Automatic Data Processing Inc (NASDAQ:ADP) Sentiment Worsened, Despite

Elias Hubbard
January 14, 2018

Automatic Data Processing (NASDAQ ADP) traded down $1.30 during midday trading on Wednesday, reaching $117.46. About 684,296 shares traded. Moreover, Ironwood Mngmt Ltd has 0.28% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.94% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. It has underperformed by 0.87% the S&P500.

Washington Trust Company increased its stake in Bb&T Corp (BBT) by 6.29% based on its latest 2017Q3 regulatory filing with the SEC. Regal Lc reported 0.32% in Automatic Data Processing, Inc. Nippon Life Insurance Company who had been investing in Anadarko Pete Corp for a number of months, seems to be bullish on the $30.34B market cap company. The New York-based Product Ptnrs Ltd Liability has invested 0.04% in Materion Corporation (NYSE:MTRN). About 11.64M shares traded. Materion Corporation (NYSE:MTRN) has risen 47.97% since January 12, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.

Winslow Evans & Crocker Inc, which manages about $600.60 million and $300.94 million US Long portfolio, upped its stake in Deere & Co (NYSE:DE) by 3,900 shares to 8,320 shares, valued at $1.04 million in 2017Q3, according to the filing. It also increased its holding in Asure Software Inc (NASDAQ:ASUR) by 26,870 shares in the quarter, for a total of 43,490 shares, and has risen its stake in Primo Wtr Corp (NASDAQ:PRMW).

Since September 1, 2017, it had 0 insider purchases, and 1 sale for $1.45 million activity. (NYSE:V), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 100% are positive. Anadarko Petroleum Corporation had 118 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Hilliard Lyons to "Buy" on Monday, January 23.

David Simon decreased its stake in Visa Inc Class A Shares Common (V) by 26.89% based on its latest 2017Q3 regulatory filing with the SEC. The rating was upgraded by Bernstein to "Outperform" on Monday, July 11. The stock of Lydall, Inc.

Investors sentiment increased to 1.41 in 2017 Q3. Its up 0.02, from 0.82 in 2017Q2.

Several other institutional investors have also sold shares of the company. 93 funds opened positions while 178 raised stakes. Diamond Hill Investment Group, Inc. (NYSE:LDL) for 2,139 shares. The hedge fund run by David Simon held 22,970 shares of the business services company at the end of 2017Q3, valued at $2.42M, down from 31,420 at the end of the previous reported quarter. Security Natl Trust has 1.59% invested in Automatic Data Processing, Inc. (NYSE:TJX). Reliance Com Of Delaware owns 3,141 shares. Guardian Lp invested in 180,484 shares or 0.29% of the stock. Guggenheim Capital Limited Liability has invested 0% in Materion Corporation (NYSE:MTRN). If we take a long term observation, shares have been trading at a distance of 10.31% from the 200-day moving average. Ashmore Wealth Ltd, Delaware-based fund reported 1.31 million shares. Nordea Investment holds 0.07% or 608,472 shares in its portfolio. Los Angeles Capital Management And Equity Research invested in 0% or 6,528 shares. Massachusetts Ma holds 28.64M shares or 0.6% of its portfolio.

Analysts await Lydall, Inc.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on March, 21. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.85 by $0.06. ADP's profit will be $394.70M for 32.87 P/E if the $0.89 EPS becomes a reality. After $0.91 actual EPS reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts -2.20% negative EPS growth.

Since January 1, 0001, it had 0 insider buys, and 19 insider sales for $30.33 million activity. Ayala John sold $729,738 worth of stock. Automatic Data Processing now has $52.18 billion valuation. Black Maria sold 631 shares worth $67,290. 95,756 shares were sold by Rodriguez Carlos A, worth $11.31 million on Wednesday, January 3. Shares for $2.91M were sold by O'Brien Dermot J on Monday, January 1. Weinstein Donald had sold 2,275 shares worth $263,968 on Tuesday, January 2. State Board Of Administration Of Florida Retirement holds 0.56% or 4.26 million shares in its portfolio. Following the transaction, the vice president now owns 5,049 shares in the company, valued at $519,087.69.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.09, from 0.77 in 2017Q2. It worsened, as 48 investors sold V shares while 617 reduced holdings.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 239.43 million shares or 4.99% less from 252.00 million shares in 2017Q2 were reported. Royal Natl Bank Of Canada owns 5.82M shares or 0.31% of their United States portfolio. After $0.62 actual EPS reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 6.45% EPS growth. (NASDAQ:ADP) or 139,323 shares. Umb Comml Bank N A Mo holds 19,524 shares. Lifeplan Financial Grp accumulated 2,384 shares or 0.17% of the stock. During the same quarter in the prior year, the business earned $0.86 earnings per share. equities research analysts anticipate that Automatic Data Processing will post 3.91 EPS for the current fiscal year. (ADP) held 443.75 million outstanding shares now. 53,693 were accumulated by Mutual Of America Capital Ltd Liability Co. 500.82 million shares or 2.15% less from 511.81 million shares in 2017Q2 were reported. (NASDAQ:ADP). Greenleaf Trust holds 0.01% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 32,549 shares. Pennsylvania stated it has 154,098 shares or 0.81% of all its holdings. (NASDAQ:ADP). Weatherly Asset Mngmt Limited Partnership reported 0.06% of its portfolio in Automatic Data Processing, Inc. Smithfield Trust Company sold 7,607 shares as the company's stock declined 1.06% while stock markets rallied. Zacks Investment Research downgraded Automatic Data Processing from a "buy" rating to a "hold" rating in a report on Wednesday. Therefore 86% are positive. ADP was included in 49 notes of analysts from August 3, 2015. Dyson Deborah L also sold $184,720 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) earned "Neutral" rating by JP Morgan on Friday, August 14. The firm has "Market Perform" rating by Raymond James given on Wednesday, January 6. The company was maintained on Monday, May 2 by RBC Capital Markets. (NASDAQ:ADP) earned "Hold" rating by Stifel Nicolaus on Monday, August 28. BMO Capital Markets decreased their target price on Automatic Data Processing from $122.00 to $114.00 and set an "outperform" rating on the stock in a research report on Friday, November 3rd.

More recent Automatic Data Processing, Inc. As per Thursday, February 4, the company rating was maintained by RBC Capital Markets. Hartford Management holds 0.29% in Automatic Data Processing, Inc. (NASDAQ:ADP) has "Sell" rating given on Friday, April 15 by Compass Point. Barclays Capital has "Overweight" rating and $128 target. The stock now has a consensus rating of "Hold" and a consensus target price of $114.64. (The) raised Automatic Data Processing from a "neutral" rating to a "buy" rating and set a $114.00 target price on the stock in a report on Friday, December 16th.

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