LLC Purchases 935 Shares of Automatic Data Processing (NASDAQ:ADP)

Lloyd Doyle
February 25, 2018

Princeton Portfolio Strategies Group Llc sold 5,983 shares as the company's stock declined 1.06% while stock markets rallied. The institutional investor held 176,470 shares of the prepackaged software company at the end of 2017Q3, valued at $13.15M, down from 180,669 at the end of the previous reported quarter. The stock decreased 0.07% or $0.01 during the last trading session, reaching $14.49. About 26.33M shares traded. (NYSE:SOI) has 0.00% since February 24, 2017 and is. It has outperformed by 17.82% the S&P500.

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. Mountain Pacific Investment Advisers Inc sold 35,539 shares as the company's stock declined 1.06% while stock markets rallied. The Pershing Square Capital Management Lp holds 8.80M shares with $961.85M value, up from 1.75 million last quarter. Berkshire Asset Management Llc who had been investing in Adp for a number of months, seems to be less bullish one the $52.15 billion market cap company. About 52.91M shares traded. Intl Fcstone Inc. acquired a new position in Automatic Data Processing in the second quarter valued at about $1,699,000.

Automatic Data Processing (NASDAQ:ADP) had its price target decreased by equities researchers at BMO Capital Markets from $122.00 to $121.00 in a research report issued on Thursday, February 1st. It has underperformed by 0.87% the S&P500. (NASDAQ:ADP) for 93,301 shares. $659,979 worth of Automatic Data Processing, Inc. They expect $1.44 earnings per share, up 9.92% or $0.13 from last year's $1.31 per share. BABA's profit will be $1.95B for 63.58 P/E if the $0.76 EPS becomes a reality.

Since September 1, 2017, it had 0 insider purchases, and 32 insider sales for $45.48 million activity. Allegis Investment Advisors LLC's holdings in Automatic Data Processing were worth $2,843,000 as of its most recent SEC filing. O'Brien Dermot J sold $437,011 worth of stock or 4,098 shares. Insiders have sold 219,666 shares of company stock worth $25,650,681 over the last quarter. Shares for $928,498 were sold by Flynn Edward B III. During the same period in the prior year, the firm earned $0.87 earnings per share. sell-side analysts anticipate that Automatic Data Processing will post 4.17 EPS for the current fiscal year. (NASDAQ:ADP) shares. The insider Weinstein Donald sold $405,250. (NASDAQ:ADP). Renaissance Tech Ltd Liability Company has invested 0.28% in Automatic Data Processing, Inc. Therefore 21% are positive. During the same quarter in the prior year, the business earned $0.87 EPS. equities analysts predict that Automatic Data Processing will post 4.17 earnings per share for the current fiscal year. RBC Capital Markets maintained it with "Hold" rating and $95.0 target in Wednesday, September 13 report. Wealthcare Advisory Partners LLC bought a new position in shares of Automatic Data Processing during the third quarter valued at about $114,000. William Blair downgraded the shares of ADP in report on Friday, July 21 to "Market Perform" rating. RBC Capital Markets maintained Automatic Data Processing, Inc. BidaskClub cut shares of Automatic Data Processing from a "strong-buy" rating to a "buy" rating in a research note on Thursday, November 2nd. Sanford C. Bernstein raised their target price on Automatic Data Processing from $115.00 to $125.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 31st. The firm earned "Buy" rating on Thursday, January 28 by Jefferies. Geode Capital Mgmt Ltd has invested 0.01% in Verint Systems Inc. (NASDAQ:ADP) on Tuesday, January 2. The firm has "Buy" rating given on Thursday, June 15 by Canaccord Genuity.


Investors sentiment decreased to 0.68 in 2017 Q3. Its down 0.25, from 1.4 in 2017Q2. It dropped, as 60 investors sold ADP shares while 457 reduced holdings.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.89 by $0.10. Taurus Asset Management Ltd Co reported 0.05% in Automatic Data Processing, Inc. (NASDAQ:ADP). Cap One National Association holds 0.02% or 2,565 shares in its portfolio. Capital Innovations Lc accumulated 1.22% or 4,399 shares. Greenleaf Trust reported 5,943 shares stake. Following the completion of the sale, the chief executive officer now directly owns 161,085 shares in the company, valued at $18,088,234.65. Amica Retiree Med Trust invested in 2,677 shares. Harris Associate Ltd Partnership accumulated 3.31 million shares or 0.61% of the stock. (NASDAQ:ADP). York Capital Management Global Lc invested in 0.17% or 72,098 shares. (NASDAQ:ADP) for 27,222 shares. Wheatland Advisors holds 1.14% or 12,200 shares. Naples Limited reported 3,534 shares. (NASDAQ:ADP). Page Arthur B invested in 3.93% or 40,816 shares. Wells Fargo & Company MN now owns 6,794,660 shares of the business services provider's stock worth $696,182,000 after acquiring an additional 190,717 shares during the last quarter. Ontario - Canada-based Bancorp Of Nova Scotia has invested 0.06% in Automatic Data Processing, Inc. Cambridge Investment Rech Inc accumulated 32,272 shares.

Among 3 analysts covering Walker Greenbank PLC (LON:WGB), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 78% are positive. The firm has "Hold" rating by Stifel Nicolaus given on Wednesday, January 31. The firm earned "Neutral" rating on Monday, May 23 by Macquarie Research. The stock has "Buy" rating by N+1 Singer on Wednesday, June 21. The stock has "Neutral" rating by Bank of America on Friday, October 13. The rating was maintained by Investec on Monday, January 11 with "Buy". Finally, Goldman Sachs Group upgraded shares of Automatic Data Processing from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $116.02 to $135.00 in a research note on Monday, December 11th. The firm earned "Overweight" rating on Monday, September 26 by JP Morgan. Shares for $92,720 were sold by Perrotti Thomas J. Another trade for 238 shares valued at $28,953 was sold by Sackman Stuart. $96,360 worth of Oshkosh Corporation (NYSE:OSK) shares were sold by KENNE LESLIE F. HAMILTON PETER B had sold 1,500 shares worth $130,815 on Friday, February 16. PKG's profit will be $143.29 million for 19.44 P/E if the $1.53 EPS becomes a reality. After $0.27 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts -55.56% negative EPS growth.

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