Brown Capital Management Cut Bio Techne (TECH) Holding By $12.05 Million; Ontario Teachers Pension Plan Board Trimmed Automatic Data Processing In (ADP) Stake

April 23, 2018 - By Peter Erickson

Bio-Techne Corporation (NASDAQ:TECH) Logo

Ontario Teachers Pension Plan Board decreased Automatic Data Processing In (ADP) stake by 29.76% reported in 2017Q4 SEC filing. Ontario Teachers Pension Plan Board sold 225,896 shares as Automatic Data Processing In (ADP)’s stock declined 3.95%. The Ontario Teachers Pension Plan Board holds 533,250 shares with $62.49 million value, down from 759,146 last quarter. Automatic Data Processing In now has $51.91B valuation. The stock increased 0.22% or $0.26 during the last trading session, reaching $117.1. About 905,225 shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 9.09% since April 23, 2017 and is uptrending. It has underperformed by 2.46% the S&P500.

Brown Capital Management Llc decreased Bio Techne Corp (TECH) stake by 4.41% reported in 2017Q4 SEC filing. Brown Capital Management Llc sold 93,407 shares as Bio Techne Corp (TECH)’s stock rose 14.38%. The Brown Capital Management Llc holds 2.03 million shares with $262.43 million value, down from 2.12 million last quarter. Bio Techne Corp now has $5.77 billion valuation. The stock increased 0.84% or $1.28 during the last trading session, reaching $154.06. About 121,224 shares traded. Bio-Techne Corporation (NASDAQ:TECH) has risen 45.31% since April 23, 2017 and is uptrending. It has outperformed by 33.76% the S&P500.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Automatic Data had 61 analyst reports since August 3, 2015 according to SRatingsIntel. BMO Capital Markets maintained Automatic Data Processing, Inc. (NASDAQ:ADP) on Friday, October 13 with “Hold” rating. The stock has “Outperform” rating by William Blair on Monday, August 31. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, September 12. The firm earned “Outperform” rating on Tuesday, October 31 by Bernstein. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, May 2. The firm has “Equal-Weight” rating given on Tuesday, November 14 by Morgan Stanley. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Hold” rating by BMO Capital Markets on Monday, January 22. Topeka Capital Markets maintained Automatic Data Processing, Inc. (NASDAQ:ADP) on Thursday, October 29 with “Sell” rating. The rating was maintained by BMO Capital Markets on Tuesday, July 11 with “Hold”. The rating was maintained by BMO Capital Markets on Wednesday, January 31 with “Hold”.

Investors sentiment increased to 0.8 in Q4 2017. Its up 0.12, from 0.68 in 2017Q3. It improved, as 50 investors sold ADP shares while 442 reduced holdings. 113 funds opened positions while 282 raised stakes. 338.15 million shares or 1.20% less from 342.26 million shares in 2017Q3 were reported. Wms Prns Limited Co has 3,033 shares for 0.04% of their portfolio. United Services Automobile Association reported 0.17% in Automatic Data Processing, Inc. (NASDAQ:ADP). Moreover, Los Angeles Capital And Equity Inc has 0% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). 4.15M were reported by State Farm Mutual Automobile Ins. House Limited Co holds 0.93% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 65,526 shares. Putnam Invests Ltd reported 105,652 shares stake. Stoneridge Prtnrs Limited Liability Corp accumulated 51,034 shares. Stralem & Company, New York-based fund reported 7,900 shares. Gofen & Glossberg Ltd Liability Corporation Il reported 0.09% in Automatic Data Processing, Inc. (NASDAQ:ADP). Glg Limited Liability Co stated it has 0.19% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). E&G Advsr Lp invested in 0.12% or 2,400 shares. Haverford Financial Incorporated has invested 0.11% in Automatic Data Processing, Inc. (NASDAQ:ADP). Daiwa Secs invested in 55,399 shares. Woodstock reported 79,668 shares. Covenant Multifamily Offices Lc holds 29,170 shares.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on May, 2 before the open. They expect $1.44 EPS, up 9.92% or $0.13 from last year’s $1.31 per share. ADP’s profit will be $638.31 million for 20.33 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.

