Haverford Trust Company Has Increased Its Automatic Data Processing (ADP) Stake; HP (HPQ) SI Decreased By 11.95%

April 24, 2018 - By Darrin Black

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Haverford Trust Company increased Automatic Data Processing (ADP) stake by 0.88% reported in 2017Q4 SEC filing. Haverford Trust Company acquired 2,604 shares as Automatic Data Processing (ADP)’s stock declined 3.95%. The Haverford Trust Company holds 297,926 shares with $34.91M value, up from 295,322 last quarter. Automatic Data Processing now has $51.70B valuation. The stock decreased 0.40% or $0.47 during the last trading session, reaching $116.63. About 520,766 shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 9.09% since April 24, 2017 and is uptrending. It has underperformed by 2.46% the S&P500.

HP Inc (NYSE:HPQ) had a decrease of 11.95% in short interest. HPQ’s SI was 27.58 million shares in April as released by FINRA. Its down 11.95% from 31.33 million shares previously. With 12.16 million avg volume, 2 days are for HP Inc (NYSE:HPQ)’s short sellers to cover HPQ’s short positions. The SI to HP Inc’s float is 1.68%. The stock decreased 0.42% or $0.09 during the last trading session, reaching $21.29. About 2.68 million shares traded. HP Inc. (NYSE:HPQ) has risen 26.57% since April 24, 2017 and is uptrending. It has outperformed by 15.02% the S&P500.

Since December 31, 2017, it had 0 insider buys, and 26 sales for $43.49 million activity. $115,319 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Albinson Brock on Monday, January 22. Shares for $864,837 were sold by Ayala John. $1.19 million worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by O’Brien Dermot J. Shares for $11.31M were sold by Rodriguez Carlos A on Wednesday, January 3. Dyson Deborah L had sold 1,592 shares worth $184,720. 592 shares valued at $72,129 were sold by Black Maria on Tuesday, January 23. $928,498 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Flynn Edward B III.

Investors sentiment increased to 0.8 in 2017 Q4. Its up 0.12, from 0.68 in 2017Q3. It increased, 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. Cypress Group has invested 0.21% in Automatic Data Processing, Inc. (NASDAQ:ADP). Shine Investment Advisory Services Inc reported 990 shares. Athena Capital Limited Liability Com holds 0.08% or 2,668 shares in its portfolio. The Florida-based Sabal Comm has invested 0.03% in Automatic Data Processing, Inc. (NASDAQ:ADP). Reik And Ltd Liability Com, New York-based fund reported 6,165 shares. Pacifica Capital Investments Lc holds 0.23% or 4,000 shares. Cohen Lawrence B, Massachusetts-based fund reported 3,017 shares. Sustainable Growth Advisers Limited Partnership holds 1.73% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 1.26 million shares. Ftb Advsrs invested 0.03% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Lenox Wealth Mgmt invested 0.02% in Automatic Data Processing, Inc. (NASDAQ:ADP). Quantitative Systematic Strategies Limited Liability Company holds 8,530 shares. Wesbanco Bankshares has invested 0.12% in Automatic Data Processing, Inc. (NASDAQ:ADP). Opus Grp Inc Lc invested in 0.05% or 1,781 shares. Haverford Fincl Svcs Incorporated stated it has 2,646 shares or 0.11% of all its holdings. Savings Bank Of Mellon reported 10.57 million shares.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Automatic Data had 61 analyst reports since August 3, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Automatic Data Processing, Inc. (NASDAQ:ADP) rating on Wednesday, January 31. Stifel Nicolaus has “Hold” rating and $133.0 target. Argus Research maintained Automatic Data Processing, Inc. (NASDAQ:ADP) rating on Thursday, August 3. Argus Research has “Buy” rating and $130 target. On Friday, September 9 the stock rating was initiated by Wedbush with “Neutral”. The firm has “Hold” rating given on Friday, January 12 by Citigroup. Compass Point initiated the shares of ADP in report on Friday, April 15 with “Sell” rating. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, October 3. The company was maintained on Wednesday, April 4 by Stifel Nicolaus. The firm earned “Sector Perform” rating on Thursday, February 4 by RBC Capital Markets. Robert W. Baird maintained Automatic Data Processing, Inc. (NASDAQ:ADP) rating on Tuesday, October 3. Robert W. Baird has “Hold” rating and $111.0 target. On Wednesday, January 31 the stock rating was maintained by BMO Capital Markets with “Hold”.

Haverford Trust Company decreased Jp Morgan Alerian Mlp Index (AMJ) stake by 180,524 shares to 1.54M valued at $42.20M in 2017Q4. It also reduced Mondelez International Inc Cl A (NASDAQ:MDLZ) stake by 21,525 shares and now owns 1.35 million shares. Ww Grainger Inc (NYSE:GWW) was reduced too.

Since December 9, 2017, it had 0 insider buys, and 7 sales for $21.23 million activity. $7.06M worth of HP Inc. (NYSE:HPQ) shares were sold by LORES ENRIQUE. Rivera Kim M had sold 14,635 shares worth $308,458. Another trade for 15,000 shares valued at $337,500 was made by COUGHLIN RON on Friday, January 12. FLAXMAN JON E sold $4.48 million worth of HP Inc. (NYSE:HPQ) on Friday, January 5. Banerji Shumeet also sold $767,249 worth of HP Inc. (NYSE:HPQ) shares.

Investors sentiment increased to 1.63 in 2017 Q4. Its up 1.25, from 0.38 in 2017Q3. It is positive, as 3 investors sold HP Inc. shares while 5 reduced holdings. 7 funds opened positions while 6 raised stakes. 1.73 million shares or 59.43% more from 1.08 million shares in 2017Q3 were reported. Eqis Capital Management Inc holds 109,639 shares or 0.12% of its portfolio. Gemmer Asset Mngmt Limited Liability Company stated it has 0.02% in HP Inc. (NYSE:HPQ). Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 117,938 shares. Balasa Dinverno Foltz Ltd Com holds 59,520 shares or 0.19% of its portfolio. Alphamark Advsrs Limited Liability Co has invested 0% in HP Inc. (NYSE:HPQ). 99,650 were reported by Grassi Investment. Nuwave Investment Mngmt Llc holds 0.41% or 16,449 shares in its portfolio. 15,707 are held by Altfest L J &. Greenwich Wealth Mngmt Ltd Limited Liability Company stated it has 142,063 shares or 0.5% of all its holdings. Private Ocean Ltd Com holds 0.02% or 2,086 shares. Ltd holds 13,991 shares. Pennsylvania-based Smithbridge Asset Mngmt De has invested 0.13% in HP Inc. (NYSE:HPQ). 500 were reported by Prentiss Smith Inc. Moreover, Amer Rech Communication has 0.01% invested in HP Inc. (NYSE:HPQ) for 800 shares. Vantage Advisors Limited Liability reported 384 shares or 0% of all its holdings.

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

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