Sells 2559 Shares of Automatic Data Processing (ADP)

Lloyd Doyle
October 13, 2017

The stock increased 0.44% or $0.5 during the last trading session, reaching $113.59.

Automatic Data Processing (NYSE:ADP) last released its quarterly earnings results on Thursday, July 27th. It has underperformed by 0.87% the S&P500. Goelzer Investment Management Inc. now owns 4,239 shares of the business services provider's stock valued at $434,000 after purchasing an additional 12 shares during the last quarter. Over the last ninety days, insiders sold 40,657 shares of company stock worth $4,457,476. The stock increased 2.27% or $1.88 during the last trading session, reaching $84.74. About shares traded. New Gold Inc.

Automatic Data Processing (NYSE:ADP) last issued its quarterly earnings data on Wednesday, May 3rd. It has outperformed by 28.95% the S&P500.

Investors sentiment increased to 1.2 in 2017 Q2. Its up 0.03, from 1.17 in 2017Q1.

Several other large investors also recently modified their holdings of the company. After the latest check-in, shares are -3.30% off of the 50 day high and 2.98% away from the 50 day low number. (NASDAQ:SNPS) or 198,622 shares. Fincl Architects Inc holds 0.01% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS) for 677 shares. Centers Of America accumulated 0.24% or 46,550 shares. Mitsubishi Ufj Tru And Banking reported 0.05% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS). 15,166 are owned by Advantus Cap Management Incorporated. Moreover, Raymond James & Assocs has 0% invested in Antero Resources Corp (NYSE:AR) for 54,443 shares. Rampart Invest Management Ltd Liability Com holds 0.05% or 1,951 shares. Regions Financial owns 0.01% invested in Synopsys, Inc. (NASDAQ:SNPS) for 12,496 shares. First Limited Partnership reported 660,441 shares stake. Ent Fincl Serv Corporation accumulated 0.19% or 3,679 shares. State Of Wisconsin Invest Board has 167,115 shares for 0.04% of their portfolio.

Ubs Global Asset Management Americas Inc increased Vanguard Mun Bd Fd Inc stake by 4,998 shares to 469,127 valued at $24.08 billion in 2017Q2. Renaissance Re Hldg Com Usd1 (NYSE:RNR) was raised too.

Sells 2559 Shares of Automatic Data Processing (ADP)
Sells 2559 Shares of Automatic Data Processing (ADP)

Among 36 analysts covering Citigroup Inc.

07/28/2017 - Automatic Data Processing, Inc. had its "hold" rating reiterated by analysts at Stifel Nicolaus. Therefore 71% are positive. Automatic Data had 38 analyst reports since August 3, 2015 according to SRatingsIntel. Benchmark initiated Synopsys, Inc. The company was maintained on Thursday, June 1 by BMO Capital Markets. On Monday, August 3 the stock rating was maintained by RBC Capital Markets with "Sector Perform". Benchmark maintained Synopsys, Inc. (NASDAQ:SNPS) rating on Thursday, August 18. Benchmark has "Hold" rating and $60 target. Barclays PLC lowered shares of Automatic Data Processing from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $110.00 to $105.00 in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The stock of Synopsys, Inc. The rating was upgraded by William Blair to "Outperform" on Monday, August 31. BidaskClub lowered shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a report on Friday, September 15th. Automatic Data Processing presently has a consensus rating of "Hold" and an average price target of $101.21.

Since May 17, 2017, it had 2 insider buys, and 1 insider sale for $15.27 million activity. Shares for $355,226 were sold by Logan Joseph W.

Here we'll take a quick glance at how the stock price is now trading in relation to some of its simple moving averages. DE GEUS AART also sold $18.75 million worth of Synopsys, Inc. (NASDAQ:SNPS) or 3,750 shares. ADP's profit would be $377.72M giving it 33.29 P/E if the $0.85 EPS is correct. After $0.65 actual EPS reported by Automatic Data Processing for the previous quarter, Wall Street now forecasts 30.77% EPS growth. Its down 0.06, from 0.83 in 2017Q1. It dropped, as 62 investors sold ADP shares while 426 reduced holdings. IL raised its stake in shares of Automatic Data Processing by 2.4% during the second quarter. Causeway Cap Mgmt Ltd reported 6.61 million shares.

The share price of Automatic Data Processing, Inc. Ajo Lp holds 0.01% or 100,776 shares. Veritable L P, a Pennsylvania-based fund reported 79,613 shares. Hartford Inv Mngmt holds 0.28% or 140,797 shares in its portfolio.

Analysts await Automatic Data Processing (NASDAQ:ADP) to report earnings on November, 1. Evanson Asset Limited Liability Corp stated it has 2,193 shares. Comerica Securities has invested 0.04% in Automatic Data Processing (NASDAQ:ADP). Albert D Mason Inc has invested 2.12% in Automatic Data Processing (NASDAQ:ADP). The original version of this piece of content can be viewed at ADP price is down almost -7.68% from its 52-week high price of $121.77 a share but is up about 24.41% from its 52-week low price of $85.48 a share.

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