Hendershot Investments Has Cut Its Stake in Automatic Data Processing (ADP) by $2.31 Million as Shares Declined; Lyon Street Capital Increases Stake in Assembly Biosciences (ASMB)

February 19, 2018 - By Hazel Jackson

Brian C. Freckmann increased its stake in Assembly Biosciences Inc (ASMB) by 9.72% based on its latest 2017Q3 regulatory filing with the SEC. Lyon Street Capital Llc bought 13,243 shares as the company’s stock rose 15.96% with the market. The hedge fund run by Brian C. Freckmann held 149,443 shares of the health care company at the end of 2017Q3, valued at $5.22 million, up from 136,200 at the end of the previous reported quarter. Lyon Street Capital Llc who had been investing in Assembly Biosciences Inc for a number of months, seems to be bullish on the $1.14 billion market cap company. The stock decreased 1.83% or $1.06 during the last trading session, reaching $56.82. About 188,403 shares traded or 14.45% up from the average. Assembly Biosciences, Inc. (NASDAQ:ASMB) has risen 353.70% since February 19, 2017 and is uptrending. It has outperformed by 337.00% the S&P500.

Hendershot Investments Inc decreased its stake in Automatic Data Processing (ADP) by 49.99% based on its latest 2017Q3 regulatory filing with the SEC. Hendershot Investments Inc sold 21,204 shares as the company’s stock declined 1.06% while stock markets rallied. The institutional investor held 21,210 shares of the technology company at the end of 2017Q3, valued at $2.32 million, down from 42,414 at the end of the previous reported quarter. Hendershot Investments Inc who had been investing in Automatic Data Processing for a number of months, seems to be less bullish one the $51.50B market cap company. The stock increased 0.58% or $0.67 during the last trading session, reaching $116.18. About 1.45M shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 15.83% since February 19, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.




Among 3 analysts covering Assembly Biosciences (NASDAQ:ASMB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Assembly Biosciences had 3 analyst reports since November 8, 2017 according to SRatingsIntel.

Lyon Street Capital Llc, which manages about $432.26M and $259.37 million US Long portfolio, decreased its stake in Callidus Software Inc (NASDAQ:CALD) by 37,560 shares to 212,756 shares, valued at $5.24 million in 2017Q3, according to the filing. It also reduced its holding in Axogen Inc (NASDAQ:AXGN) by 87,335 shares in the quarter, leaving it with 213,749 shares, and cut its stake in Grand Canyon Ed Inc (NASDAQ:LOPE).

Since September 1, 2017, it had 0 buys, and 32 insider sales for $45.48 million activity. $213,820 worth of stock was sold by Black Maria on Tuesday, January 16. On Tuesday, January 9 Flynn Edward B III sold $928,498 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) or 7,886 shares. $7.85 million worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Rodriguez Carlos A. Sackman Stuart also sold $55,346 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) shares. 20,909 shares were sold by Politi Douglas W, worth $2.42M on Monday, January 1. Shares for $3.53 million were sold by Bonarti Michael A on Tuesday, January 23.

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. Bernstein upgraded the stock to “Outperform” rating in Monday, July 11 report. Wedbush initiated it with “Neutral” rating and $100 target in Friday, September 9 report. RBC Capital Markets maintained Automatic Data Processing, Inc. (NASDAQ:ADP) rating on Wednesday, September 13. RBC Capital Markets has “Hold” rating and $95.0 target. The rating was downgraded by William Blair to “Market Perform” on Friday, July 21. On Friday, July 28 the stock rating was maintained by BMO Capital Markets with “Outperform”. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Equal-Weight” rating given on Tuesday, November 14 by Morgan Stanley. The firm earned “Hold” rating on Friday, January 12 by Citigroup. Evercore upgraded the shares of ADP in report on Monday, July 31 to “In-Line” rating. The firm has “Hold” rating given on Wednesday, August 30 by Robert W. Baird. The firm has “Hold” rating given on Wednesday, January 31 by BMO Capital Markets.

Hendershot Investments Inc, which manages about $236.98M and $234.79 million US Long portfolio, upped its stake in Starbucks Corp (NASDAQ:SBUX) by 7,385 shares to 93,424 shares, valued at $5.02M in 2017Q3, according to the filing. It also increased its holding in Bioverativ Inc by 6,893 shares in the quarter, for a total of 16,855 shares, and has risen its stake in Fastenal Co (NASDAQ:FAST).

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. Jacobs Ca has 32,217 shares for 0.66% of their portfolio. Cardinal Management holds 1.71% or 49,438 shares. Howland Management Ltd Liability holds 0.84% or 93,301 shares in its portfolio. Stifel Corp holds 0.11% or 292,848 shares. Nationwide Fund Advsr invested in 0.1% or 238,376 shares. Great Lakes Advsrs Ltd accumulated 28,187 shares or 0.07% of the stock. Argent Tru accumulated 5,435 shares or 0.16% of the stock. Comerica National Bank has 213,035 shares. M&T Bancorp holds 0.31% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 523,800 shares. Bp Public Ltd Company reported 27,000 shares stake. Tradition Capital Mngmt Ltd Liability owns 4,950 shares for 0.18% of their portfolio. Jones Financial Lllp holds 0% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 3,057 shares. Telemus Cap Limited Liability Corporation has 2,775 shares for 0.05% of their portfolio. Beck Mack & Oliver Limited Company invested in 4,401 shares or 0.02% of the stock. Reik And owns 0.19% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 5,230 shares.

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