Artisan Partners Limited Partnership Has Increased Automatic Data Processing (Call) (ADP) Stake; Geospace Technologies (GEOS) Shorts Increased By 25.07%

April 24, 2018 - By Peter Mason

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

Artisan Partners Limited Partnership increased Automatic Data Processing Inc (Call) (ADP) stake by 1324.5% reported in 2017Q4 SEC filing. Artisan Partners Limited Partnership acquired 27,894 shares as Automatic Data Processing Inc (Call) (ADP)’s stock declined 3.95%. The Artisan Partners Limited Partnership holds 30,000 shares with $3.52M value, up from 2,106 last quarter. Automatic Data Processing Inc (Call) now has $52.17B valuation. The stock increased 0.50% or $0.59 during the last trading session, reaching $117.69. About 296,454 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.

Geospace Technologies Corporation (NASDAQ:GEOS) had an increase of 25.07% in short interest. GEOS’s SI was 929,900 shares in April as released by FINRA. Its up 25.07% from 743,500 shares previously. With 86,400 avg volume, 11 days are for Geospace Technologies Corporation (NASDAQ:GEOS)’s short sellers to cover GEOS’s short positions. The SI to Geospace Technologies Corporation’s float is 7.91%. The stock increased 4.02% or $0.42 during the last trading session, reaching $10.88. About 16,781 shares traded. Geospace Technologies Corporation (NASDAQ:GEOS) has declined 34.08% since April 24, 2017 and is downtrending. It has underperformed by 45.63% the S&P500.

Since December 31, 2017, it had 0 insider buys, and 26 sales for $43.49 million activity. The insider Sackman Stuart sold $206,500. On Tuesday, January 2 the insider Ayala John sold $755,123. Politi Douglas W sold $2.42 million worth of stock or 20,909 shares. Another trade for 66 shares valued at $7,980 was made by Perrotti Thomas J on Thursday, January 25. Bonarti Michael A had sold 3,900 shares worth $452,517 on Tuesday, January 2. The insider Rodriguez Carlos A sold 69,899 shares worth $7.85M. $213,820 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Black Maria on Tuesday, January 16.

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, Canada Pension Plan Invest Board has 0.38% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 1.74M shares. Cornerstone Cap Hldgs Ltd Liability Corp invested 0.07% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Atlantic Group Inc Incorporated Ltd Company owns 0.69% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 1.39M shares. Wade G W has invested 0.09% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Barrett Asset Mngmt Ltd Company holds 2.25% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 272,761 shares. Arete Wealth Ltd Liability Corp reported 0.21% stake. Polaris Greystone Fincl Group Inc Ltd Liability Corporation reported 9,030 shares. Moreover, Prudential Public Limited Liability has 0.01% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 19,033 shares. Gamble Jones Invest Counsel has 15,165 shares. Riggs Asset Managment invested in 0.01% or 200 shares. The Massachusetts-based Salem Management has invested 0.16% in Automatic Data Processing, Inc. (NASDAQ:ADP). Commonwealth Natl Bank Of Aus invested in 0.03% or 28,692 shares. Hsbc Plc invested in 0.17% or 981,653 shares. Heritage Mngmt owns 107,892 shares for 0.76% of their portfolio. Mogy Joel R Investment Counsel has 0.03% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 1,900 shares.

Artisan Partners Limited Partnership decreased Johnson & Johnson (NYSE:JNJ) stake by 739,697 shares to 2.34M valued at $326.31 million in 2017Q4. It also reduced Liberty Global Plc (NASDAQ:LBTYA) stake by 3.06M shares and now owns 5.65M shares. Heico Corp New (NYSE:HEI) was reduced too.

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. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Neutral” rating given on Friday, October 13 by Bank of America. Stifel Nicolaus maintained Automatic Data Processing, Inc. (NASDAQ:ADP) on Thursday, July 27 with “Hold” rating. Robert W. Baird maintained it with “Hold” rating and $111.0 target in Wednesday, August 30 report. Morgan Stanley downgraded Automatic Data Processing, Inc. (NASDAQ:ADP) on Thursday, August 3 to “Underweight” rating. The company was maintained on Tuesday, October 3 by Robert W. Baird. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Hold” rating given on Wednesday, January 31 by Robert W. Baird. The company was maintained on Wednesday, April 18 by BMO Capital Markets. As per Wednesday, January 31, the company rating was maintained by BMO Capital Markets. The rating was maintained by Argus Research with “Buy” on Thursday, August 3. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Outperform” rating by BMO Capital Markets on Friday, November 3.

Geospace Technologies Corporation, together with its subsidiaries, creates and makes seismic instruments and equipment for the gas and oil industry in the United States, Canada, Colombia, the Russian Federation, and the United Kingdom. The company has market cap of $147.57 million. The firm operates through two divisions, Seismic and Non-Seismic. It currently has negative earnings. The Seismic segment offers land and marine nodal data acquisition systems; permanent land and seabed reservoir monitoring services and products; geophones and geophone strings; hydrophones; leader wires; connectors; telemetry cables; marine streamer retrieval and steering devices; and various other products.

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