Private Advisor Group Has Cut Automatic Data Processing In (ADP) Position By $1.52 Million; 3 Analysts Are Bullish Stellus Capital Investment (SCM) Last Week

June 14, 2018 - By Nellie Frank

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

Private Advisor Group Llc decreased Automatic Data Processing In (ADP) stake by 41.39% reported in 2018Q1 SEC filing. Private Advisor Group Llc sold 13,473 shares as Automatic Data Processing In (ADP)’s stock rose 10.81%. The Private Advisor Group Llc holds 19,078 shares with $2.17M value, down from 32,551 last quarter. Automatic Data Processing In now has $61.82 billion valuation. It closed at $140.34 lastly. It is down 29.15% since June 14, 2017 and is uptrending. It has outperformed by 16.58% the S&P500. Some Historical ADP News: ; 19/04/2018 – ADP ADP.PA – GROUPE ADP’S INVESTMENT STANDS AT $265 MLN; 11/04/2018 – Automatic Data Processing Boosts Dividend By 9.5% — MarketWatch; 07/03/2018 – lngo Money Provides Real-Time Mobile Check Funding Option to ADP® Paycards; 19/04/2018 – ADP ADP.PA – REMAINING DURATION OF CONCESSION UNTIL 2032; 21/03/2018 – ADP Applauds Five Companies for Best Practices in Human Capital Management at 25th Annual ADP Meeting of the Minds Conference; 14/03/2018 – U.S. ADP Feb. Regional Employment Report (Table); 14/03/2018 – ADP ADP.PA – IN FEB EUROPEAN TRAFFIC (EXCLUDING FRANCE) WAS UP BY 1.2%;; 05/04/2018 – REG-Aéroports de Paris SA: Appointments within Groupe ADP; 15/05/2018 – PERSHING REDUCED MDLZ, HHC, QSR, ADP IN 1Q: 13F; 16/05/2018 – ADP ADP.PA – IN APRIL 2018 INTERNATIONAL TRAFFIC (EXCLUDING EUROPE) WAS UP SLIGHTLY (+0.6%)

Among 7 analysts covering Stellus Capital (NYSE:SCM), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Stellus Capital had 16 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Wednesday, January 20 by Robert W. Baird. The firm has “Neutral” rating by Robert W. Baird given on Thursday, July 14. Keefe Bruyette & Woods maintained Stellus Capital Investment Corporation (NYSE:SCM) on Tuesday, March 6 with “Hold” rating. The firm has “Neutral” rating by Janney Capital given on Wednesday, April 27. The firm earned “Hold” rating on Sunday, July 23 by Keefe Bruyette & Woods. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, May 31. The stock of Stellus Capital Investment Corporation (NYSE:SCM) earned “Buy” rating by Oppenheimer on Friday, August 4. The stock of Stellus Capital Investment Corporation (NYSE:SCM) has “Market Perform” rating given on Thursday, August 11 by Raymond James. Robert W. Baird maintained the stock with “Hold” rating in Friday, November 10 report. The firm has “Mkt Perform” rating by Keefe Bruyette & Woods given on Thursday, February 2. See Stellus Capital Investment Corporation (NYSE:SCM) latest ratings:

06/03/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $13.0 Maintain

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.13, from 1.13 in 2017Q4. It dropped, as 4 investors sold Stellus Capital Investment Corporation shares while 10 reduced holdings. 5 funds opened positions while 9 raised stakes. 3.71 million shares or 14.68% less from 4.35 million shares in 2017Q4 were reported. Royal Retail Bank Of Canada invested in 0% or 8,449 shares. Lpl Limited reported 0% in Stellus Capital Investment Corporation (NYSE:SCM). Raymond James & Associates holds 0% or 82,687 shares in its portfolio. California Public Employees Retirement Systems accumulated 22,000 shares or 0% of the stock. Manufacturers Life The stated it has 1,284 shares or 0% of all its holdings. Raymond James Fincl Serv Advsr reported 43,619 shares or 0% of all its holdings. Morgan Stanley stated it has 39,811 shares or 0% of all its holdings. Great West Life Assurance Can has invested 0% in Stellus Capital Investment Corporation (NYSE:SCM). Oppenheimer And Co Incorporated, New York-based fund reported 38,563 shares. Blackrock has invested 0% in Stellus Capital Investment Corporation (NYSE:SCM). Pnc Financial Serv Grp Inc Inc stated it has 23,000 shares. Confluence Management Llc holds 553,907 shares or 0.12% of its portfolio. 139,657 were reported by Acadian Asset Mgmt Lc. 297,148 are held by Ares Management Ltd Liability Com. Moreover, Wells Fargo Co Mn has 0% invested in Stellus Capital Investment Corporation (NYSE:SCM).