Ontario Teachers Pension Plan Board increased Fortune Brands Home & Sec In (NYSE:FBHS) stake by 11,315 shares to 129,121 valued at $8.84M in 2017Q4. It also upped Exxon Mobil Corp (NYSE:XOM) stake by 23,061 shares and now owns 315,585 shares. Skyworks Solutions Inc (NASDAQ:SWKS) was raised too.

Since December 31, 2017, it had 0 buys, and 26 selling transactions for $43.49 million activity. Flynn Edward B III sold $2.34M worth of stock or 20,210 shares. On Monday, January 22 the insider Albinson Brock sold $115,319. The insider Black Maria sold $259,156. $92,720 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Perrotti Thomas J on Tuesday, January 23. 28,930 shares were sold by Bonarti Michael A, worth $3.53M on Tuesday, January 23. Another trade for 20,909 shares valued at $2.42 million was sold by Politi Douglas W. $1.19M worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by O’Brien Dermot J.

Investors sentiment decreased to 0.98 in Q4 2017. Its down 0.23, from 1.21 in 2017Q3. It is negative, as 27 investors sold TECH shares while 88 reduced holdings. 34 funds opened positions while 79 raised stakes. 35.53 million shares or 1.06% less from 35.91 million shares in 2017Q3 were reported. Assetmark invested in 0% or 7 shares. Leucadia National holds 2,530 shares. Oppenheimer Asset Mngmt Inc invested in 12,180 shares. 23,985 were reported by Prudential Incorporated. Principal Fincl Grp reported 198,533 shares. Jane Street Grp Ltd Liability Company invested in 3,016 shares. Huntington Comml Bank reported 1,919 shares stake. Atlantic Tru Group Limited Liability Company owns 375 shares. Raymond James And Associate, Florida-based fund reported 14,157 shares. Castleark Management Limited Liability Com stated it has 0.17% in Bio-Techne Corporation (NASDAQ:TECH). Michigan-based Ls Invest Limited Liability Company has invested 0.01% in Bio-Techne Corporation (NASDAQ:TECH). Citigroup holds 0% or 4,765 shares. Eaton Vance Mgmt, Massachusetts-based fund reported 2,535 shares. Aqr Capital Mgmt Ltd Co holds 0% or 8,836 shares. Neuberger Berman Group Inc Incorporated Ltd Liability Co holds 0.25% or 1.68 million shares in its portfolio.

Among 9 analysts covering BIO-TECHNE Corp (NASDAQ:TECH), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. BIO-TECHNE Corp had 23 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was initiated by Citigroup on Thursday, February 9 with “Buy”. The firm has “Buy” rating by Deutsche Bank given on Thursday, March 1. Janney Capital downgraded the shares of TECH in report on Monday, March 27 to “Neutral” rating. The rating was initiated by Wells Fargo with “Hold” on Thursday, July 13. The company was maintained on Monday, October 23 by Robert W. Baird. The stock of Bio-Techne Corporation (NASDAQ:TECH) earned “Buy” rating by Robert W. Baird on Tuesday, February 6. The stock has “Buy” rating by Robert W. Baird on Thursday, January 18. The firm earned “Outperform” rating on Thursday, November 10 by Leerink Swann. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, October 31 report. As per Wednesday, August 9, the company rating was maintained by Deutsche Bank.

Brown Capital Management Llc increased Proto Labs Inc (NYSE:PRLB) stake by 92,395 shares to 3.90 million valued at $401.35 million in 2017Q4. It also upped Manhattan Assocs Inc (NASDAQ:MANH) stake by 737,820 shares and now owns 7.85M shares. Mercadolibre Inc (NASDAQ:MELI) was raised too.

Since February 13, 2018, it had 0 insider purchases, and 1 sale for $680,303 activity. $680,303 worth of Bio-Techne Corporation (NASDAQ:TECH) shares were sold by Dinarello Charles A.

Automatic Data Processing, Inc. (NASDAQ:ADP) Institutional Positions Chart

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