Automatic Data Processing In (ADP) Shareholder Pennsylvania Trust Co Lowered Its Holding

Automatic Data Processing, Inc. (NASDAQ:ADP) LogoInvestors sentiment decreased to 0.82 in 2019 Q2. Its down 0.13, from 0.95 in 2019Q1. It worsened, as 45 investors sold ADP shares while 448 reduced holdings. 112 funds opened positions while 291 raised stakes. 337.62 million shares or 0.85% less from 340.50 million shares in 2019Q1 were reported. Moreover, Carnegie Asset Mngmt Limited Liability Company has 0.11% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 10,658 shares. National Bank Of Nova Scotia has 0.66% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Cambridge Advisors holds 0.5% or 9,100 shares in its portfolio. Hudock Cap Grp Inc Inc Ltd has 300 shares for 0.02% of their portfolio. Reik And Limited Liability holds 0.3% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 6,665 shares. Smith Moore & holds 0.11% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 2,830 shares. Cornerstone owns 1,368 shares for 0.02% of their portfolio. California State Teachers Retirement Sys holds 0.24% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 730,947 shares. Old Dominion Cap Mngmt has 5,580 shares for 0.32% of their portfolio. Aviance Cap, a Florida-based fund reported 7,139 shares. The Massachusetts-based Wellington Group Inc Inc Llp has invested 0.19% in Automatic Data Processing, Inc. (NASDAQ:ADP). Dorsey And Whitney Trust Ltd Limited Liability Company accumulated 5,539 shares. Girard Partners Ltd accumulated 9,455 shares. 1,956 are held by Wisconsin Cap Management Ltd Llc. Fort LP stated it has 16,848 shares.

Pennsylvania Trust Co decreased its stake in Automatic Data Processing In (ADP) by 31.76% based on its latest 2019Q2 regulatory filing with the SEC. Pennsylvania Trust Co sold 73,315 shares as the company’s stock rose 5.74% . The institutional investor held 157,537 shares of the technology company at the end of 2019Q2, valued at $26.05M, down from 230,852 at the end of the previous reported quarter. Pennsylvania Trust Co who had been investing in Automatic Data Processing In for a number of months, seems to be less bullish one the $69.93B market cap company. The stock decreased 1.94% or $3.19 during the last trading session, reaching $161.14. About 2.29M shares traded or 11.82% up from the average. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 24.00% since September 12, 2018 and is uptrending. It has outperformed by 24.00% the S&P500.

Pennsylvania Trust Co, which manages about $2.44 billion US Long portfolio, upped its stake in Accenture Plc Ireland (NYSE:ACN) by 37,709 shares to 129,460 shares, valued at $23.92M in 2019Q2, according to the filing. It also increased its holding in Starbucks Corp (NASDAQ:SBUX) by 65,860 shares in the quarter, for a total of 102,030 shares, and has risen its stake in Becton Dickinson & Co (NYSE:BDX).

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on October, 30. They expect $1.33 EPS, up 10.83 % or $0.13 from last year’s $1.2 per share. ADP’s profit will be $577.15 million for 30.29 P/E if the $1.33 EPS becomes a reality. After $1.14 actual EPS reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts 16.67 % EPS growth.

More notable recent Automatic Data Processing, Inc. (NASDAQ:ADP) news were published by: Nasdaq.com which released: “Interesting ADP Put And Call Options For September 13th – Nasdaq” on August 05, 2019, also Nasdaq.com with their article: “Automatic Data Processing (ADP) Hits a New 52-Week High – Nasdaq” published on March 18, 2019, Seekingalpha.com published: “ADP Stock: A ‘Legacy Asset’ To Own For The Next 100 Years – Seeking Alpha” on April 03, 2019. More interesting news about Automatic Data Processing, Inc. (NASDAQ:ADP) were released by: Nasdaq.com and their article: “Notable ETF Outflow Detected – SPYG, AVGO, AMGN, ADP – Nasdaq” published on August 14, 2019 as well as Finance.Yahoo.com‘s news article titled: “U.S. Dollar Remains Weak After ADP, Jobless Claims – Yahoo Finance” with publication date: September 05, 2019.

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

Among 4 analysts covering Automatic Data Processing (NASDAQ:ADP), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Automatic Data Processing has $19000 highest and $14700 lowest target. $173.20’s average target is 7.48% above currents $161.14 stock price. Automatic Data Processing had 8 analyst reports since April 5, 2019 according to SRatingsIntel. As per Monday, August 5, the company rating was maintained by Barclays Capital. The firm earned “Neutral” rating on Thursday, August 1 by Robert W. Baird. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, August 15 report. JP Morgan maintained the stock with “Neutral” rating in Thursday, August 1 report.

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

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