Kelly Svcs (KELYA) Holder Acadian Asset Management Boosted Position by $870,650; As Qualcomm (QCOM) Valuation Rose, Cornerstone Investment Partners Increased Position by $1.84 Million

January 14, 2018 - By Adrian Mccoy

Acadian Asset Management Llc increased its stake in Kelly Svcs Inc (KELYA) by 29.78% based on its latest 2017Q3 regulatory filing with the SEC. Acadian Asset Management Llc bought 34,826 shares as the company’s stock rose 9.55% with the market. The institutional investor held 151,784 shares of the technology company at the end of 2017Q3, valued at $3.81M, up from 116,958 at the end of the previous reported quarter. Acadian Asset Management Llc who had been investing in Kelly Svcs Inc for a number of months, seems to be bullish on the $1.09 billion market cap company. The stock increased 0.42% or $0.12 during the last trading session, reaching $28.55. About 102,748 shares traded. Kelly Services, Inc. (NASDAQ:KELYA) has risen 29.59% since January 14, 2017 and is uptrending. It has outperformed by 12.89% the S&P500.

Cornerstone Investment Partners Llc increased its stake in Qualcomm Inc. (QCOM) by 127.16% based on its latest 2017Q3 regulatory filing with the SEC. Cornerstone Investment Partners Llc bought 36,018 shares as the company’s stock rose 2.14% with the market. The institutional investor held 64,344 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $3.34 million, up from 28,326 at the end of the previous reported quarter. Cornerstone Investment Partners Llc who had been investing in Qualcomm Inc. for a number of months, seems to be bullish on the $96.81 billion market cap company. The stock decreased 0.08% or $0.05 during the last trading session, reaching $65.38. About 5.01 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since January 14, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Acadian Asset Management Llc, which manages about $65.15 billion and $22.61B US Long portfolio, decreased its stake in Smucker J M Co (NYSE:SJM) by 3,927 shares to 218 shares, valued at $23,000 in 2017Q3, according to the filing. It also reduced its holding in Noble Midstream Partners Lp by 19,773 shares in the quarter, leaving it with 59,692 shares, and cut its stake in International Seaways Inc.

Since August 20, 2017, it had 0 insider buys, and 5 sales for $3.11 million activity. 4,740 shares were sold by STERLING MICHELLE M, worth $245,919. 43,000 QUALCOMM Incorporated (NASDAQ:QCOM) shares with value of $2.81 million were sold by GROB MATTHEW S.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.13, from 0.98 in 2017Q2. It worsened, as 83 investors sold QCOM shares while 490 reduced holdings. 89 funds opened positions while 397 raised stakes. 1.10 billion shares or 0.88% less from 1.11 billion shares in 2017Q2 were reported. Pub Employees Retirement Association Of Colorado stated it has 0.1% in QUALCOMM Incorporated (NASDAQ:QCOM). Argent Tru has invested 0.3% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). 385,004 were reported by Endurance Wealth. Veritable LP holds 0.06% or 50,945 shares. Smith Salley And holds 60,799 shares. Df Dent & accumulated 382,740 shares or 0.51% of the stock. 57 were accumulated by Smith Asset Mngmt Group L P. Pennsylvania Trust stated it has 0.36% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Tctc Holdg Llc invested 0.71% in QUALCOMM Incorporated (NASDAQ:QCOM). Cardinal Cap Mgmt Inc has invested 0.05% in QUALCOMM Incorporated (NASDAQ:QCOM). Engineers Gate Manager Lp has invested 0.38% in QUALCOMM Incorporated (NASDAQ:QCOM). City Hldgs reported 23,386 shares stake. Plante Moran Fincl Advsr Ltd Liability Company, a Michigan-based fund reported 484 shares. Security Commercial Bank Of Sioux City Iowa Ia invested in 1.01% or 20,006 shares. Wafra Investment Advisory Gru stated it has 323,984 shares or 0.82% of all its holdings.

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 1 Sell and 20 Hold. Therefore 42% are positive. Qualcomm Inc. had 122 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 20 by Nomura. The firm has “Buy” rating given on Friday, June 23 by Northland Capital. Susquehanna maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, June 15 with “Buy” rating. The stock has “Buy” rating by Canaccord Genuity on Thursday, July 20. JP Morgan downgraded the shares of QCOM in report on Wednesday, December 14 to “Neutral” rating. The firm earned “Buy” rating on Monday, October 31 by Nomura. Mizuho maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Tuesday, September 6. Mizuho has “Neutral” rating and $59 target. The rating was downgraded by Nomura on Monday, January 23 to “Neutral”. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Thursday, November 10. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, June 28.

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