BB&T Securities LLC Boosts Stake in Automatic Data Processing (ADP)

The institutional investor held 6.67 million shares of the oil & gas production company at the end of 2017Q2, valued at $144.18 million, up from 5.58 million at the end of the previous reported quarter. Using a broader approach, the stock has been trading 0.90% off of the 200-day moving average. It improved, as 23 investors sold SNPS shares while 144 reduced holdings. The Bradley Foster & Sargent Inc holds 287,360 shares with $914,000 value, up from 169,360 last quarter.

For the most active stocks in the market, it is highly important to check the outstanding shares of the company. (NASDAQ:ADP). The stock saw a move of -0.89% during the latest trading session. About 100,064 shares traded. It has underperformed by 0.87% the S&P500. BidaskClub raised shares of Automatic Data Processing from a "hold" rating to a "buy" rating in a research note on Tuesday, August 1st. Therefore 71% are positive. Analysts expect that Automatic Data Processing will post $3.81 earnings per share for the current fiscal year. The firm has "Market Perform" rating given on Monday, July 31 by BMO Capital Markets.

09/09/2016 - Wedbush began new coverage on Automatic Data Processing, Inc. giving the company a "neutral" rating.

07/11/2016 - Automatic Data Processing, Inc. was upgraded to "outperform" by analysts at Sanford C. Bernstein. Barclays Capital initiated Automatic Data Processing (NASDAQ:ADP) rating on Tuesday, December 20. The firm earned "Neutral" rating on Friday, September 9 by Wedbush. RBC Capital Markets has "Outperform" rating and $64 target. The rating was initiated by Berenberg with "Buy" on Wednesday, July 13. (NYSE:C), 18 have Buy rating, 3 Sell and 15 Hold. The company was downgraded on Friday, July 29 by Robert W. Baird.

Analysts await Automatic Data Processing (NASDAQ:ADP) to report earnings on November, 1. During the same quarter in the prior year, the business earned $0.69 EPS. ADP's profit will be $377.70M for 33.33 P/E if the $0.85 EPS becomes a reality.

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Investors sentiment is 1.1 in 2017 Q2. Its up 0.03, from 1.17 in 2017Q1.

Shares of Automatic Data Processing, Inc. 355.68 million shares or 2.28% more from 347.76 million shares in 2017Q1 were reported. Albert D Mason Inc has invested 2.12% in Automatic Data Processing (NASDAQ:ADP). Prudential Public Ltd Co holds 4.71 million shares or 1.03% of its portfolio. The stock of Automatic Data Processing (NASDAQ:ADP) has "Hold" rating given on Thursday, July 27 by Stifel Nicolaus. Edgemoor Inv Advisors Inc owns 2,918 shares. The legal version of this report can be viewed at https://www.truebluetribune.com/2017/10/12/security-national-trust-co-sells-2559-shares-of-automatic-data-processing-adp.html. Everence holds 8,962 shares. Tyers Asset Management LLC acquired a new position in Automatic Data Processing during the fourth quarter valued at about $1,005,000. Ngam Advsrs Limited Partnership, a Massachusetts-based fund reported 228,145 shares. Beach Investment Management Limited Liability Corporation stated it has 0.23% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Plante Moran Financial Lc accumulated 0.4% or 6,261 shares. Beacon Investment Advisory Services Inc. bought a new stake in shares of Automatic Data Processing during the second quarter worth approximately $427,000.

Since May 24, 2017, it had 0 insider purchases, and 1 insider sale for $4.94 million activity.

More notable recent Automatic Data Processing (NASDAQ:ADP) news were published by: Seekingalpha.com which released: "Pershing Square Letter - Nominees For ADP's Transformation" on September 29, 2017, also Seekingalpha.com with their article: "Automatic Data Processing: Consistent Earner" published on September 25, 2017, Fool.com published: "Why Automatic Data Processing, Inc. Shares Lost 10.5% in August" with publication date: September 17, 2017. Of all stocks tracked, Automatic Data Processing had the 0th highest net out-flow for the day. 41 funds opened positions while 113 raised stakes. Earnings per share acts as an indicator of a company's profitability and is considered the single most essential variable in determining the share price of a company. Legg Mason, Inc. has 94.33 million shares outstanding, and in the last trade has seen ATR around 0.72. Moreover, Dupont Capital Management has 0.01% invested in Antero Resources Corp (NYSE:AR). In that case, its shares would mark a 1.57% decline from the most recent price. Parkside Fin Bancorporation Tru accumulated 45 shares or 0% of the stock. Its up 9.19% from 136,000 shares previously. Following the sale, the chief executive officer now directly owns 146,494 shares of the company's stock, valued at $16,114,340. First Limited Partnership reported 660,441 shares stake. Fincl Architects Inc holds 0.01% of its portfolio in Synopsys, Inc. Alphamark Advsrs Ltd Company reported 47 shares or 0% of all its holdings. Moreover, Raymond James & Assocs has 0% invested in Antero Resources Corp (NYSE:AR) for 54,443 shares. Synopsys Inc now has $12.73 billion valuation. The stock was sold at an average price of $106.64, for a total transaction of $67,289.84.

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