Published: Wed, March 14, 2018
Business | By Tara Barton

Automatic Data Processing (NASDAQ:ADP) Stake Lifted by Kings Point Capital Management


Woodstock Corp sold 3,564 shares as the company's stock declined 1.06% while stock markets rallied. The institutional investor held 149,218 shares of the technology company at the end of 2017Q3, valued at $16.31 million, down from 158,660 at the end of the previous reported quarter. Loring Wolcott & Coolidge Fiduciary Advisors Llp who had been investing in Automatic Data Processing for a number of months, seems to be less bullish one the $52.64B market cap company. The overall volume in the last trading session was 1.58 million shares. About 1.82 million shares traded or 1.02% up from the average. 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 Tennessee-based Independence Trust Company has invested 2.11% in Automatic Data Processing, Inc. Capital Advisors Inc who had been investing in Geo Group Inc New for a number of months, seems to be bullish on the $2.70B market cap company.

Shares of Automatic Data Processing (NASDAQ ADP) traded down $0.14 during mid-day trading on Tuesday, reaching $117.39. About 19.71 million shares traded or 36.65% up from the average. (NYSE:CF) has declined 0.63% since March 12, 2017 and is downtrending. It has underperformed by 11.84% the S&P500.

Since January 31, 2018, it had 1 insider purchase, and 2 sales for $2.69 million activity. 5,000 shares were sold by Gherson Diane J, worth $780,000.

Investors sentiment decreased to 0.88 in 2017 Q3. Its the same as in 2017Q2. Proshare Limited Liability has 760,960 shares for 0.76% of their portfolio. Baystate Wealth Mgmt Llc holds 1,326 shares or 0.02% of its portfolio. Guggenheim maintained International Business Machines Corporation (NYSE:IBM) on Thursday, July 13 with "Hold" rating. Bnp Paribas Arbitrage accumulated 313,413 shares. (NASDAQ:ADP). Marble Harbor Counsel Lc reported 158,631 shares. Fundsmith LLP now owns 5,176,340 shares of the business services provider's stock valued at $530,368,000 after acquiring an additional 1,164,972 shares during the period. Chicago Equity Ptnrs Limited Liability Corporation invested in 562,142 shares. (NASDAQ:ADP). 6,471 were accumulated by Cibc National Bank & Trust Usa. Rockefeller holds 933,294 shares or 1.46% of its portfolio.

Zpr Investment Management, which manages about $201.53M and $65.89 million US Long portfolio, upped its stake in Brunswick Corp (NYSE:BC) by 26,436 shares to 47,606 shares, valued at $2.67 million in 2017Q3, according to the filing. Zurcher Kantonalbank (Zurich Cantonalbank) holds 3.02 million shares. Guyasuta Invest has invested 3.28% in Exxon Mobil Corporation (NYSE:XOM). Skylands Capital Llc, a Wisconsin-based fund reported 74,400 shares. The firm has "Buy" rating given on Tuesday, April 11 by Canaccord Genuity. Therefore 39% are positive. Calpine Corporation had 43 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Calpine Corporation (NYSE:CPN) earned "Hold" rating by RBC Capital Markets on Sunday, October 29.

Analyst notified mean rating at 2.70 after consensus analysis. As per Thursday, October 6, the company rating was maintained by UBS. On Monday, December 12 the stock rating was maintained by Canaccord Genuity with "Buy". BMO Capital Markets has "Hold" rating and $122.0 target. (NASDAQ:ADP) rating on Monday, January 22. The company was maintained on Tuesday, May 3 by Argus Research. Zacks Investment Research raised shares of Automatic Data Processing from a "hold" rating to a "buy" rating and set a $136.00 target price on the stock in a research note on Tuesday, January 23rd. Therefore 21% are positive. 20,210 Automatic Data Processing, Inc. Pershing Square Capital Management L.P. grew its stake in Automatic Data Processing by 402.5% in the 3rd quarter. The rating was maintained by Stifel Nicolaus with "Hold" on Tuesday, October 3. On Monday, July 11 the stock rating was upgraded by Bernstein to "Outperform". BMO Capital Markets maintained Automatic Data Processing, Inc.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, January 31st. Goldman Sachs downgraded the shares of ADP in report on Tuesday, June 20 to "Neutral" rating. Robert W. Baird maintained the shares of ADP in report on Wednesday, August 30 with "Hold" rating. The firm has "Equal-Weight" rating by Barclays Capital given on Thursday, February 1. The firm has "Neutral" rating by Robert W. Baird given on Friday, July 29.

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Haverford Trust Company, which manages about $4.79B US Long portfolio, decreased its stake in Procter & Gamble (NYSE:PG) by 310,223 shares to 929,663 shares, valued at $84.58M in 2017Q3, according to the filing. It also increased its holding in Visa (NYSE:V) by 2,858 shares in the quarter, for a total of 5,460 shares, and has risen its stake in Jpmorgan (NYSE:JPM).

Investors sentiment is 1.18 in 2017 Q3. Its up 0.31, from 0.64 in 2017Q2. It is negative, as 60 investors sold ADP shares while 457 reduced holdings.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. The total dollar value of all 436.29 million outstanding shares is 51.28 billion. Finally, Caxton Associates LP bought a new position in Automatic Data Processing in the second quarter valued at approximately $594,000. Norman Fields Gottscho Mgmt Lc invested 0.22% in Automatic Data Processing, Inc. The New York-based Teton Advisors Inc. has invested 0.58% in the stock. (NASDAQ:ADP) or 90,438 shares. Retail Bank Of Ny Mellon has invested 0.33% in Automatic Data Processing, Inc. Albinson Brock also sold $115,319 worth of Automatic Data Processing, Inc. $659,979 worth of Automatic Data Processing, Inc. (NASDAQ:ADP). Hyman Charles D, a Florida-based fund reported 2,345 shares. First Quadrant Limited Partnership Ca accumulated 56,207 shares. (NASDAQ:ADP). Brown Advisory Incorporated owns 0.15% invested in Automatic Data Processing, Inc.

Analysts await Automatic Data Processing, Inc. Canaccord Genuity maintained the shares of GEO in report on Wednesday, August 24 with "Buy" rating. Ronna Sue Cohen invested in 1.95% or 23,409 shares. Violich Mngmt holds 1.98% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 10,693 shares. Glg Prns LP reported 0.58% in Microsoft Corporation (NASDAQ:MSFT). Automatic Data Processing now has $52.32B valuation. They expect $1.44 EPS, up 9.92% or $0.13 from last year's $1.31 per share. MSFT's profit will be $6.54 billion for 28.39 P/E if the $0.85 EPS becomes a reality.

Since December 31, 2017, it had 0 buys, and 26 selling transactions for $43.49 million activity. $7.85M worth of Automatic Data Processing, Inc.

In other news, VP Stuart Sackman sold 238 shares of the business's stock in a transaction dated Monday, January 22nd. Shares for $3.22 million were sold by Foulkes Helena on Friday, September 15. $452,517 worth of stock was sold by Bonarti Michael A on Tuesday, January 2. 95,756 shares were sold by Rodriguez Carlos A, worth $11.31M.

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