Connor Clark & Lunn Investment Management LTD Upped Its Position in Liberty Tripadvisor Holdings (LTRPA) by $358,896; Fundsmith Llp Raised Stake in Automatic Data Processing (ADP) by $41.08 Million as Share Value Declined

February 15, 2018 - By Adrian Mccoy

Fundsmith Llp increased its stake in Automatic Data Processing (ADP) by 7.28% based on its latest 2017Q3 regulatory filing with the SEC. Fundsmith Llp bought 376,897 shares as the company’s stock declined 1.06% while stock markets rallied. The institutional investor held 5.55 million shares of the technology company at the end of 2017Q3, valued at $605.41M, up from 5.18 million at the end of the previous reported quarter. Fundsmith Llp who had been investing in Automatic Data Processing for a number of months, seems to be bullish on the $50.97B market cap company. The stock increased 2.02% or $2.28 during the last trading session, reaching $114.99. About 817,160 shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 15.83% since February 15, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

Connor Clark & Lunn Investment Management Ltd increased its stake in Liberty Tripadvisor Holdings Inc (LTRPA) by 20.67% based on its latest 2017Q3 regulatory filing with the SEC. Connor Clark & Lunn Investment Management Ltd bought 29,908 shares as the company’s stock declined 10.06% while stock markets rallied. The institutional investor held 174,608 shares of the technology company at the end of 2017Q3, valued at $2.16M, up from 144,700 at the end of the previous reported quarter. Connor Clark & Lunn Investment Management Ltd who had been investing in Liberty Tripadvisor Holdings Inc for a number of months, seems to be bullish on the $833.73M market cap company. The stock increased 2.78% or $0.3 during the last trading session, reaching $11.1. About 2.69 million shares traded or 183.31% up from the average. Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) has declined 34.45% since February 15, 2017 and is downtrending. It has underperformed by 51.15% the S&P500.

Fundsmith Llp, which manages about $2.92 billion and $10.33 billion US Long portfolio, decreased its stake in Bard (NYSE:BCR) by 18,871 shares to 2.53M shares, valued at $807.23M in 2017Q3, according to the filing.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 4 have Buy rating, 2 Sell and 13 Hold. Therefore 21% are positive. Automatic Data had 57 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, November 3 by BMO Capital Markets. The stock has “Neutral” rating by Bank of America on Friday, October 13. Barclays Capital initiated the stock with “Overweight” rating in Tuesday, December 20 report. Stifel Nicolaus maintained Automatic Data Processing, Inc. (NASDAQ:ADP) rating on Monday, January 30. Stifel Nicolaus has “Hold” rating and $105 target. The firm earned “Equal-Weight” rating on Thursday, February 1 by Barclays Capital. The firm earned “Equal-Weight” rating on Tuesday, November 14 by Morgan Stanley. Robert W. Baird maintained it with “Hold” rating and $128.0 target in Wednesday, January 31 report. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Sector Perform” rating by RBC Capital Markets on Monday, August 3. The rating was maintained by Argus Research on Tuesday, November 3 with “Buy”. The firm has “Buy” rating by Argus Research given on Tuesday, May 3.

Investors sentiment decreased to 0.68 in Q3 2017. Its down 0.09, from 0.77 in 2017Q2. It fall, 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. Fny Managed Accounts Ltd Com reported 0.02% in Automatic Data Processing, Inc. (NASDAQ:ADP). Bar Harbor Tru reported 0.4% stake. Cincinnati Casualty has invested 6.76% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Lipe & Dalton holds 409 shares or 0.03% of its portfolio. Regentatlantic Cap Limited Liability reported 12,251 shares or 0.12% of all its holdings. Harbour Invest Mngmt Limited Company has 24,860 shares. Hyman Charles D has invested 0.03% in Automatic Data Processing, Inc. (NASDAQ:ADP). Invest Centers Of America reported 0.05% stake. Moreover, Ronna Sue Cohen has 1.95% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). The New York-based Pershing Square Capital Management LP has invested 18.81% in Automatic Data Processing, Inc. (NASDAQ:ADP). Hanson & Doremus Invest Management, a Vermont-based fund reported 825 shares. Atria Invs Limited Com invested in 22,769 shares. Federated Invsts Pa reported 16,699 shares. Fmr Limited Co reported 695,206 shares stake. Hightower Advsr Ltd Liability Com invested in 143,934 shares.

Since September 1, 2017, it had 0 insider buys, and 31 selling transactions for $37.63 million activity. Rodriguez Carlos A sold 95,756 shares worth $11.31M. $263,968 worth of stock was sold by Weinstein Donald on Tuesday, January 2. Shares for $2.34 million were sold by Flynn Edward B III on Sunday, December 31. Perrotti Thomas J also sold $7,980 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) shares. 238 Automatic Data Processing, Inc. (NASDAQ:ADP) shares with value of $28,953 were sold by Sackman Stuart. 1,592 shares valued at $184,720 were sold by Dyson Deborah L on Tuesday, January 2.

Connor Clark & Lunn Investment Management Ltd, which manages about $26.75B and $16.66 billion US Long portfolio, decreased its stake in Canadian Natural Resources Ltd. (NYSE:CNQ) by 2.32 million shares to 2.65M shares, valued at $88.49M in 2017Q3, according to the filing. It also reduced its holding in Netease.Com Inc (NASDAQ:NTES) by 28,735 shares in the quarter, leaving it with 3,000 shares, and cut its stake in Fidelity Southern Corp (NASDAQ:LION).

Among 2 analysts covering Liberty TripAdvisor (NASDAQ:LTRPA), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Liberty TripAdvisor had 2 analyst reports since November 6, 2015 according to SRatingsIntel. On Wednesday, January 18 the stock rating was initiated by Miller Tabak with “Hold”. Guggenheim downgraded Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) on Friday, November 6 to “Neutral” rating.

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