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As Newmont Mining (NEM) Shares Declined, Mirae Asset Global Investments Has Decreased Stake; Automatic Data Processing (ADP) Holder Hendershot Investments Trimmed Its Stake

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 $2.32M, 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 $52.15 billion market cap company. The stock increased 1.92% or $2.22 during the last trading session, reaching $117.65. About 1.56 million shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 15.83% since February 24, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

Mirae Asset Global Investments decreased its stake in Newmont Mining Corp (NEM) by 15.93% based on its latest 2017Q3 regulatory filing with the SEC. Mirae Asset Global Investments sold 18,745 shares as the company’s stock declined 9.13% while stock markets rallied. The institutional investor held 98,960 shares of the precious metals company at the end of 2017Q3, valued at $3.71 million, down from 117,705 at the end of the previous reported quarter. Mirae Asset Global Investments who had been investing in Newmont Mining Corp for a number of months, seems to be less bullish one the $20.64B market cap company. The stock increased 2.82% or $1.06 during the last trading session, reaching $38.69. About 4.81 million shares traded. Newmont Mining Corporation (NYSE:NEM) has declined 1.49% since February 24, 2017 and is downtrending. It has underperformed by 18.19% the S&P500.

Investors sentiment increased to 1.4 in 2017 Q3. Its up 0.47, from 0.93 in 2017Q2. It is positive, as 35 investors sold NEM shares while 147 reduced holdings. 85 funds opened positions while 169 raised stakes. 427.26 million shares or 26.53% more from 337.68 million shares in 2017Q2 were reported. M&T Financial Bank has invested 0.01% in Newmont Mining Corporation (NYSE:NEM). Sei Co invested in 0.02% or 137,433 shares. New York-based Cibc Markets Corp has invested 0.12% in Newmont Mining Corporation (NYSE:NEM). 326,000 are held by Arrowmark Colorado Ltd Liability. Tarbox Family Office, a California-based fund reported 296 shares. Manufacturers Life Insurance Comm The invested 0.03% in Newmont Mining Corporation (NYSE:NEM). Point72 Asia (Hong Kong) Ltd, Hong Kong-based fund reported 56 shares. U S Glob Invsts holds 100,000 shares. Bankshares Of Montreal Can invested in 0.07% or 2.17M shares. Caisse De Depot Et Placement Du Quebec accumulated 0.01% or 168,000 shares. Bank Of America De owns 2.59M shares for 0.02% of their portfolio. Daiwa Securities Group Inc stated it has 15,350 shares or 0% of all its holdings. Gabelli Funds Ltd Liability Corp, New York-based fund reported 2.73 million shares. Ubs Asset Americas reported 2.05M shares or 0.07% of all its holdings. Rampart Inv Mgmt Co Ltd Limited Liability Company reported 7,376 shares.

Since September 1, 2017, it had 0 insider buys, and 11 insider sales for $1.16 million activity. Goldberg Gary J also sold $37,350 worth of Newmont Mining Corporation (NYSE:NEM) shares. The insider Lawson Scott P sold 5,000 shares worth $189,250. $229,311 worth of Newmont Mining Corporation (NYSE:NEM) shares were sold by Engel E Randall. $392,268 worth of stock was sold by Dorward-King Elaine J on Wednesday, September 20.

Mirae Asset Global Investments, which manages about $4.74 billion and $5.50 billion US Long portfolio, upped its stake in Electronic Arts Inc (NASDAQ:EA) by 3,727 shares to 15,180 shares, valued at $1.78 million in 2017Q3, according to the filing. It also increased its holding in Canadian Pac Ry Ltd (NYSE:CP) by 6,450 shares in the quarter, for a total of 9,239 shares, and has risen its stake in General Mtrs Co (NYSE:GM).

Among 24 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Newmont Mining Corporation had 85 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Tuesday, November 14 with “Buy”. The stock of Newmont Mining Corporation (NYSE:NEM) earned “Buy” rating by Scotia Capital on Monday, January 15. The company was maintained on Wednesday, April 26 by Scotia Capital. Mackie upgraded Newmont Mining Corporation (NYSE:NEM) on Monday, October 31 to “Buy” rating. RBC Capital Markets maintained it with “Hold” rating and $45.0 target in Friday, February 2 report. On Friday, March 18 the stock rating was downgraded by Standpoint Research to “Hold”. The rating was maintained by Credit Suisse with “Buy” on Friday, April 28. Citigroup initiated Newmont Mining Corporation (NYSE:NEM) on Tuesday, August 2 with “Buy” rating. RBC Capital Markets maintained the stock with “Hold” rating in Monday, August 28 report. The rating was upgraded by Mackie to “Buy” on Thursday, October 29.

Since September 1, 2017, it had 0 insider buys, and 32 sales for $45.48 million activity. $67,290 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Black Maria. The insider O’Brien Dermot J sold $2.91 million. $755,123 worth of stock was sold by Ayala John on Tuesday, January 2. 2,991 shares were sold by Perrotti Thomas J, worth $318,688. $184,720 worth of stock was sold by Dyson Deborah L on Tuesday, January 2. Albinson Brock also sold $115,319 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Monday, January 22.

Investors sentiment decreased to 0.68 in Q3 2017. Its down 0.09, from 0.77 in 2017Q2. It dived, 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. Prudential Public Ltd Company reported 0.01% stake. Lodestar Counsel Limited Liability Company Il has 0.12% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Pitcairn holds 0.03% or 2,345 shares. Edgemoor Inv Advisors Inc owns 2,708 shares. Bartlett Comm has invested 0.68% in Automatic Data Processing, Inc. (NASDAQ:ADP). Shayne & Limited Co invested in 19,586 shares. Washington Trust National Bank accumulated 4,230 shares. Dowling Yahnke Lc reported 40,532 shares. Moreover, Tradewinds Capital Ltd Liability Co has 0.04% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Fairview Capital Inv Mgmt Limited Company holds 0.06% or 9,311 shares in its portfolio. 75,900 were accumulated by Broderick Brian C. Credit Suisse Ag holds 0.09% or 890,895 shares. Fincl Advisers Limited Liability Com invested 0.02% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Security National Co has invested 1.59% in Automatic Data Processing, Inc. (NASDAQ:ADP). Dsc Advsr LP reported 3,381 shares.

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. As per Monday, August 31, the company rating was upgraded by William Blair. The firm has “Outperform” rating by Bernstein given on Tuesday, October 31. As per Monday, May 2, the company rating was maintained by RBC Capital Markets. Citigroup maintained Automatic Data Processing, Inc. (NASDAQ:ADP) rating on Friday, July 29. Citigroup has “Neutral” rating and $90 target. Goldman Sachs upgraded the stock to “Buy” rating in Friday, December 16 report. The stock has “Underweight” rating by Morgan Stanley on Thursday, August 3. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Overweight” rating by Barclays Capital on Tuesday, December 20. The rating was maintained by Barclays Capital on Thursday, October 26 with “Equal-Weight”. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, October 3 report. The stock has “Hold” rating by BMO Capital Markets on Tuesday, September 12.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on May, 2. They expect $1.44 EPS, up 9.92% or $0.13 from last year’s $1.31 per share. ADP’s profit will be $638.31M for 20.43 P/E if the $1.44 EPS becomes a reality. After $0.99 actual EPS reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts 45.45% EPS growth.

Hendershot Investments Inc, which manages about $236.98 million and $234.79M US Long portfolio, upped its stake in Genuine Parts Co (NYSE:GPC) by 6,563 shares to 22,819 shares, valued at $2.18M 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 Gentex Corp (NASDAQ:GNTX).

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