Reduces Stake in Automatic Data Processing (NASDAQ:ADP)

The institutional investor held 769,202 shares of the technology company at the end of 2017Q3, valued at $84.09 million, down from 1.03 million at the end of the previous reported quarter. Fundsmith LLP now owns 5,176,340 shares of the business services provider's stock worth $530,368,000 after acquiring an additional 1,164,972 shares in the last quarter. 1,209,100 shares of the company's stock traded hands, compared to its average volume of 1,957,665. Finally, Caxton Associates LP purchased a new position in shares of Automatic Data Processing during the second quarter worth about $594,000. Canon Inc. (NYSE:CAJ) has risen 21.99% since February 23, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

Boston Partners increased its stake in Davita Inc (DVA) by 1.43% based on its latest 2017Q3 regulatory filing with the SEC. MAI Capital Management now owns 2,948 shares of the business services provider's stock worth $345,000 after purchasing an additional 442 shares during the last quarter. The institutional investor held 288,857 shares of the semiconductors company at the end of 2017Q3, valued at $11.00 million, up from 205,511 at the end of the previous reported quarter. Renaissance Investment Group Llc who had been investing in Automatic Data Proc for a number of months, seems to be less bullish one the $52.07B market cap company. The stock has a market cap of $51,460.00, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 2.53 and a beta of 0.86. About 13.79 million shares traded. (NASDAQ:ADP) shares. On Wednesday, February 14 Rodriguez Carlos A sold $7.85 million worth of Automatic Data Processing, Inc. Panagora Asset Mgmt owns 277 shares or 0% of their USA portfolio. Investors of record on Friday, March 9th will be given a $0.63 dividend. Its up 0.12, from 1.13 in 2017Q2. It dropped, as 60 investors sold ADP shares while 457 reduced holdings. 109 funds opened positions while 241 raised stakes. The fund owned 118,743 shares of the business services provider's stock after purchasing an additional 2,135 shares during the quarter. Capital Planning Advisors LLC's holdings in Automatic Data Processing were worth $2,993,000 as of its most recent SEC filing. Mastrapasqua Asset Inc holds 0.94% or 41,917 shares. Weatherly Asset Management Limited Partnership owns 0.06% invested in Automatic Data Processing, Inc. Hikari Tsushin reported 0.33% in Automatic Data Processing, Inc. Automatic Data had 57 analyst reports since August 3, 2015 according to SRatingsIntel. Stephens Ar stated it has 69,370 shares. Hm Payson & Commerce accumulated 48,589 shares. 15,706 are owned by Wesbanco Commercial Bank. Zacks Investment Research upgraded shares of Automatic Data Processing from a "hold" rating to a "buy" rating and set a $133.00 price objective for the company in a research note on Monday, February 5th. (NASDAQ:ADP) shares were sold by O'Brien Dermot J. Retirement System Of Alabama has invested 0.12% of its portfolio in Automatic Data Processing, Inc. Ameriprise holds 0.01% of its portfolio in Kraton Corporation (NYSE:KRA) for 345,356 shares. Cambridge Rech Advsr stated it has 0.05% of its portfolio in Automatic Data Processing, Inc.

Shares of Automatic Data Processing (NASDAQ ADP) opened at $116.10 on Thursday. The firm's quarterly revenue was up 8.3% on a year-over-year basis. analysts predict that Automatic Data Processing will post 4.17 EPS for the current year.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, January 31st. During the same period a year ago, the firm earned $0.87 EPS. ADP's profit will be $638.31 million for 20.04 P/E if the $1.44 EPS becomes a reality. Automatic Data Processing, Inc.

Since September 1, 2017, it had 0 buys, and 32 sales for $45.48 million activity. The insider Perrotti Thomas J sold $92,720. MADDOX MATT sold 42,900 shares worth $6.15 million. On Tuesday, January 2 the insider JONES JOHN P III sold $659,979. Another trade for 3,242 shares valued at $405,250 was sold by Weinstein Donald.

Among 9 analysts covering Toyota Motor Corporation (NYSE:TM), 2 have Buy rating, 2 Sell and 5 Hold. Therefore 50% are positive. Packaging Corporation of America had 57 analyst reports since July 23, 2015 according to SRatingsIntel. It also reduced its holding in Ishares Tr (FXI) by 200,967 shares in the quarter, leaving it with 19,233 shares, and cut its stake in Hertz Global Hldgs Inc (Call). The rating was maintained by BMO Capital Markets with "Hold" on Wednesday, January 31. The company was maintained on Wednesday, October 25 by UBS. The company was maintained on Monday, September 18 by Jefferies. Automatic Data Processing's dividend payout ratio is presently 67.02%. The firm has "Outperform" rating by William Blair given on Monday, August 31. SunTrust has "Buy" rating and $55.0 target. (NASDAQ:ADP) earned "Sell" rating by Topeka Capital Markets on Thursday, October 29. The firm has "Hold" rating by Stifel Nicolaus given on Monday, August 28. (NASDAQ:NNBR) earned "Market Outperform" rating by Avondale on Friday, March 11. Main Street Research Limited Liability Company reported 0.11% stake. On Friday, September 9 the stock rating was initiated by Wedbush with "Neutral". The firm earned "Hold" rating on Thursday, February 1 by RBC Capital Markets.

Analysts await B&G Foods, Inc.

Analysts await Packaging Corporation of America (NYSE:PKG) to report earnings on April, 25. They expect $0.59 earnings per share, up 103.45% or $0.30 from last year's $0.29 per share. Stratos Wealth Prns holds 0.2% in Automatic Data Processing, Inc. Therefore 75% are positive. Silver Capital Ltd Liability Company has invested 2.81% in Capital Southwest Corporation (NASDAQ:CSWC). The rating was maintained by Morgan Stanley on Tuesday, February 13 with "Overweight". (NYSE:BGS) earned "Outperform" rating by RBC Capital Markets on Friday, September 23. The stock of RingCentral, Inc. Barclays lifted their price objective on shares of Automatic Data Processing from $121.00 to $128.00 and gave the company an "equal weight" rating in a research note on Thursday, February 1st. RBC Capital Markets maintained the shares of ADP in report on Thursday, January 18 with "Hold" rating. BidaskClub raised Automatic Data Processing from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 21st.

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