Automatic Data Processing (ADP) Shares Sold by SVA Plumb Wealth Management LLC

Elias Hubbard
March 14, 2018

The hedge fund run by David Charney held 452,174 shares of the public utilities company at the end of 2017Q3, valued at $13.57 million, up from 327,874 at the end of the previous reported quarter. Mitsubishi Ufj Trust & Banking Corp who had been investing in Raymond James Fin. for a number of months, seems to be less bullish one the $13.71B market cap company. (ADP) stock price moved with dropping change along with the volume 1.93 million shares in Monday trading session. The shares were sold at an average price of $112.29, for a total value of $7,848,958.71. (NYSE:GEO) has risen 49.90% since March 11, 2017 and is uptrending.

Woodstock Corp decreased its stake in Automatic Data Processing Inc (ADP) by 4.26% based on its latest 2017Q3 regulatory filing with the SEC. Pershing Square Capital Management L.P. now owns 8,798,442 shares of the business services provider's stock valued at $961,846,000 after acquiring an additional 7,047,575 shares during the period. The institutional investor held 769,202 shares of the technology company at the end of 2017Q3, valued at $84.09M, down from 1.03 million at the end of the previous reported quarter. Private Bank & Trust Co who had been investing in Automatic Data Processing Inc. for a number of months, seems to be less bullish one the $52.67B market cap company. The stock decreased 1.09% or $1.3 during the last trading session, reaching $117.53. The company's stock had a trading volume of 1,930,000 shares, compared to its average volume of 1,930,000.

Gregg J. Powers decreased its stake in Automatic Data Processing Inc. MakeMyTrip Limited (NASDAQ:MMYT) has risen 111.67% since March 13, 2017 and is uptrending. It has underperformed by 0.87% the S&P500. The insider Albinson Brock sold $159,309. Also, VP Stuart Sackman sold 238 shares of the company's stock in a transaction on Monday, January 22nd. (NASDAQ:ADP) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. 5,688 Automatic Data Processing, Inc. (NASDAQ:ADP). First Hawaiian Commercial Bank accumulated 2,297 shares or 0.03% of the stock.

In related news, CEO Carlos A. Rodriguez sold 69,899 shares of the firm's stock in a transaction dated Thursday, February 15th. (NASDAQ:ADP). Moreover, Sit Inv Associate Incorporated has 0% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) or 20,909 shares. Therefore 21% are positive.

Bank of New York Mellon Corp lessened its position in shares of Automatic Data Processing (NASDAQ:ADP) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm has "Sell" rating given on Thursday, October 29 by Topeka Capital Markets. The firm earned "Outperform" rating on Monday, August 31 by William Blair. Finally, Stifel Nicolaus boosted their price target on shares of Automatic Data Processing from $113.00 to $133.00 and gave the stock a "hold" rating in a research note on Thursday, February 1st. (NASDAQ:ADP) earned "Neutral" rating by Robert W. Baird on Friday, July 29. Goldman Sachs downgraded the stock to "Neutral" rating in Tuesday, June 20 report. BMO Capital Markets maintained it with "Outperform" rating and $114 target in Friday, November 3 report. On Monday, December 12 the stock rating was maintained by Canaccord Genuity with "Buy". $1.19 million worth of Automatic Data Processing, Inc. On Tuesday, November 14 the stock rating was maintained by Morgan Stanley with "Equal-Weight". The firm earned "Sector Perform" rating on Monday, August 3 by RBC Capital Markets.

Investors of record on Friday, March 9th will be paid a $0.63 dividend. Its down 0.09, from 0.77 in 2017Q2. It increased, as 51 investors sold CPN shares while 76 reduced holdings. Accern also gave news stories about the business services provider an impact score of 46.6181372068236 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.89 by $0.10. (NASDAQ:ADP). Marble Harbor Counsel Lc reported 158,631 shares. (NASDAQ:ADP). Fruth stated it has 32,549 shares or 1.63% of all its holdings. (NASDAQ:ADP). Guardian LP has 0.29% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 309,760 shares. Reliance Tru Of Delaware owns 5,557 shares for 0.09% of their portfolio. Automatic Data Processing had a net margin of 13.47% and a return on equity of 43.28%. Weatherly Asset Mngmt Ltd Partnership reported 2,143 shares or 0.06% of all its holdings.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. (NASDAQ:ADP). Northeast has invested 0.12% in Automatic Data Processing, Inc. Cedar Capital LLC acquired a new position in shares of Automatic Data Processing during the second quarter worth $254,000. Automatic Data Processing's dividend payout ratio (DPR) is 67.02%. Moreover, Birch Hill Ltd Liability has 0.36% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 2,050 shares. (NASDAQ:SAFM) for 42,931 shares. The company shares sank -7.69% from their peak of $259.77 and now has a $142.99 billion market value of equity.

Since February 23, 2018, it had 0 insider purchases, and 1 sale for $90,285 activity. Microsoft Corporation had 167 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Calpine Corporation (NYSE:CPN) has "Neutral" rating given on Wednesday, August 24 by Suntrust Robinson. The company was maintained on Tuesday, July 19 by Credit Suisse. The rating was maintained by Robert W. Baird with "Hold" on Tuesday, October 3. Stifel Nicolaus maintained Microsoft Corporation (NASDAQ:MSFT) rating on Friday, July 21. The rating was upgraded by Bank of America on Thursday, November 10 to "Buy". The rating was upgraded by Jefferies on Friday, December 18 to "Buy".

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.04, from 0.92 in 2017Q2. Goldman Sachs Incorporated holds 1.37M shares. Price T Rowe Md has 222,952 shares for 0% of their portfolio. Us Bancorporation De reported 1.59M shares. Albion Group Inc Ut accumulated 3,221 shares. Zimmer Biomet Hldgs Inc (ZMH) was raised too. Regentatlantic Capital Llc owns 12,251 shares for 0.12% of their portfolio. Northern Trust reported 0.2% stake. Hutchinson Capital Mgmt Ca reported 3.66% stake. Novare Capital Mgmt holds 0.69% of its portfolio in CVS Health Corporation (NYSE:CVS) for 48,401 shares. Riverhead Limited Company stated it has 203,311 shares. Pub Employees Retirement Association Of Colorado reported 80,679 shares. (NYSE:RJF) for 9,097 shares. Mufg Americas invested in 0% or 275 shares. Factory Mutual Insur reported 1.38 million shares. During the same quarter in the prior year, the company earned $0.87 EPS.

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