Economy

Janney Montgomery Scott LLC Lowers Stake in Automatic Data Processing (ADP)

It has outperformed by 6.29% the S&P500. Chevy Chase Trust Holdings Inc. owned 0.10% of Automatic Data Processing worth $45,473,000 as of its most recent SEC filing.

Capital Planning Advisors Llc increased Automatic Data Processing In (ADP) stake by 25.34% reported in 2017Q2 SEC filing. RENDUCHINTALA VENKATA S M sold $52,489 worth of stock or 1,424 shares. Automatic Data Processing has a 1-year low of $85.48 and a 1-year high of $121.77. The stock decreased 0.05% or $0.02 on September 22, reaching $37.18.

Automatic Data Processing (NYSE:ADP) opened at 96.70 on Tuesday. It has underperformed by 0.87% the S&P500.

Investors sentiment decreased to 0.99 in 2017 Q2. Its down 0.06, from 0.83 in 2017Q1. It worsened, as 45 investors sold ATW shares while 59 reduced holdings. 97 funds opened positions while 651 raised stakes. Robotti Robert sold 116,630 shares as Atwood Oceanics Inc (ATW)'s stock declined 13.00%. Creative Planning invested in 0% or 8,180 shares. Vaughan Nelson Management L P accumulated 2.85M shares or 0.46% of the stock. 22,933 were reported by Whalerock Point Prtnrs Ltd Limited Liability Company. Btr Mngmt Inc has 5,510 shares for 0.12% of their portfolio. 1,804,401 shares of the company's stock traded hands. Buckhead Cap Mgmt Ltd Llc holds 34,400 shares or 0.64% of its portfolio.

King Luther Capital Management Corp, which manages about $16.93 billion and $11.06 billion US Long portfolio, upped its stake in Dish Network Corp (NASDAQ:DISH) by 51,273 shares to 149,443 shares, valued at $9.38 million in 2017Q2, according to the filing. Moneta Grp Limited Liability Corporation holds 25,326 shares or 0.14% of its portfolio. Piedmont Invest Advsr Limited owns 16,378 shares or 0% of their United States portfolio. Advisor Partners Llc owns 17,626 shares. 44,336 were reported by Airain Ltd.

Among 26 analysts covering Huntington Bancshares Incorporated (NASDAQ:HBAN), 14 have Buy rating, 0 Sell and 12 Hold. Therefore 91% are positive. Atwood Oceanics had 78 analyst reports since August 3, 2015 according to SRatingsIntel. Hilliard Lyons upgraded Huntington Bancshares Incorporated (NASDAQ:HBAN) on Monday, July 24 to "Buy" rating. KeyBanc Capital Markets maintained the stock with "Hold" rating in Thursday, June 15 report. The firm earned "Hold" rating on Wednesday, September 13 by RBC Capital Markets. Goldman Sachs Group, Inc. The rating was maintained by Argus Research with "Buy" on Tuesday, May 3. The stock has "Buy" rating by Jefferies on Friday, August 11. The firm has "Outperform" rating by BMO Capital Markets given on Friday, July 28. BMO Capital Markets has "Buy" rating and $1600 target. The firm earned "Hold" rating on Wednesday, August 30 by Robert W. Baird. The market capitalization of the company is at $47.48 Billion. The Virginia-based Wilbanks Smith And Thomas Asset Mngmt Ltd Liability Company has invested 0.03% in Automatic Data Processing (NASDAQ:ADP). The Company's divisions include Consumer and Business Banking, Commercial Banking, Commercial Real Estate and Vehicle Finance, Regional Banking and The Huntington Private Client Group, Home Lending and Treasury/Other.

Since May 1, 2017, it had 1 buying transaction, and 2 insider sales for $53,717 activity. Farmers Retail Bank invested in 1,917 shares. 15,490 shares were bought by Harmening Andrew J, worth $200,131 on Monday, May 15. 35,720 shares were sold by Heller Paul G, worth $461,912 on Tuesday, May 9.

Citizens & Northern Corp increased its stake in Intel Corp (INTC) by 267.85% based on its latest 2017Q2 regulatory filing with the SEC. It also reduced Idexx Labs Inc Com (NASDAQ:IDXX) stake by 16,699 shares and now owns 735,838 shares. Ishares Tr (IWS) was raised too.

ADP has been the topic of a number of research analyst reports. Therefore 60% are positive. Automatic Data had 36 analyst reports since August 3, 2015 according to SRatingsIntel. Shareholders of record on Friday, September 8th will be given a dividend of $0.57 per share. BMO Capital Markets reissued a "hold" rating on shares of Automatic Data Processing in a report on Thursday, February 2nd. On Friday, September 9 the stock rating was initiated by Wedbush with "Neutral". Credit Suisse initiated the shares of CSTM in report on Friday, March 11 with "Outperform" rating. Automatic Data Processing Inc now has $48.11 billion valuation. The company was downgraded on Friday, July 21 by William Blair. The rating was maintained by Citigroup on Friday, July 29 with "Neutral". (NYSE:ATW) has "Sector Perform" rating given on Thursday, February 4 by Howard Weil.

Automatic Data Processing (NYSE:ADP) last released its earnings results on Thursday, July 27th. Capital Counsel Llc acquired 13,574 shares as Automatic Data Processing Inc (ADP)'s stock declined 1.06%. During the same quarter past year, the company earned $1.17 earnings per share. AMZN's profit will be $19.22 million for 5969.38 P/E if the $0.04 EPS becomes a reality. Alliancebernstein L.P. increased its position in Automatic Data Processing by 6.2% during the first quarter.

Investors sentiment increased to 1.03 in Q2 2017. Its down 0.06, from 0.83 in 2017Q1.

Quite a few Hedge funds have lately purchased and unloaded stocks of ADP. 355.68 million shares or 2.28% more from 347.76 million shares in 2017Q1 were reported. Essex Invest Management Communication Limited Com stated it has 2,124 shares or 0.03% of all its holdings. Finally, Guardian Life Insurance Co. of America boosted its holdings in Automatic Data Processing by 0.7% in the first quarter. On average, equities analysts forecast that Automatic Data Processing will post $3.70 EPS for the current fiscal year. S&Co has invested 3.24% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Gam Hldg Ag owns 107,610 shares. Glenmede Trust Na holds 0% or 300 shares in its portfolio. Vestor Cap Lc reported 212,313 shares. Pennsylvania-based Nationwide Fund Advsr has invested 0.26% in Intel Corporation (NASDAQ:INTC). Dearborn Prtn Ltd Com stated it has 296,036 shares.

Shares of Automatic Data Processing (ADP) traded down 0.0133% during midday trading on Thursday, reaching $106.8158. 10,495 were accumulated by Chesapeake Asset Management Ltd Liability Corp. Harris Associates Ltd Partnership holds 0.68% or 3.68 million shares in its portfolio.

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. Matarin Mgmt Limited Co holds 0% or 153,615 shares.

Since May 24, 2017, it had 0 insider purchases, and 1 insider sale for $4.94 million activity. The original version of this piece can be accessed at https://weekherald.com/2017/09/22/janney-montgomery-scott-llc-sells-7337-shares-of-automatic-data-processing-adp.html.

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