Economy

Coastline Trust Co Decreases Stake in Automatic Data Processing (NASDAQ:ADP)

Coastline Trust Co Decreases Stake in Automatic Data Processing (NASDAQ:ADP)

The stock decreased 1.90% or $0.3 during the last trading session, reaching $15.45. W&T Offshore, Inc. (NYSE:WTI) has risen 11.39% since January 28, 2017 and is uptrending. It has outperformed by 5.40% the S&P500. On Tuesday, January 2 JONES JOHN P III sold $659,979 worth of Automatic Data Processing, Inc. In the last quarter, insiders have sold 146,525 shares of company stock worth $17,396,472. Jensen Investment Management Inc who had been investing in Automatic Data Processing Inc. for a number of months, seems to be less bullish one the $54.25 billion market cap company.

Shares of Automatic Data Processing (NASDAQ:ADP) traded up $1.70 during midday trading on Friday, hitting $122.33. The institutional investor purchased 17,197 shares of the business services provider's stock, valued at approximately $1,880,000.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Thursday, November 2nd. (NASDAQ:ADP) has risen 15.83% since January 28, 2017 and is uptrending. It has underperformed by 16.70% the S&P500.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 4 have Buy rating, 2 Sell and 13 Hold. Winslow Asset Mgmt invested in 0.06% or 2,265 shares. (NASDAQ:ADP) on Thursday, October 26 with "Equal-Weight" rating. The stock presently has a consensus rating of "Hold" and an average price target of $115.43. Adell Harriman Carpenter reported 7,339 shares.

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Since December 18, 2017, it had 0 buys, and 2 sales for $133,631 activity. The stock has "Overweight" rating by Barclays Capital on Tuesday, December 20. Ayala John sold $755,123 worth of Automatic Data Processing, Inc. (NASDAQ:ADP). Mcrae Mngmt invested in 0.27% or 5,849 shares. ADP's profit will be $394.71 million for 34.36 P/E if the $0.89 EPS becomes a reality. Raymond James Financial Inc reported 0.1% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:AAPL) by 4,280 shares to 43,366 shares, valued at $6.68 million in 2017Q3, according to the filing. It also upped Zimmer Biomet Hldgs Inc (ZMH) stake by 6,510 shares and now owns 117,806 shares.

Investors sentiment increased to 0.74 in Q3 2017. Its up 0.28, from 1.66 in 2017Q2. Burke Herbert National Bank Communication, a Virginia-based fund reported 4,542 shares. 100 funds opened positions while 451 raised stakes. Trillium Asset Management Ltd Limited Liability Company holds 149,269 shares. Albion Fincl Grp Inc Ut accumulated 3,221 shares. Gabelli Funds Ltd Liability Corp reported 0.07% stake. Fort Washington Advsrs Oh holds 0.04% or 22,633 shares in its portfolio. Proficio Capital Partners LLC boosted its stake in shares of Automatic Data Processing by 1.8% in the 2nd quarter. Southport Management Limited Co has 45,343 shares for 5.14% of their portfolio. Carnegie Capital Asset Mngmt Limited Liability Company invested 0.68% of its portfolio in International Business Machines Corporation (NYSE:IBM). Winslow Evans Crocker reported 0.55% stake. Girard Prtnrs Ltd owns 10,184 shares. Qs Ltd has invested 0% in Air Lease Corporation (NYSE:AL). Forte Cap Limited Liability Co Adv invested in 0.49% or 10,465 shares. They expect $0.89 earnings per share, up 2.30% or $0.02 from last year's $0.87 per share. First Advisors LP accumulated 296,547 shares. The stock was sold at an average price of $121.65, for a total value of $28,952.70. Baer Marc H also sold $300,346 worth of Air Lease Corporation (NYSE:AL) on Wednesday, August 23. O'Brien Dermot J had sold 25,115 shares worth $2.91 million on Monday, January 1. The insider Bonarti Michael A sold 3,900 shares worth $452,517. Zacks Investment Research downgraded Automatic Data Processing from a "buy" rating to a "hold" rating in a report on Wednesday, January 10th. Therefore 21% are positive. Argus Research maintained the stock with "Buy" rating in Thursday, August 3 report. As per Monday, January 30, the company rating was maintained by Stifel Nicolaus. As per Thursday, February 4, the company rating was maintained by RBC Capital Markets. The firm has "Outperform" rating by Bernstein given on Tuesday, October 31. The company was downgraded on Friday, June 2 by Evercore. AT Bancorp acquired a new position in Automatic Data Processing in the 2nd quarter valued at approximately $214,000. (NASDAQ:ADP) on Friday, September 9 with "Neutral" rating. The firm had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $3.06 billion. BMO Capital Markets maintained the stock with "Hold" rating in Monday, January 22 report. Automatic Data has $130 highest and $76 lowest target. Investors of record on Friday, September 8th will be issued a dividend of $0.57 per share. Its up 0.15, from 0.93 in 2017Q2. It worsened, as 60 investors sold ADP shares while 457 reduced holdings. 109 funds opened positions while 241 raised stakes. The business services provider reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.67 by $0.02. Moreover, Janney Montgomery Scott Lc has 0.16% invested in Automatic Data Processing, Inc.

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. Huntington Comml Bank has 0.77% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). 4,251 are owned by Ferguson Wellman Cap Mgmt. Fundsmith LLP lifted its position in Automatic Data Processing by 29.0% during the second quarter. (NASDAQ:ADP) to report earnings on February, 7. Finally, Family Capital Trust Co acquired a new position in Automatic Data Processing during the 3rd quarter worth approximately $137,000. Jensen Investment Management Inc sold 1.78 million shares as the company's stock declined 1.06% while stock markets rallied. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.51. Keybank Natl Association Oh stated it has 29,414 shares or 0% of all its holdings. 36,033 were reported by Neville Rodie Shaw. Inverness Counsel Limited Liability Corporation invested in 53,134 shares. The stock of Automatic Data Processing, Inc.