The stock increased 1.27% or $0.17 during the last trading session, reaching $13.38. About 43,327 shares traded. Stellus Capital Investment Corporation (NYSE:SCM) has declined 7.83% since June 14, 2017 and is downtrending. It has underperformed by 20.40% the S&P500. Some Historical SCM News: ; 08/05/2018 – STELLUS CAPITAL INVESTMENT CORP – NET ASSET VALUE PER SHARE $13.93 AS OF MARCH 31; 02/05/2018 – Factors of Influence in 2018, Key Indicators and Opportunity within Independent Bank Group, Eclipse Resources, Stellus Capital; 06/03/2018 Stellus Capital Invest 4Q Net Investment Income Per Shr 28c; 17/04/2018 – Stellus Capital Investment Corporation Declares Second Quarter 2018 Regular Dividend of $0.34 Per Share; 08/05/2018 – STELLUS CAPITAL INVESTMENT CORP QTRLY NET INVESTMENT INCOME PER SHARE $0.28

Stellus Capital Investment Corporation is a business development firm specializing in investments in private middle-market companies. The company has market cap of $213.43 million. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. It has a 8 P/E ratio.

Since March 8, 2018, it had 5 insider buys, and 0 insider sales for $891,460 activity. $58,250 worth of Stellus Capital Investment Corporation (NYSE:SCM) was bought by Davis Joshua T.. D’Angelo Dean bought 5,000 shares worth $58,100. Another trade for 40,000 shares valued at $467,090 was bought by Ladd Robert T..

Investors sentiment decreased to 0.72 in Q1 2018. Its down 0.08, from 0.8 in 2017Q4. It worsened, as 55 investors sold ADP shares while 461 reduced holdings. 88 funds opened positions while 285 raised stakes. 339.11 million shares or 0.28% more from 338.15 million shares in 2017Q4 were reported. Mirador Cap Prtnrs Limited Partnership invested in 9,817 shares. Martin Currie Limited reported 1.05% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Department Mb Natl Bank N A accumulated 45 shares. Foster Dykema Cabot And Ma holds 3,028 shares or 0.06% of its portfolio. D Scott Neal holds 0.01% or 142 shares. Douglass Winthrop Advisors Ltd Liability Co invested 0.37% in Automatic Data Processing, Inc. (NASDAQ:ADP). Moreover, House Limited Liability Corporation has 0.92% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 66,263 shares. Commerzbank Aktiengesellschaft Fi accumulated 11,810 shares. Chesley Taft & Assocs Limited Liability reported 0.2% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Moreover, Gm Advisory Gru has 0.06% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Perigon Wealth Mngmt Ltd Liability Corp invested in 12,709 shares or 0.53% of the stock. 31,827 were reported by Hudson Valley Advisors Incorporated Adv. Whittier Tru Company Of Nevada reported 0.17% in Automatic Data Processing, Inc. (NASDAQ:ADP). Retirement Sys Of Alabama has invested 0.12% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Glenview Bankshares Tru Dept holds 7,300 shares.

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 $392.07M for 39.42 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.

More notable recent Automatic Data Processing, Inc. (NASDAQ:ADP) news were published by: Seekingalpha.com which released: “Automatic Data Processing (ADP) Investor Presentation – Slideshow” on June 12, 2018, also Streetinsider.com with their article: “ADP (ADP) Increases Its Financial Outlook” published on June 12, 2018, Prnewswire.com published: “ADP Holds Investor Day To Present Strategic Vision, Transformation Initiatives And Financial Outlook” on June 12, 2018. More interesting news about Automatic Data Processing, Inc. (NASDAQ:ADP) were released by: Seekingalpha.com and their article: “Discovery Is Undervalued – Cramer’s Lightning Round (6/11/18)” published on June 12, 2018 as well as Nasdaq.com‘s news article titled: “6 Dividend Aristocrats to Buy as Trump Irks G7” with publication date: June 11, 2018.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Automatic Data had 69 analyst reports since August 3, 2015 according to SRatingsIntel. Citigroup maintained the shares of ADP in report on Friday, January 12 with “Hold” rating. BMO Capital Markets maintained Automatic Data Processing, Inc. (NASDAQ:ADP) rating on Friday, November 3. BMO Capital Markets has “Outperform” rating and $114 target. The firm earned “Hold” rating on Tuesday, July 11 by BMO Capital Markets. The firm has “Buy” rating given on Tuesday, November 3 by Argus Research. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Market Perform” rating by William Blair on Friday, July 21. On Monday, January 22 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock has “Neutral” rating by Goldman Sachs on Tuesday, June 20. As per Friday, December 16, the company rating was upgraded by Goldman Sachs. On Tuesday, October 3 the stock rating was maintained by Robert W. Baird with “Hold”. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, October 26.

Since December 31, 2017, it had 0 insider purchases, and 29 insider sales for $44.93 million activity. On Sunday, December 31 the insider Flynn Edward B III sold $2.34M. Shares for $577,837 were sold by Black Maria. Another trade for 7,963 shares valued at $1.08 million was made by Eberhard Michael C on Tuesday, June 5. 3,242 shares were sold by Weinstein Donald, worth $405,250. $3.53M worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Bonarti Michael A on Tuesday, January 23. Another trade for 69,899 shares valued at $7.85 million was sold by Rodriguez Carlos A. Shares for $1.19M were sold by O’Brien Dermot J on Monday, January 22.

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By1 Nellie Frank

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