Hendley & Co Raised Stake in Visa (V) as Market Value Rose; As Auto Data Processing (ADP) Share Price Declined, Holder Penobscot Investment Management Company Cut by $813,576 Its Stake

January 14, 2018 - By Peter Kolinski

Penobscot Investment Management Company Inc decreased its stake in Auto Data Processing (ADP) by 15.11% based on its latest 2017Q3 regulatory filing with the SEC. Penobscot Investment Management Company Inc sold 7,464 shares as the company’s stock declined 1.06% while stock markets rallied. The institutional investor held 41,934 shares of the technology company at the end of 2017Q3, valued at $4.58 million, down from 49,398 at the end of the previous reported quarter. Penobscot Investment Management Company Inc who had been investing in Auto Data Processing for a number of months, seems to be less bullish one the $52.54B market cap company. The stock increased 1.10% or $1.29 during the last trading session, reaching $118.47. About 1.64M shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 15.83% since January 14, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

Hendley & Co Inc increased its stake in Visa Inc. (V) by 13.57% based on its latest 2017Q3 regulatory filing with the SEC. Hendley & Co Inc bought 10,244 shares as the company’s stock rose 5.74% with the market. The institutional investor held 85,759 shares of the business services company at the end of 2017Q3, valued at $9.03 million, up from 75,515 at the end of the previous reported quarter. Hendley & Co Inc who had been investing in Visa Inc. for a number of months, seems to be bullish on the $272.15 billion market cap company. The stock increased 0.21% or $0.25 during the last trading session, reaching $120.09. About 5.59 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since January 14, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Since August 17, 2017, it had 0 insider buys, and 3 selling transactions for $7.43 million activity. 49,702 shares were sold by MAHON TULLIER KELLY, worth $5.65 million. 6,220 shares were sold by MATSCHULLAT ROBERT W, worth $707,561.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.13, from 1.13 in 2017Q2. It turned negative, as 48 investors sold V shares while 617 reduced holdings. 142 funds opened positions while 524 raised stakes. 1.64 billion shares or 1.45% less from 1.66 billion shares in 2017Q2 were reported. Vanguard Group Inc has 128.01M shares. Stonebridge Advisors Ltd Com holds 2.11% of its portfolio in Visa Inc. (NYSE:V) for 81,509 shares. Eagle Mngmt Ltd Company reported 32,057 shares or 1.92% of all its holdings. Moreover, Trb LP has 37.21% invested in Visa Inc. (NYSE:V) for 477,500 shares. Meiji Yasuda Asset Mgmt accumulated 133,792 shares. Blue Inc holds 29,551 shares. Bbva Compass Retail Bank holds 160,550 shares or 1.1% of its portfolio. Northwest Inv Counselors Ltd Liability holds 318 shares or 0.01% of its portfolio. Chilton Capital Ltd Liability Com owns 1.19% invested in Visa Inc. (NYSE:V) for 117,472 shares. Glg Prns LP has invested 1.66% in Visa Inc. (NYSE:V). Nbt Bankshares N A New York owns 6,131 shares or 0.1% of their US portfolio. Kelly Lawrence W Assocs Ca holds 160,071 shares or 3.21% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt has invested 0.59% of its portfolio in Visa Inc. (NYSE:V). Hengistbury Invest Partners Llp owns 70.08% invested in Visa Inc. (NYSE:V) for 2.33M shares. Benedict Fincl Inc holds 0.94% in Visa Inc. (NYSE:V) or 17,350 shares.

Among 40 analysts covering Visa Inc. (NYSE:V), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. Visa Inc. had 101 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Guggenheim on Monday, December 5. The stock has “Buy” rating by Loop Capital on Wednesday, February 15. Guggenheim initiated the stock with “Buy” rating in Thursday, October 8 report. The rating was initiated by Sterne Agee CRT with “Buy” on Thursday, December 17. The firm has “Outperform” rating given on Thursday, October 22 by Wells Fargo. Instinet maintained it with “Buy” rating and $120 target in Friday, July 21 report. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Tuesday, October 25 by Stifel Nicolaus. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 29. The rating was maintained by Keefe Bruyette & Woods on Friday, August 11 with “Buy”. The company was maintained on Friday, July 21 by UBS.

Penobscot Investment Management Company Inc, which manages about $361.63M and $333.98 million US Long portfolio, upped its stake in Spdr Barclays Invest Grad (FLRN) by 282,835 shares to 352,565 shares, valued at $10.84M in 2017Q3, according to the filing. It also increased its holding in Fedex Corp (NYSE:FDX) by 1,834 shares in the quarter, for a total of 3,160 shares, and has risen its stake in Du Pont E I De Nemours (NYSE:DD).

Investors sentiment decreased to 0.68 in 2017 Q3. Its down 0.09, from 0.77 in 2017Q2. It worsened, as 60 investors sold ADP shares while 457 reduced holdings. 109 funds opened positions while 241 raised stakes. 342.26 million shares or 3.77% less from 355.68 million shares in 2017Q2 were reported. Polen Ltd invested in 6.81M shares or 6% of the stock. 2.18 million were accumulated by Renaissance Lc. Kistler invested in 1,903 shares or 0.09% of the stock. Grisanti Capital Management Ltd Liability Corp reported 0.05% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Alphaone Invest Svcs Limited Liability Com reported 1,036 shares stake. Blackrock reported 30.36M shares. Cleararc Cap reported 11,428 shares. Aviva Public Ltd owns 0.17% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 284,503 shares. Employees Retirement System Of Ohio holds 0.18% or 309,760 shares. Sterling Lc holds 74,988 shares or 0.08% of its portfolio. Moreover, First Tru has 0.59% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 46,528 shares. Palisade Asset Management Llc holds 27,086 shares or 0.55% of its portfolio. Front Barnett Assoc Limited Liability Corporation reported 4,700 shares. Charter holds 70,290 shares. Fjarde Ap invested 0.23% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP).

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on February, 7. They expect $0.89 earnings per share, up 2.30% or $0.02 from last year’s $0.87 per share. ADP’s profit will be $394.70M for 33.28 P/E if the $0.89 EPS becomes a reality. After $0.91 actual earnings per share reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts -2.20% negative EPS growth.

Since September 1, 2017, it had 0 insider buys, and 19 sales for $30.33 million activity. O’Brien Dermot J sold $437,011 worth of stock. Another trade for 6,843 shares valued at $729,738 was made by Ayala John on Friday, September 1. 3,900 shares were sold by Bonarti Michael A, worth $452,517. Siegmund Jan sold $5.68M worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Monday, January 1. Albinson Brock sold 1,373 shares worth $159,309. 2,239 shares were sold by Black Maria, worth $259,156 on Tuesday, January 2.

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