Associated Banc Corp Sells 1001 Shares of Automatic Data Processing (NYSE:ADP)

Marco Green
November 14, 2017

(ADP)'s distance from 200 day simple moving average is 6.15 percent, its distance from 50 day simple moving average is 0.01 percent, while its distance from 20 day simple moving average is -2.73 percent.

Sell-side analyst recommendations point to a short term price target of $518.29 on the shares of Equinix, Inc. Its stake was valued at $952,724,000 an increase of $218,598,000 according to the filing. It has outperformed by 134.23% the S&P500.

Equity analyst Bank of America Corporation raised the price target of the stock on October 13 changing the forecast from $111.00 to $114.00 with a rating of "Neutral". As of quarter end Polen Capital Management LLC had acquired a total of 152,027 shares growing its holdings by 2.3%. Auto Data Processing now has $49.27 billion valuation. The current P/B amount of Automatic Data Processing, Inc. best indicates the value approach in differentiating good from the bad.

Top Pick for Tuesday: Automatic Data Processing, Inc. Zapolsky David sold $2.24M worth of stock or 2,333 shares. Wyndham Worldwide Corp (NYSE:WYN) was raised too. The company earned $2.90 billion during the quarter, compared to analysts' expectations of $2.92 billion. Therefore 29% are positive. RBC Capital Markets maintained the shares of ADP in report on Monday, November 6 with "Hold" rating. On Friday, October 13 the stock rating was maintained by BMO Capital Markets with "Hold". H.C. Wainwright maintained the stock with "Buy" rating in Wednesday, August 9 report. As per Tuesday, November 22, the company rating was upgraded by Lake Street.

Investors sentiment decreased to 0.77 in 2017 Q2. Its down 0.06, from 0.83 in 2017Q1. It also upped Disney Walt Co (NYSE:DIS) stake by 4,759 shares and now owns 42,465 shares. Capital Planning Advsr Ltd Liability Com invested in 0.99% or 21,935 shares. Aperio Gru Limited Liability Co has invested 0% of its portfolio in iRobot Corporation (NASDAQ:IRBT). Yhb Investment Advisors Inc invested in 0.13% or 7,359 shares. Norinchukin Natl Bank The stated it has 0.01% of its portfolio in Zions Bancorp (NASDAQ:ZION). As higher figure of institutional mostly indicates intentions of capital gain, which is suitable for passive investors as well stocks with a large amount of institutional ownership are often looked upon favorably. Sector Pension Inv Board owns 50,702 shares or 0.05% of their United States portfolio. (NYSE:DLR). Voya Ltd Liability holds 98,818 shares. Bbt Capital Mngmt Lc invested in 2.17% or 372,816 shares. Ballentine Prns Ltd Liability accumulated 0.07% or 9,838 shares. Teacher Retirement Sys Of Texas owns 4,720 shares. Verition Fund Management Ltd Llc has invested 0.05% of its portfolio in Digital Realty Trust, Inc. It turned negative, as 36 investors sold IRBT shares while 70 reduced holdings.

Ubs Asset Management Americas Inc says it raised its position in Automatic Data Procs shares by 1,550 shares in the last quarter.

About 199,766 shares traded. Automatic Data Processing has a one year low of $76.65 and a one year high of $96.00. The company has a market cap of $40.75 billion and a PE ratio of 27.50. Associated Banc Corp's holdings in Automatic Data Processing were worth $2,109,000 at the end of the most recent reporting period. Greylin Investment Mangement Inc, a Virginia-based fund reported 2,495 shares. More interesting news about Automatic Data Processing (NASDAQ:ADP) were released by: Reuters.com and their article: "BRIEF-Automatic Data Processing ‍sends letter to stockholders" published on October 26, 2017 as well as Wsj.com's news article titled: "ADP Boss Taunts Ackman: This Was an "Ass-Whooping" with publication date: November 07, 2017. The company has a consensus rating of "Hold" and an average target price of $111.43. Gamble Jones Investment Counsel reported 14,992 shares or 0.16% of all its holdings. State Board Of Administration Of Florida Retirement has invested 0.19% of its portfolio in Automatic Data Processing (NASDAQ:ADP).

In other news, VP Brock Albinson sold 3,663 shares of Automatic Data Processing stock in a transaction that occurred on Friday, September 1st. (NASDAQ:AMZN). E&G Advsrs Ltd Partnership invested in 0.26% or 555 shares.

ILLEGAL ACTIVITY NOTICE: "Associated Banc Corp Sells 1,001 Shares of Automatic Data Processing (NYSE:ADP)" was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. The Company also provides business process outsourcing solutions. Therefore 16% are positive. The stock rose 0.33% or $0.37 reaching $111.46. That puts the market capitalization at $38.08 bln. The stock of Automatic Data Processing (NASDAQ:ADP) has "Hold" rating given on Tuesday, July 11 by BMO Capital Markets. As per Thursday, August 3, the company rating was downgraded by Morgan Stanley. CTXS's asset turnover ratio is 0.52 and the company has financial leverage of 1.76. The company now has an average rating of "Hold" and an average price target of $95.14.

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