Short Interest Worth Mentioning Today: What’s in Automatic Data Processing Incorporated (NASDAQ:ADP) After Rise in Shorted Shares?

November 23, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Worth Mentioning Today: What’s in Automatic Data Processing Incorporated (NASDAQ:ADP) After Rise in Shorted Shares?

The stock of Automatic Data Processing Incorporated (NASDAQ:ADP) registered an increase of 4.65% in short interest. ADP’s total short interest was 6.55M shares in November as published by FINRA. Its up 4.65% from 6.26M shares, reported previously. With 1.45M shares average volume, it will take short sellers 5 days to cover their ADP’s short positions. About 1.06M shares traded hands. Automatic Data Processing (NASDAQ:ADP) has risen 7.88% since April 21, 2016 and is uptrending. It has outperformed by 2.55% 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 a market cap of $44.22 billion. The Firm also provides business process outsourcing solutions. It has a 29.13 P/E ratio. The Company’s divisions include Employer Services and Professional Employer Organization (PEO) Services.

Insitutional Activity: The institutional sentiment increased to 0.96 in Q2 2016. Its up 0.07, from 0.89 in 2016Q1. The ratio improved, as 44 funds sold all Automatic Data Processing shares owned while 379 reduced positions. 59 funds bought stakes while 316 increased positions. They now own 344.03 million shares or 3.92% less from 358.07 million shares in 2016Q1.
Cape Cod Five Cents Fincl Bank reported 16,450 shares or 0.28% of all its holdings. Bar Harbor holds 6,655 shares or 0.3% of its portfolio. Ghp Advsr owns 25,638 shares or 0.51% of their US portfolio. Hartford Mgmt has 1.77% invested in the company for 32,541 shares. Moreover, Burke And Herbert State Bank And Co has 0.48% invested in Automatic Data Processing (NASDAQ:ADP) for 5,767 shares. Kayne Anderson Rudnick Inv Mngmt Ltd Liability Company reported 206,724 shares or 0.29% of all its holdings. Pictet Asset Mngmt Ltd last reported 0.08% of its portfolio in the stock. Baker Ellis Asset Mgmt Limited Liability holds 0.14% of its portfolio in Automatic Data Processing (NASDAQ:ADP) for 4,870 shares. Martin Currie Ltd has invested 0.49% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Cincinnati last reported 0.89% of its portfolio in the stock. Peninsula Asset last reported 34,342 shares in the company. Cg Asset Management Ltd Liability holds 10,300 shares or 0.38% of its portfolio. Gofen And Glossberg Limited Il owns 22,408 shares or 0.09% of their US portfolio. Blackrock Institutional Na owns 12.71M shares or 0.19% of their US portfolio. Lenox Wealth Mgmt has invested 0.04% of its portfolio in Automatic Data Processing (NASDAQ:ADP).

Insider Transactions: Since June 7, 2016, the stock had 0 insider buys, and 17 insider sales for $11.32 million net activity. 249 shares were sold by Albinson Brock, worth $22,340 on Thursday, September 1. $451,947 worth of Automatic Data Processing (NASDAQ:ADP) shares were sold by O’Brien Dermot J. Siegmund Jan also sold $588,006 worth of Automatic Data Processing (NASDAQ:ADP) on Wednesday, September 7. Ayala John also sold $97,167 worth of Automatic Data Processing (NASDAQ:ADP) shares. 67,064 shares were sold by Rodriguez Carlos A, worth $6.37M. $47,430 worth of Automatic Data Processing (NASDAQ:ADP) shares were sold by Black Maria. Shares for $434,245 were sold by Bonarti Michael A on Thursday, September 1.

Automatic Data Processing (NASDAQ:ADP) Ratings Coverage

Out of 11 analysts covering Automatic Data (NASDAQ:ADP), 3 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 27% are positive. Automatic Data has been the topic of 14 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Monday, August 3 by RBC Capital Markets. As per Thursday, February 4, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating by Bernstein given on Monday, July 11. The company was maintained on Tuesday, November 3 by Argus Research. As per Friday, September 9, the company rating was initiated by Wedbush. The rating was maintained by Topeka Capital Markets on Thursday, October 29 with “Sell”. JP Morgan maintained the shares of ADP in a report on Friday, August 14 with “Neutral” rating. The rating was initiated by Compass Point on Friday, April 15 with “Sell”. The firm has “Outperform” rating by William Blair given on Monday, August 31. The stock has “Buy” rating given by Argus Research on Tuesday, May 3.

ADP Company Profile

Automatic Data Processing, Inc. (ADP), incorporated on June 12, 1961, is a well-known provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Firm also provides business process outsourcing solutions. The Company’s divisions include Employer Services and Professional Employer Organization (PEO) Services. The Firm markets its solutions primarily through its direct sales force. Employer Services also markets its solutions through indirect sales channels, such as marketing relationships with banks and certified public accountants, among others.

More notable recent Automatic Data Processing (NASDAQ:ADP) news were published by: Forbes.com which released: “Automatic Data Processing a Top Ranked SAFE Dividend Stock With 2.5% Yield (ADP)” on November 09, 2016, also Foxbusiness.com with their article: “PEO Services Growth Propels Automatic Data Processing Earnings Higher” published on November 08, 2016, Finance.Yahoo.com published: “Automatic Data Processing’s Earnings, Dividend Increase” on November 14, 2016. More interesting news about Automatic Data Processing (NASDAQ:ADP) were released by: Nasdaq.com and their article: “Automatic Data Processing to announce dividend increase” published on November 05, 2016 as well as Seekingalpha.com‘s news article titled: “Analysis Of Automatic Data Processing’s Earnings And Dividend Increases” with publication date: November 14, 2016.

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By Linda Rogers


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