Cullinan Associates Position in Automatic Data (ADP) Lowered by $3.80 Million; Qep Res (QEP) Holder Talara Capital Management Has Boosted Holding

May 18, 2018 - By Nellie Frank

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

David Zusman increased its stake in Qep Res Inc (QEP) by 13.64% based on its latest 2017Q4 regulatory filing with the SEC. Talara Capital Management Llc bought 341,015 shares as the company’s stock declined 2.19% with the market. The hedge fund run by David Zusman held 2.84M shares of the energy company at the end of 2017Q4, valued at $27.19M, up from 2.50 million at the end of the previous reported quarter. Talara Capital Management Llc who had been investing in Qep Res Inc for a number of months, seems to be bullish on the $3.13B market cap company. The stock increased 1.31% or $0.17 during the last trading session, reaching $13.19. About 3.96M shares traded. QEP Resources, Inc. (NYSE:QEP) has declined 22.78% since May 18, 2017 and is downtrending. It has underperformed by 34.33% the S&P500.

Cullinan Associates Inc decreased its stake in Automatic Data (ADP) by 88.56% based on its latest 2017Q4 regulatory filing with the SEC. Cullinan Associates Inc sold 32,500 shares as the company’s stock declined 3.95% with the market. The institutional investor held 4,200 shares of the technology company at the end of 2017Q4, valued at $492,000, down from 36,700 at the end of the previous reported quarter. Cullinan Associates Inc who had been investing in Automatic Data for a number of months, seems to be less bullish one the $56.38B market cap company. The stock decreased 0.02% or $0.03 during the last trading session, reaching $127.99. About 1.58M shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 9.09% since May 18, 2017 and is uptrending. It has underperformed by 2.46% the S&P500.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Automatic Data has $140 highest and $76 lowest target. $112.63’s average target is -12.00% below currents $127.99 stock price. Automatic Data had 64 analyst reports since August 3, 2015 according to SRatingsIntel. BMO Capital Markets maintained Automatic Data Processing, Inc. (NASDAQ:ADP) on Friday, July 28 with “Outperform” rating. The rating was maintained by Robert W. Baird with “Hold” on Tuesday, October 3. The firm has “Hold” rating given on Wednesday, September 13 by RBC Capital Markets. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Equal-Weight” rating given on Tuesday, July 18 by Barclays Capital. Stifel Nicolaus maintained Automatic Data Processing, Inc. (NASDAQ:ADP) rating on Wednesday, April 4. Stifel Nicolaus has “Hold” rating and $126 target. Stifel Nicolaus maintained Automatic Data Processing, Inc. (NASDAQ:ADP) on Monday, August 28 with “Hold” rating. The firm earned “Hold” rating on Friday, October 13 by BMO Capital Markets. William Blair upgraded Automatic Data Processing, Inc. (NASDAQ:ADP) on Monday, August 31 to “Outperform” rating. The rating was maintained by BMO Capital Markets with “Hold” on Monday, January 22. Argus Research maintained it with “Buy” rating and $130 target in Thursday, August 3 report.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on July, 26. They expect $0.89 EPS, up 36.92% or $0.24 from last year’s $0.65 per share. ADP’s profit will be $392.06 million for 35.95 P/E if the $0.89 EPS becomes a reality. After $1.52 actual EPS reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts -41.45% negative EPS growth.

Investors sentiment increased to 0.8 in Q4 2017. Its up 0.12, from 0.68 in 2017Q3. It improved, 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. Moreover, Albion Fincl Gp Ut has 0.06% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 3,221 shares. State Of Wisconsin Inv Board reported 0.18% in Automatic Data Processing, Inc. (NASDAQ:ADP). Parallax Volatility Advisers Ltd Partnership reported 10,360 shares. Glg Lc accumulated 0.19% or 22,473 shares. Comerica Secs Inc invested in 2,864 shares. 736,851 are held by Bahl And Gaynor. Monetary Mngmt Gp reported 0.24% in Automatic Data Processing, Inc. (NASDAQ:ADP). S&Co reported 236,998 shares stake. Wallace Capital Management Inc owns 1,790 shares. Thompson Rubinstein Inv Or holds 1.49% or 38,654 shares. 1,710 were accumulated by Steinberg Global Asset. State Board Of Administration Of Florida Retirement Systems owns 0.2% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 630,334 shares. State Of Alaska Department Of Revenue owns 83,909 shares or 0.23% of their US portfolio. Mercer Advisers Incorporated has 0.4% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Amica Mutual Ins Company invested 0.21% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP).

