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Page Arthur B Has Cut Automatic Data Processing (ADP) Stake; Redwood Trust (RWT)’s Sentiment Is 1.02

Redwood Trust, Inc. (NYSE:RWT) Logo

Page Arthur B decreased Automatic Data Processing (ADP) stake by 12.65% reported in 2017Q4 SEC filing. Page Arthur B sold 5,165 shares as Automatic Data Processing (ADP)’s stock declined 3.95%. The Page Arthur B holds 35,651 shares with $4.18M value, down from 40,816 last quarter. Automatic Data Processing now has $56.87 billion valuation. The stock increased 0.15% or $0.1874 during the last trading session, reaching $129.0974. About 542,809 shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 9.09% since May 21, 2017 and is uptrending. It has underperformed by 2.46% the S&P500.

Redwood Trust Inc (RWT) investors sentiment increased to 1.02 in Q4 2017. It’s up 0.07, from 0.95 in 2017Q3. The ratio has increased, as 61 investment managers increased or opened new holdings, while 60 trimmed and sold holdings in Redwood Trust Inc. The investment managers in our database now possess: 62.66 million shares, down from 63.50 million shares in 2017Q3. Also, the number of investment managers holding Redwood Trust Inc in top ten holdings decreased from 1 to 0 for a decrease of 1. Sold All: 18 Reduced: 42 Increased: 42 New Position: 19.

The stock increased 0.43% or $0.07 during the last trading session, reaching $16.54. About 297,114 shares traded. Redwood Trust, Inc. (RWT) has declined 7.30% since May 21, 2017 and is downtrending. It has underperformed by 18.85% the S&P500.

Weitz Investment Management Inc. holds 2.79% of its portfolio in Redwood Trust, Inc. for 4.52 million shares. White Pine Investment Co owns 330,635 shares or 2.42% of their US portfolio. Moreover, Hilton Capital Management Llc has 1.36% invested in the company for 609,237 shares. The Netherlands-based Kempen Capital Management N.V. has invested 1.06% in the stock. Doheny Asset Management Ca, a California-based fund reported 133,617 shares.

Redwood Trust, Inc., together with its subsidiaries, engages in mortgage banking activities in the United States. The company has market cap of $1.25 billion. The firm operates through three divisions: Residential Investments, Residential Mortgage Banking, and Commercial. It has a 10.32 P/E ratio. The Residential Investments segment offers a portfolio of investments in residential mortgage-backed securities retained from Sequoia securitizations and issued by third parties and other credit risk-related investments; residential loans held for investment; mortgage servicing rights associated with residential loans; and derivative financial instruments to manage risks associated with residential loans.

Analysts await Redwood Trust, Inc. (NYSE:RWT) to report earnings on August, 2. They expect $0.36 earnings per share, up 2.86% or $0.01 from last year’s $0.35 per share. RWT’s profit will be $27.25 million for 11.49 P/E if the $0.36 EPS becomes a reality. After $0.60 actual earnings per share reported by Redwood Trust, Inc. for the previous quarter, Wall Street now forecasts -40.00% negative EPS growth.

More news for Redwood Trust, Inc. (NYSE:RWT) were recently published by: Globenewswire.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within South Jersey Industries, SITO Mobile, Ormat …” on May 21, 2018. Seekingalpha.com‘s article titled: “Redwood Trust’s (RWT) CEO Martin Hughes on Q1 2018 Results – Earnings Call Transcript” and published on May 08, 2018 is yet another important article.

More notable recent Automatic Data Processing, Inc. (NASDAQ:ADP) news were published by: Globenewswire.com which released: “ADP Reports Third Quarter Fiscal 2018 Results” on May 02, 2018, also Streetinsider.com with their article: “Sachem Head Capital Enters ADP (ADP), PagSeguro Digita (PAGS), WorldPay (WP) (more…) – 13F” published on May 15, 2018, Prnewswire.com published: “The Future of Pay is Here! New ADP Innovation Helps Employers Tailor Payments to the Preferences of All Employees” on May 14, 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 Nasdaq.com‘s news article titled: “Recent Analysis Shows Shutterfly, Gulfport Energy, Automatic Data Processing, Group 1 Automotive, Red Robin …” with publication date: May 16, 2018.

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. Hamilton Point Investment Advsrs Ltd Limited Liability Company, a North Carolina-based fund reported 37,081 shares. Clean Yield Group holds 2.34% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 50,440 shares. Nichols And Pratt Advisers Ltd Liability Partnership Ma holds 4.69% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 461,809 shares. Moreover, Whittier has 0.19% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 47,596 shares. Rockland Tru Com has invested 0.1% in Automatic Data Processing, Inc. (NASDAQ:ADP). Comerica Bancorp has 0.17% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Union National Bank & Trust owns 4,412 shares or 0.16% of their US portfolio. Arrowstreet Capital Partnership invested in 1.13% or 3.99M shares. At Natl Bank reported 1,940 shares. Renaissance Invest Grp Inc Ltd Company invested 1.51% in Automatic Data Processing, Inc. (NASDAQ:ADP). 1832 Asset Mgmt Lp accumulated 102,381 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0.1% in Automatic Data Processing, Inc. (NASDAQ:ADP). Mark Sheptoff Planning Ltd Liability Com has 200 shares for 0.01% of their portfolio. Bankshares Of Hawaii reported 0.17% stake. Northern has invested 0.2% in Automatic Data Processing, Inc. (NASDAQ:ADP).

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 $392.06M for 36.26 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.

Since December 31, 2017, it had 0 insider purchases, and 27 sales for $43.50 million activity. $2.34 million worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Flynn Edward B III on Sunday, December 31. 95,756 shares valued at $11.31M were sold by Rodriguez Carlos A on Wednesday, January 3. Siegmund Jan had sold 48,989 shares worth $5.68M. 592 shares were sold by Black Maria, worth $72,129. Ayala John also sold $864,837 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) shares. The insider Dyson Deborah L sold $184,720. $2.91M worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by O’Brien Dermot J on Monday, January 1.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Automatic Data had 64 analyst reports since August 3, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Hold” rating and $133.0 target in Wednesday, January 31 report. The company was maintained on Friday, July 28 by BMO Capital Markets. Morgan Stanley downgraded the shares of ADP in report on Thursday, August 3 to “Underweight” rating. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, October 26. As per Friday, October 13, the company rating was maintained by Bank of America. Goldman Sachs upgraded the shares of ADP in report on Friday, December 16 to “Buy” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, April 4 report. The firm has “Buy” rating given on Thursday, August 3 by Argus Research. As per Friday, July 29, the company rating was downgraded by Robert W. Baird. On Thursday, May 3 the stock rating was maintained by BMO Capital Markets with “Market Perform”.

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

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