As Automatic Data Processing (ADP) Market Valuation Declined, Holder Page Arthur B Trimmed Its Position by $604,305; Ativo Capital Management Trimmed Position in Canadian Imperial Bank Comm To (CM) as Share Price Declined

April 19, 2018 - By Marie Mckinney

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

Page Arthur B decreased its stake in Automatic Data Processing (ADP) by 12.65% based on its latest 2017Q4 regulatory filing with the SEC. Page Arthur B sold 5,165 shares as the company’s stock declined 3.95% with the market. The institutional investor held 35,651 shares of the technology company at the end of 2017Q4, valued at $4.18 million, down from 40,816 at the end of the previous reported quarter. Page Arthur B who had been investing in Automatic Data Processing for a number of months, seems to be less bullish one the $52.58B market cap company. The stock increased 0.61% or $0.72 during the last trading session, reaching $118.61. About 1.80M shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 9.09% since April 19, 2017 and is uptrending. It has underperformed by 2.46% the S&P500.

Ativo Capital Management Llc decreased its stake in Canadian Imperial Bank Comm To (CM) by 26.63% based on its latest 2017Q4 regulatory filing with the SEC. Ativo Capital Management Llc sold 5,993 shares as the company’s stock declined 9.42% with the market. The institutional investor held 16,511 shares of the commercial banks company at the end of 2017Q4, valued at $1.61 million, down from 22,504 at the end of the previous reported quarter. Ativo Capital Management Llc who had been investing in Canadian Imperial Bank Comm To for a number of months, seems to be less bullish one the $37.52B market cap company. The stock decreased 0.36% or $0.32 during the last trading session, reaching $87.78. About 223,039 shares traded. Canadian Imperial Bank of Commerce (NYSE:CM) has risen 0.83% since April 19, 2017 and is uptrending. It has underperformed by 10.72% the S&P500.

Since December 31, 2017, it had 0 insider purchases, and 26 insider sales for $43.49 million activity. 1,652 shares were sold by Sackman Stuart, worth $206,500 on Wednesday, January 31. On Tuesday, January 2 the insider Black Maria sold $259,156. Bonarti Michael A sold $3.53M worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Tuesday, January 23. Another trade for 95,756 shares valued at $11.31M was sold by Rodriguez Carlos A. On Tuesday, January 2 JONES JOHN P III sold $659,979 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) or 5,688 shares. Siegmund Jan also sold $5.68 million worth of Automatic Data Processing, Inc. (NASDAQ:ADP) shares.

Investors sentiment increased to 0.8 in 2017 Q4. Its up 0.12, from 0.68 in 2017Q3. It is positive, as 50 investors sold ADP shares while 442 reduced holdings. 113 funds opened positions while 282 raised stakes. 338.15 million shares or 1.20% less from 342.26 million shares in 2017Q3 were reported. 10,576 are owned by Maple Management. Zevin Asset Ltd Liability holds 211,777 shares or 5.64% of its portfolio. Alliancebernstein LP owns 5.47 million shares. Stewart & Patten Lc stated it has 156,637 shares. Park National Corp Oh holds 2.34% or 358,012 shares in its portfolio. The Nebraska-based Farmers And Merchants Invs Inc has invested 0.38% in Automatic Data Processing, Inc. (NASDAQ:ADP). 14,425 are owned by Carret Asset Mngmt Ltd Liability Com. 89,542 were reported by Cap Fund Management Sa. 842,914 were reported by Rhumbline Advisers. Aureus Asset Management Ltd Liability Corp invested 0.14% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Robeco Institutional Asset Management Bv invested in 23,579 shares. Mariner Wealth Advisors Limited Liability Company reported 0.08% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Loeb Ptnrs Corporation owns 4,000 shares. Macquarie Grp Limited holds 0% or 24,300 shares in its portfolio. Cleararc Cap reported 11,297 shares or 0.18% of all its holdings.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on May, 2 before the open. They expect $1.44 earnings per share, up 9.92% or $0.13 from last year’s $1.31 per share. ADP’s profit will be $638.31 million for 20.59 P/E if the $1.44 EPS becomes a reality. After $0.99 actual earnings per share reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts 45.45% EPS growth.

Page Arthur B, which manages about $114.86M US Long portfolio, upped its stake in Eog Resources (NYSE:EOG) by 4,871 shares to 8,751 shares, valued at $945,000 in 2017Q4, according to the filing.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Automatic Data had 59 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, May 3 by Argus Research. As per Thursday, November 2, the company rating was maintained by Stifel Nicolaus. The stock has “Market Perform” rating by William Blair on Friday, July 21. BMO Capital Markets maintained the shares of ADP in report on Friday, July 28 with “Outperform” rating. The firm has “Buy” rating given on Thursday, August 3 by Argus Research. The firm has “In-Line” rating by Evercore given on Monday, July 31. The rating was downgraded by Morgan Stanley to “Underweight” on Thursday, August 3. The firm earned “Buy” rating on Tuesday, November 3 by Argus Research. The firm earned “Equal-Weight” rating on Tuesday, July 18 by Barclays Capital. The firm has “Neutral” rating by Wedbush given on Friday, September 9.

Analysts await Canadian Imperial Bank of Commerce (NYSE:CM) to report earnings on May, 24. They expect $2.23 earnings per share, up 12.06% or $0.24 from last year’s $1.99 per share. CM’s profit will be $953.28 million for 9.84 P/E if the $2.23 EPS becomes a reality. After $2.50 actual earnings per share reported by Canadian Imperial Bank of Commerce for the previous quarter, Wall Street now forecasts -10.80% negative EPS growth.

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

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