Is Automatic Data Processing Incorporated (NASDAQ:ADP) a Buy? The Stock Reported more Sellers

June 20, 2017 - By Adrian Erickson

 Is Automatic Data Processing Incorporated (NASDAQ:ADP) a Buy? The Stock Reported more Sellers

Investors sentiment decreased to 0.87 in Q4 2016. Its down 0.09, from 0.96 in 2016Q3. It dived, as 46 investors sold Automatic Data Processing shares while 423 reduced holdings. 116 funds opened positions while 293 raised stakes. 345.06 million shares or 1.28% more from 340.71 million shares in 2016Q3 were reported.
Fuller And Thaler Asset Management stated it has 0.01% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Stewart And Patten invested in 156,968 shares or 3.07% of the stock. Monroe Savings Bank Mi reported 0.25% in Automatic Data Processing (NASDAQ:ADP). Parkside National Bank & Trust & holds 0.22% or 4,844 shares. Tortoise Mngmt Limited Liability Co holds 31 shares or 0% of its portfolio. Nikko Asset Management Americas accumulated 2,300 shares. Central National Bank & Trust And Co holds 550 shares. Eastern Financial Bank stated it has 6,377 shares or 0.05% of all its holdings. Baring Asset Management Limited has invested 0.04% in Automatic Data Processing (NASDAQ:ADP). Invesco Ltd invested 0.25% in Automatic Data Processing (NASDAQ:ADP). Calamos Advisors Limited Liability Corp invested in 36,550 shares. Hutchin Hill Lp has invested 0.03% in Automatic Data Processing (NASDAQ:ADP). Smith Salley Assocs reported 2,186 shares. Vaughan David Il reported 0.02% in Automatic Data Processing (NASDAQ:ADP). 250,033 were reported by Wendell David Assoc.

Since January 1, 2017, it had 0 insider purchases, and 21 selling transactions for $27.56 million activity. The insider Rodriguez Carlos A sold 79,606 shares worth $7.88M. The insider Eberhard Michael C sold 7,463 shares worth $783,615. The insider Flynn Edward B III sold 8,873 shares worth $921,727. Shares for $2.38M were sold by O’Brien Dermot J. On Tuesday, January 3 Dyson Deborah L sold $213,667 worth of Automatic Data Processing (NASDAQ:ADP) or 2,087 shares. Siegmund Jan had sold 4,266 shares worth $436,753 on Sunday, January 1. $108,053 worth of Automatic Data Processing (NASDAQ:ADP) was sold by Albinson Brock on Monday, January 23.

The stock of Automatic Data Processing Incorporated (NASDAQ:ADP) registered an increase of 5.68% in short interest. ADP’s total short interest was 7.64M shares in June as published by FINRA. Its up 5.68% from 7.23 million shares, reported previously. With 3.08M shares average volume, it will take short sellers 3 days to cover their ADP’s short positions.

About 296,172 shares traded. Automatic Data Processing (NASDAQ:ADP) has risen 15.83% since June 20, 2016 and is uptrending. It has underperformed by 0.87% the S&P500.

Automatic Data Processing, Inc. is a well-known provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The company has market cap of $46.28 billion. The Firm also provides business process outsourcing solutions. It has a 26.54 P/E ratio. The Company’s divisions include Employer Services and Professional Employer Organization (PEO) Services.

Automatic Data Processing (NASDAQ:ADP) Ratings Coverage

Among 15 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 3 Sell and 7 Hold. Therefore 33% are positive. Automatic Data had 18 analyst reports since August 3, 2015 according to SRatingsIntel. The company was upgraded on Monday, August 31 by William Blair. The company was initiated on Friday, April 15 by Compass Point. The firm has “Neutral” rating by Citigroup given on Friday, July 29. Argus Research maintained Automatic Data Processing (NASDAQ:ADP) rating on Tuesday, May 3. Argus Research has “Buy” rating and $98 target. The stock has “Overweight” rating by Barclays Capital on Tuesday, December 20. The company was downgraded on Friday, June 2 by Evercore. Robert W. Baird downgraded it to “Neutral” rating and $94 target in Friday, July 29 report. RBC Capital Markets maintained it with “Sector Perform” rating and $87 target in Thursday, February 4 report. Goldman Sachs upgraded the stock to “Buy” rating in Friday, December 16 report. The stock of Automatic Data Processing (NASDAQ:ADP) has “Sector Perform” rating given on Monday, May 2 by RBC Capital Markets.

More notable recent Automatic Data Processing (NASDAQ:ADP) news were published by: Seekingalpha.com which released: “ADP Update: 42 Years Of Dividend Increases” on May 22, 2017, also Nasdaq.com with their article: “Automatic Data Processing Reaches Analyst Target Price” published on May 26, 2017, Nasdaq.com published: “Automatic Data Processing, Inc. (ADP) Ex-Dividend Date Scheduled for June 07, 2017” on June 06, 2017. More interesting news about Automatic Data Processing (NASDAQ:ADP) were released by: Streetinsider.com and their article: “UPDATE: Goldman Sachs Downgrades Automatic Data Processing (ADP) to Neutral” published on June 20, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Automatic Data Processing says entered into a $3.50 bln 364-day credit …” with publication date: June 15, 2017.

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