Economy

Automatic Data Processing (NYSE:ADP) Shares Sold by Allen Investment Management LLC

Franklin Resources Inc. lessened its holdings in shares of Automatic Data Processing (NYSE:ADP) by 18.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. BlackRock Inc. raised its stake in Automatic Data Processing by 1,971.2% during the 1st quarter. 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). Armbruster Capital Management Inc. raised its stake in Automatic Data Processing by 2.5% in the 2nd quarter. About 240,408 shares traded. (NASDAQ:ADP). Automatic Data Processing, Inc. had a higher price at the close than it did at the open.

General Motors Company was covered by a number of analysts recently, 2 rated the stock as Buy, 0 rated Outperform, 15 rated Hold, 0 gave an Underperform and 0 rated sell. The stock of Automatic Data Processing (NASDAQ:ADP) earned "Equal-Weight" rating by Barclays Capital on Thursday, October 26. The stock decreased 1.07% or $1.27 during the last trading session, reaching $116.98. XPO's profit will be $68.34 million for 30.00 P/E if the $0.58 EPS becomes a reality.

Automatic Data Processing, Inc.'s average Book Value per Share Growth Rate was -9.1 percent during the past 12 months.

Since May 24, 2017, it had 0 insider purchases, and 1 sale for $4.94 million activity. The rating was upgraded by Bernstein on Monday, July 11 to "Outperform". BidaskClub downgraded Automatic Data Processing from a buy rating to a hold rating in a report on Friday, September 15th. Therefore 11% are positive. Carderock Capital Management holds 2.26% of its portfolio in Automatic Data Processing (NASDAQ:ADP) for 48,997 shares. The firm has "Buy" rating given on Friday, December 16 by Goldman Sachs. BMO Capital Markets maintained it with "Hold" rating and $112.0 target in Friday, October 13 report. RBC Capital Markets maintained the shares of PFG in report on Monday, October 9 with "Buy" rating. The rating was maintained by Argus Research on Tuesday, May 3 with "Buy".

In other news, VP Brock Albinson sold 3,663 shares of the company's stock in a transaction that occurred on Friday, September 1st. The legal version of this piece of content can be viewed at https://weekherald.com/2017/10/31/south-dakota-investment-council-has-2-02-million-position-in-automatic-data-processing-adp.html. Robert W. Baird has "Hold" rating and $111.0 target.

Neville Rodie & Shaw Inc increased S&P 500 Depository Receipts (SPY) stake by 6,394 shares to 52,940 valued at $12.80M in 2017Q2. It also upped Gilead Sciences Inc (NASDAQ:GILD) stake by 6,600 shares and now owns 387,500 shares. Days to cover decreased from 3.0 to 3.0 and the short interest percentage is 0.02% as of September 29. Its down 0.02, from 0.84 in 2017Q1. It worsened, as 62 investors sold ADP shares while 426 reduced holdings. Proficio Capital Partners LLC raised its stake in Automatic Data Processing by 1.8% in the 2nd quarter. Voya Invest Mgmt Ltd Liability Corp has 252,489 shares. Roundview Ltd Llc has 0.24% invested in Automatic Data Processing (NASDAQ:ADP) for 7,975 shares. Tocqueville Asset LP has invested 0.4% in Automatic Data Processing (NASDAQ:ADP). 24,314 are owned by Capital Counsel Incorporated. Tudor Invest Corp Et Al has 0.03% invested in Automatic Data Processing (NASDAQ:ADP). Proficio Capital Partners LLC now owns 964 shares of the business services provider's stock valued at $111,000 after acquiring an additional 17 shares in the last quarter. Somerville Kurt F invested in 3.74% or 178,812 shares. Front Barnett Assoc Limited Com holds 4,700 shares or 0.09% of its portfolio. Horan Cap holds 23,309 shares or 0.52% of its portfolio. As of quarter end Aperio Group, LLC had disposed of 29,978 shares trimming its position 7.0%. Sumitomo Mitsui Asset Mgmt Limited invested in 81,182 shares or 0.14% of the stock. Asset Mgmt has invested 0.26% of its portfolio in Automatic Data Processing (NASDAQ:ADP). This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.95%. Valdes Luis E. had sold 10,375 shares worth $664,000. Another trade for 3.00M shares valued at $207.65M was made by GATES WILLIAM H III on Monday, May 1.

Investors sentiment decreased to 1.06 in Q2 2017. Its down 0.12, from 0.91 in 2017Q1. It is negative, as 30 investors sold PFG shares while 173 reduced holdings. Papp L Roy Associate reported 11,900 shares. Srb invested 0.02% of its portfolio in United Continental Holdings Inc (NYSE:UAL). Raymond James, Florida-based fund reported 753,687 shares. Mackenzie Fincl owns 411,660 shares or 0.23% of their U.S. portfolio.

Analysts expect American Woodmark Corporation (NASDAQ:AMWD) to report $1.33 EPS on November, 28.They anticipate $0.23 EPS change or 20.91% from last quarter's $1.1 EPS. First Commercial Bank & Tru Of Newtown holds 1.62% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 80,809 shares. Redwood Ltd Liability Corporation invested 0% in Automatic Data Processing (NASDAQ:ADP). Shares for $141,003 were sold by Campbell Roger Perry on Friday, June 2. Avalon Advsr Ltd Limited Liability Company accumulated 0.05% or 15,064 shares. State Bank Of Mellon Corporation holds 0.04% or 1.95M shares in its portfolio.

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