Automatic Data Processing Inc (NASDAQ:ADP) Sellers Rose Their Shorts By 30.17%

April 17, 2018 - By Patrick Harkless

Automatic Data Processing, Inc. (NASDAQ:ADP) Corporate Logo

Big Money Sentiment increased to 0.8 in 2017 Q4. It has change of 0.12, from 2017Q3’s 0.68. The ratio increased due to Automatic Data Processing, Inc. positioning: 50 sold and 442 reduced. 113 funds bought positions and 282 increased positions. Investors holded 342.26 million in 2017Q3 but now own 338.15 million shares or 1.20% less.
Valley National Advisers stated it has 0.02% of its capital in Automatic Data Processing, Inc. (NASDAQ:ADP). Boltwood Cap Management has invested 0.45% in Automatic Data Processing, Inc. (NASDAQ:ADP). Marco Investment Mgmt Limited Liability Corporation holds 3,684 shs or 0.07% of its capital. Hl Svcs Llc has 0.23% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 102,209 shs. Fny Managed Accounts Limited Liability Com holds 42 shs. Stephens Ar accumulated 72,614 shs. Texas Yale Capital invested in 0.06% or 6,359 shs. Monarch Capital has 2.41% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 55,301 shs. 23,443 were accumulated by Old Natl Bank & Trust In. Deutsche Savings Bank Ag owns 0.15% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 2.00 million shs. Liberty reported 5,942 shs. Mountain Pacific Inv Advisers Id owns 0.12% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 9,650 shs. Fragasso Incorporated reported 1,738 shs stake. Blue Fincl accumulated 0.47% or 6,951 shs. 1.04 million were reported by Fayez Sarofim.

Automatic Data Processing, Inc. had 26 selling transactions and 0 buys since December 31, 2017. This’s net activity of $43.49 million. On Monday, January 1 the insider Politi Douglas W sold $2.42 million. $259,156 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Black Maria on Tuesday, January 2. $405,250 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Weinstein Donald. Another trade for 5,688 shs valued at $659,979 was made by JONES JOHN P III on Tuesday, January 2. 1,592 shs were sold by Dyson Deborah L, worth $184,720 on Tuesday, January 2. Flynn Edward B III sold $928,498 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) or 7,886 shs on Tuesday, January 9.

Automatic Data Processing Inc (NASDAQ:ADP) had an increase of its shares shorted by 30.17%. In April was announced ADP’s total 5.84M shares shorted by FINRA. That’s 30.17% up from 4.49M shares. Former ADP’s position will need 2 days to recover. It has 3.70 million average volume. Automatic Data Processing Inc’s shares shorted float is 1.32%.

On during the last trading session the stock increased $1.64 or 1.42%, reaching $116.91.Currently Automatic Data Processing, Inc. is uptrending after 9.09% change in last April 17, 2017. ADP has 1.65M shares volume. ADP underperformed the S&P 500 by 2.46%.

Automatic Data Processing, Inc., together with its subsidiaries, provides business process outsourcing services worldwide.The firm is valued at $51.82 billion. The firm operates through two divisions, Employer Services and Professional Employer Organization Services.30.21 is the P/E ratio. The Employer Services segment offers various human resources (HR) business process outsourcing and technology-enabled human capital management solutions to clients.

Automatic Data Processing, Inc. (NASDAQ:ADP) Ratings Coverage

Total analysts of 11 have positions in Automatic Data Processing (NASDAQ:ADP) as follows: 4 rated it a “Buy”, 0 with “Sell” and 7 with “Hold”. The positive are 36%. The firm has $133.0 highest while $78.0 is the lowest [Target]. The average target $118.20 is 1.10% above the last ($116.91) price. Since October 26, 2017 according to StockzIntelligence Inc Automatic Data Processing has 19 analyst reports. On Monday, April 2 the firm has “Buy” rating by RBC Capital Markets given. On Thursday, February 1 RBC Capital Markets maintained the shares of ADP in report with “Hold” rating. On Thursday, February 1 Barclays Capital maintained the shares of ADP in report with “Equal-Weight” rating. The stock rating was maintained by BMO Capital Markets with “Hold” on Wednesday, January 31. On Wednesday, January 31 Robert W. Baird maintained Automatic Data Processing, Inc. (NASDAQ:ADP) with “Hold” rating. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, November 14. On Friday, November 3 the rating was maintained by BMO Capital Markets with “Outperform”. On Monday, January 22 the firm earned “Hold” rating by BMO Capital Markets. On Thursday, January 18 the firm earned “Hold” rating by RBC Capital Markets. On Monday, November 6 RBC Capital Markets maintained the shares of ADP in report with “Hold” rating.

Automatic Data Processing, Inc. (NASDAQ:ADP) Institutional Investors Chart

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