of 4.63M shares, and has risen its stake in Voya Prime Rate Tr (NYSE:PPR).

Investors sentiment increased to 1.65 in 2017 Q3. Its up 0.69, from 0.96 in 2017Q2. It improved, as 6 investors sold MMT shares while 11 reduced holdings. 10 funds opened positions while 18 raised stakes. 12.33 million shares or 3.82% less from 12.82 million shares in 2017Q2 were reported. Us Fincl Bank De has 0% invested in MFS Multimarket Income Trust (NYSE:MMT). Pnc Services Grp invested in 11,497 shares. Fiera owns 34,048 shares. Cohen Steers reported 0.01% stake. Lpl Fincl Limited Liability Corp has 0% invested in MFS Multimarket Income Trust (NYSE:MMT) for 11,018 shares. Private Harbour Invest Management And Counsel Ltd Liability Corp holds 12,700 shares or 0.07% of its portfolio. Eaton Vance Mgmt owns 1.09 million shares. Carroll Assoc invested 0% of its portfolio in MFS Multimarket Income Trust (NYSE:MMT). Stellar Mgmt Limited Com reported 0.07% in MFS Multimarket Income Trust (NYSE:MMT). Royal Savings Bank Of Canada holds 0% or 108,026 shares in its portfolio. Wells Fargo And Mn has 0% invested in MFS Multimarket Income Trust (NYSE:MMT) for 1.90M shares. Lakeview Cap Prns Ltd holds 0.08% or 16,210 shares in its portfolio. 1607 Ptnrs Limited Co holds 0.47% or 1.33M shares in its portfolio. First Foundation Advsrs accumulated 0.2% or 577,128 shares. The Minnesota-based Sit Investment Associate Inc has invested 0.17% in MFS Multimarket Income Trust (NYSE:MMT).

Among 18 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 2 Sell and 15 Hold. Therefore 6% are positive. Paychex had 43 analyst reports since August 14, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 4 by Wells Fargo. The rating was upgraded by Citigroup to “Hold” on Monday, December 4. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Buy” rating given on Friday, December 16 by Goldman Sachs. On Thursday, December 21 the stock rating was maintained by Robert W. Baird with “Hold”. On Wednesday, June 28 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock has “Sell” rating by Compass Point on Thursday, December 22. The firm has “Hold” rating by BMO Capital Markets given on Thursday, December 21. The stock has “Sell” rating by RBC Capital Markets on Sunday, September 10. The company was maintained on Wednesday, October 4 by Citigroup. RBC Capital Markets maintained the stock with “Underperform” rating in Thursday, October 1 report.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.01, from 1.03 in 2017Q2. It is negative, as 57 investors sold PAYX shares while 263 reduced holdings. 65 funds opened positions while 260 raised stakes. 238.82 million shares or 0.48% more from 237.67 million shares in 2017Q2 were reported. Aqr Limited Liability Company accumulated 351,931 shares. Norris Perne & French Ltd Liability Partnership Mi holds 0.06% or 6,800 shares in its portfolio. Ironwood Counsel Ltd Co owns 25,790 shares or 0.63% of their US portfolio. First Allied Advisory Ser has 0.04% invested in Paychex, Inc. (NASDAQ:PAYX). Shelton owns 64,352 shares. Suntrust Banks reported 101,342 shares. Moreover, Denver Inv Ltd has 0.01% invested in Paychex, Inc. (NASDAQ:PAYX). 28,642 were accumulated by Stratos Wealth Partners Ltd. Commonwealth Commercial Bank Of Australia reported 16,091 shares stake. Jpmorgan Chase & Company holds 0.01% or 594,723 shares in its portfolio. Wright Investors Serv Incorporated holds 6,107 shares. The Massachusetts-based Bollard Llc has invested 0.16% in Paychex, Inc. (NASDAQ:PAYX). Signaturefd Limited Liability holds 0.04% or 4,995 shares. Mutual Of America Capital Lc invested in 0.04% or 40,613 shares. Avalon Advsr Ltd Liability invested 0.52% of its portfolio in Paychex, Inc. (NASDAQ:PAYX).

Since September 25, 2017, it had 0 insider buys, and 6 sales for $7.89 million activity. 34,311 shares were sold by Gioja Michael E, worth $2.36M on Thursday, January 4. Another trade for 29,786 shares valued at $1.88 million was made by MUCCI MARTIN on Thursday, October 5. 11,155 Paychex, Inc. (NASDAQ:PAYX) shares with value of $703,546 were sold by Vossler Jennifer R..

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