Since December 31, 2017, it had 0 insider purchases, and 27 insider sales for $43.50 million activity. 1,786 Automatic Data Processing, Inc. (NASDAQ:ADP) shares with value of $213,820 were sold by Black Maria. $11.31M worth of stock was sold by Rodriguez Carlos A on Wednesday, January 3. On Tuesday, January 2 Bonarti Michael A sold $452,517 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) or 3,900 shares. Ayala John sold 6,508 shares worth $755,123. Another trade for 2,275 shares valued at $263,968 was made by Weinstein Donald on Tuesday, January 2. $2.42 million worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Politi Douglas W.

More notable recent Automatic Data Processing, Inc. (NASDAQ:ADP) news were published by: Benzinga.com which released: “Chaikin: Don’t Worry, We’re In A Normal Market” on May 01, 2018, also Nasdaq.com with their article: “Recent Analysis Shows Shutterfly, Gulfport Energy, Automatic Data Processing, Group 1 Automotive, Red Robin …” published on May 16, 2018, Nasdaq.com published: “ADP Reports Third Quarter Fiscal 2018 Results” on May 02, 2018. More interesting news about Automatic Data Processing, Inc. (NASDAQ:ADP) were released by: Seekingalpha.com and their article: “ADP +3.2% on Q3 beat, raised full-year profit expectations” published on May 02, 2018 as well as Streetinsider.com‘s news article titled: “Sachem Head Capital Enters ADP (ADP), PagSeguro Digita (PAGS), WorldPay (WP) (more…) – 13F” with publication date: May 15, 2018.

Cullinan Associates Inc, which manages about $1.27B and $1.36B US Long portfolio, upped its stake in Accenture Ltd (NYSE:ACN) by 3,900 shares to 26,250 shares, valued at $4.02M in 2017Q4, according to the filing. It also increased its holding in Metlife Inc (NYSE:MET) by 25,650 shares in the quarter, for a total of 115,450 shares, and has risen its stake in Royal Dutch Shell.

Talara Capital Management Llc, which manages about $249.36 million and $188.65M US Long portfolio, decreased its stake in Air Prods & Chems Inc (NYSE:APD) by 6,319 shares to 82,383 shares, valued at $13.52M in 2017Q4, according to the filing. It also reduced its holding in Newmont Mining Corp (NYSE:NEM) by 65,598 shares in the quarter, leaving it with 82,543 shares, and cut its stake in Transdigm Group Inc (NYSE:TDG).

More recent QEP Resources, Inc. (NYSE:QEP) news were published by: Globenewswire.com which released: “QEP Resources Reports First Quarter 2018 Financial and Operating Results” on April 25, 2018. Also Seekingalpha.com published the news titled: “QEP Resources edges lower after Q1 loss, production decline” on April 25, 2018. Globenewswire.com‘s news article titled: “New Research: Key Drivers of Growth for root9B Holdings Inc., Comfort Systems, SS&C Technologies, ZIOPHARM …” with publication date: May 16, 2018 was also an interesting one.

Since March 8, 2018, it had 1 insider buy, and 0 selling transactions for $90,000 activity.

Investors sentiment decreased to 1.03 in Q4 2017. Its down 0.20, from 1.23 in 2017Q3. It is negative, as 33 investors sold QEP shares while 83 reduced holdings. 38 funds opened positions while 81 raised stakes. 207.43 million shares or 5.41% less from 219.29 million shares in 2017Q3 were reported. Ameriprise Incorporated reported 0% stake. Amalgamated Bancorporation owns 46,653 shares. Canada Pension Plan Investment Board holds 638,100 shares or 0.01% of its portfolio. Ngam LP reported 255,067 shares stake. Arrowstreet Capital Partnership owns 109,374 shares for 0% of their portfolio. Hsbc Holding Public Ltd Liability Co holds 37,801 shares or 0% of its portfolio. Ls Inv Advisors Limited Liability Co has 15,501 shares. Huntington National Bank & Trust, a Ohio-based fund reported 2,400 shares. Riverhead Capital Mngmt Lc holds 303,705 shares or 0.12% of its portfolio. Shine Invest Advisory Svcs holds 284 shares. 628,188 were accumulated by Bluemountain Capital Management Limited Co. State Of Alaska Department Of Revenue accumulated 18,700 shares. Vr Advisory Svcs Ltd reported 0.44% of its portfolio in QEP Resources, Inc. (NYSE:QEP). Group Inc reported 498,484 shares. First Mercantile Tru Commerce owns 29,020 shares.

QEP Resources, Inc. (NYSE:QEP) Institutional Positions Chart

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