Economy

Royal Bank Of Canada Reaffirms "Hold" Rating for Automatic Data Processing (ADP)

Wealthtrust Fairport Llc who had been investing in Automatic Data Processing In for a number of months, seems to be bullish on the $47.71B market cap company. With the last stock price close up 2.62% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. About 3.38 million shares traded or 7.99% up from the average. Deutsche Bank AG reissued a hold rating and set a $102.00 price objective on shares of Automatic Data Processing in a report on Monday, August 21st. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Coconut Grove Bank now owns 1,038 shares of the business services provider's stock worth $106,000 after purchasing an additional 460 shares during the last quarter. The stock rose 0.03% or $0.31 reaching $974.5 per share. Valero Energy Corporation (NYSE:VLO) has risen 15.29% since September 18, 2016 and is uptrending. It has underperformed by 1.41% the S&P500.

Among 18 analysts covering Automatic Data (NASDAQ:ADP), 2 have Buy rating, 3 Sell and 13 Hold. Therefore 65% are positive. The firm has "Hold" rating given on Monday, January 30 by Stifel Nicolaus. The rating was maintained by JP Morgan on Friday, August 14 with "Neutral". Cantor Fitzgerald maintained it with "Buy" rating and GBX 31 target in Monday, February 8 report. Robert W. Baird downgraded the stock to "Neutral" rating in Friday, July 29 report.

Automatic Data Processing (NYSE:ADP) last posted its earnings results on Thursday, July 27th. Northstar Investment Advisors Llc acquired 5,192 shares as Auto Data Processing (ADP)'s stock declined 1.06%. The rating was downgraded by Morgan Stanley to "Equal-Weight" on Tuesday, May 30. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company's stock. Boston Financial Mangement LLC's holdings in Automatic Data Processing were worth $14,113,000 as of its most recent filing with the SEC. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business services provider reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.67 by ($0.02).

Investors of record on Friday, September 8th will be given a $0.57 dividend. Its down 0.06, from 0.83 in 2016Q3. It fall, as 46 investors sold ADP shares while 423 reduced holdings.

Hedge funds have recently made changes to their positions in the stock.

P.A.W. Capital Corp holds 4.68% of its portfolio in Allot Communications Ltd for 864,827 shares. Great Lakes Limited Liability Company accumulated 54,146 shares. Jacobus Wealth Mgmt Inc has invested 0.26% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Parsons Capital Mgmt Ri, Rhode Island-based fund reported 12,871 shares. 62,155 are held by Silvercrest Asset Mgmt Group Inc Limited Com. 62,926 are held by Invest House Ltd Llc. It is 0.00% or $0 reaching $0 per share. Cornerstone stated it has 18,500 shares. 442,654 were reported by Huntington Bankshares. Kidder Stephen W has 4.08% invested in Automatic Data Processing (NASDAQ:ADP) for 98,112 shares. Moreover, Wealthcare Cap Ltd Limited Liability Company has 0% invested in Automatic Data Processing (NASDAQ:ADP) for 59 shares. Mirador Prtn Limited Partnership has 0.76% invested in Automatic Data Processing (NASDAQ:ADP) for 9,210 shares. Ishares (IWY) was raised too.

Since May 24, 2017, it had 0 insider purchases, and 1 sale for $4.94 million activity.

In the latest week Automatic Data Processing, Inc. The stock of Automatic Data Processing (NASDAQ:ADP) earned "Underperform" rating by Evercore on Friday, June 2. Perrotti Thomas J sold 2,868 shares worth $301,197.

Analysts await Gilead Sciences, Inc. The stock spiked 1.79% last month and is up 3.67 this year. HBMD's profit will be $2.45M for 20.80 P/E if the $0.25 EPS becomes a reality. After $1.59 actual EPS reported by LCI Industries for the previous quarter, Wall Street now forecasts -12.58% negative EPS growth. On Monday, April 3 the insider MARTIN JOHN C sold $4.93 million. On Monday, May 1 Alton Gregg H sold $341,529 worth of Gilead Sciences, Inc. (NASDAQ:GILD) or 5,000 shares. (NASDAQ:ADP), Stochastic %D value stayed at 42.03% for the last 9 days.

Among 30 analysts covering Gilead Sciences (NASDAQ:GILD), 19 have Buy rating, 0 Sell and 11 Hold. Therefore 0 are positive. Gilead Sciences had 88 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Gilead Sciences, Inc. (NASDAQ:GILD) earned "Buy" rating by Piper Jaffray on Tuesday, July 25. The firm has "Market Perform" rating by William Blair given on Friday, July 21. (NASDAQ:GILD) has "Outperform" rating given on Tuesday, October 20 by Oppenheimer. The stock has "Buy" rating by Argus Research on Tuesday, November 3. The firm has "Buy" rating by Goldman Sachs given on Friday, December 16. The stock has "Outperform" rating by Credit Suisse on Wednesday, March 23. The stock has "Buy" rating by Cantor Fitzgerald on Monday, February 15. Its down 0.06, from 0.83 in 2016Q3. It increased, as 106 investors sold GILD shares while 656 reduced holdings. A company's dividend is mostly determined by its board of directors and it requires the shareholders' approval.

Nomura Asset Management Company Ltd increased Biogen Inc (NASDAQ:BIIB) stake by 1,313 shares to 65,778 valued at $18.66 million in 2016Q4. Hanson Mcclain stated it has 0.01% of its portfolio in Amazon.com, Inc. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock. Mirae Asset Global Investments has 49,582 shares. It also reduced Teva Pharmaceutical Inds Ltd (NYSE:TEVA) stake by 17,728 shares and now owns 80,875 shares. Rafferty Asset Management Ltd has invested 0.04% of its portfolio in Gilead Sciences, Inc. Klingenstein Fields And owns 4,200 shares for 0.02% of their portfolio. Salient Tru Lta holds 2,223 shares or 0.03% of its portfolio. Logan Mngmt accumulated 0.03% or 4,358 shares. Robeco Institutional Asset Mngmt Bv reported 0.46% stake. Following the completion of the sale, the chief executive officer now owns 146,494 shares in the company, valued at $16,114,340. St Johns Investment Mngmt Ltd has invested 0.21% in Gilead Sciences, Inc.

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