Market News

As Automatic Data Processing (ADP) Share Price Rose, Shareholder Woodstock Has Lowered by $439,570 Its Stake; Rivernorth Capital Management Decreased Its Holding in Fs Invt (FSIC) by $483,196 as Valuation Rose

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

Rivernorth Capital Management Llc decreased its stake in Fs Invt Corp (FSIC) by 5.55% based on its latest 2018Q1 regulatory filing with the SEC. Rivernorth Capital Management Llc sold 69,028 shares as the company’s stock rose 5.48% while stock markets declined. The institutional investor held 1.17 million shares of the company at the end of 2018Q1, valued at $8.51M, down from 1.24 million at the end of the previous reported quarter. Rivernorth Capital Management Llc who had been investing in Fs Invt Corp for a number of months, seems to be less bullish one the $1.89B market cap company. It closed at $7.8 lastly. It is up 15.85% since June 13, 2017 and is downtrending. It has underperformed by 28.42% the S&P500. Some Historical FSIC News: 09/04/2018 – FS Investments and GSO Cap Partners Have Concluded Their Relationship With Respect to All of FS Investments’ Sponsored Funds; 10/05/2018 – IL & FS INVESTMENT MANAGERS LTD ILFS.NS SAYS STEP HAS BEEN TAKEN TO RATIONALISE COSTS; 10/05/2018 – FS Investment 1Q Loss/Shr 15c; 04/05/2018 – IL & FS INVESTMENT MANAGERS LTD ILFS.NS – PROPOSED FINAL DIVIDEND OF 0.60 RUPEES PER SHARE; 09/04/2018 – FS Investments and KKR Close Transaction, Creating Largest BDC Platform; 19/05/2018 – BSE Mumbai Bourse: Results from IL & FS Investment Managers for Jan 01 to Mar 31; 03/04/2018 – S&P PLACED FS INVESTMENT CORP. ON CREDIT WATCH ‘NEGATIVE’ FROM ‘STABLE’; RATING ‘BBB-‘; 19/05/2018 – BSE Mumbai Bourse: Results from IL & FS Investment Managers for Apr 01 to Mar 31; 10/05/2018 – IL & FS INVESTMENT MANAGERS – UNIT IIML FUND MANAGERS (SINGAPORE) TO SURRENDER CAPITAL MARKET SERVICE LICENCE TO MONETARY AUTHORITY OF SINGAPORE; 05/03/2018 Fitch Affirms FS Investment Corp’s Ratings at ‘BBB-‘; Outlook Stable

Woodstock Corp decreased its stake in Automatic Data Processing Inc (ADP) by 4.88% based on its latest 2018Q1 regulatory filing with the SEC. Woodstock Corp sold 3,890 shares as the company’s stock rose 10.81% while stock markets declined. The institutional investor held 75,778 shares of the technology company at the end of 2018Q1, valued at $8.60 million, down from 79,668 at the end of the previous reported quarter. Woodstock Corp who had been investing in Automatic Data Processing Inc for a number of months, seems to be less bullish one the $61.37 billion market cap company. The stock increased 3.89% or $5.22 during the last trading session, reaching $139.3. About 3.87 million shares traded or 48.12% up from the average. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 29.15% since June 13, 2017 and is uptrending. It has outperformed by 16.58% the S&P500. Some Historical ADP News: 02/05/2018 – ADP 3Q REV. $3.7B, EST. $3.67B; 28/03/2018 – March 2018 ADP National Employment Report®, ADP Small Business Report® and ADP National Franchise Report® to be Released on WEDNESDAY, April 4, 2018; 16/05/2018 – ADP ADP.PA – IN APRIL TRAFFIC WITHIN FRANCE WAS DOWN BY 5.7%; 15/05/2018 – Sachem Adds ADP, Exits Comcast, Cuts Shire: 13F; 14/03/2018 – ADP ADP.PA – PASSENGER TRAFFIC AT TAV AIRPORTS, 46.1%-OWNED BY GROUPE ADP, INCREASED BY 19.7% IN FEBRUARY 2018 COMPARED TO 2017; 02/05/2018 – ADP Report: U.S. Labor Market Maintaining Steady Pace of Strong Job Growth, With Little Sign of Slowdown; 04/05/2018 – MESSAGERIES ADP – MAJOR AGREEMENT WITH HACHETTE CANADA FOR DISTRIBUTION OF ALL ITS FRENCH-LANGUAGE TITLES IN CANADA; 30/05/2018 – CORRECT: GRIVEAUX WON’T SAY WHETHER ADP PRIVATIZATION IN PACTE; 02/05/2018 – Automatic Data 3Q Rev $3.69B; 02/05/2018 – US private sector adds 204k jobs in April – ADP

Among 10 analysts covering FS Investment (NYSE:FSIC), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. FS Investment had 17 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, January 11 by Cantor Fitzgerald. The rating was maintained by Wood on Monday, May 1 with “Hold”. DA Davidson initiated the shares of FSIC in report on Wednesday, September 30 with “Buy” rating. The firm has “Hold” rating given on Wednesday, May 31 by Keefe Bruyette & Woods. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, November 9. The stock of FS Investment Corporation (NYSE:FSIC) has “Neutral” rating given on Thursday, August 11 by JP Morgan. The stock of FS Investment Corporation (NYSE:FSIC) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, August 10. As per Wednesday, September 7, the company rating was downgraded by Barclays Capital. The firm has “Neutral” rating by Sterne Agee CRT given on Friday, December 18. Keefe Bruyette & Woods maintained FS Investment Corporation (NYSE:FSIC) on Friday, March 2 with “Hold” rating.

Analysts await FS Investment Corporation (NYSE:FSIC) to report earnings on August, 8. They expect $0.19 EPS, 0.00% or $0.00 from last year’s $0.19 per share. FSIC’s profit will be $46.06 million for 10.26 P/E if the $0.19 EPS becomes a reality. After $0.21 actual EPS reported by FS Investment Corporation for the previous quarter, Wall Street now forecasts -9.52% negative EPS growth.

Rivernorth Capital Management Llc, which manages about $2.15B and $1.35 billion US Long portfolio, upped its stake in Blackrock Corpor Hi Yld Fd I (HYT) by 271,549 shares to 3.51 million shares, valued at $37.15M in 2018Q1, according to the filing. It also increased its holding in Pioneer Mun High Income Tr (NYSE:MHI) by 60,497 shares in the quarter, for a total of 165,870 shares, and has risen its stake in Western Asset High Incm Fd I (HIX).

More news for FS Investment Corporation (NYSE:FSIC) were recently published by: Seekingalpha.com, which released: “This 11.2% Yielding BDC Is Ready For Shareholder Activism” on May 30, 2018. Seekingalpha.com‘s article titled: “TCG BDC Inc.: 9% Dividend Yield With Upside For Rising Interest Rates” and published on June 01, 2018 is yet another important article.

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: “Form 8-K AUTOMATIC DATA PROCESSIN For: Jun 12” published on June 12, 2018, Streetinsider.com published: “ADP (ADP) Increases Its Financial Outlook” on June 12, 2018. More interesting news about Automatic Data Processing, Inc. (NASDAQ:ADP) were released by: Prnewswire.com and their article: “ADP Holds Investor Day To Present Strategic Vision, Transformation Initiatives And Financial Outlook” published on June 12, 2018 as well as Prnewswire.com‘s news article titled: “Celebrate Pride Month! ADP Promotes Diversity and Inclusion with LGBTQ Employee Self-Identification” with publication date: June 06, 2018.

Woodstock Corp, which manages about $699.55M and $528.86M US Long portfolio, upped its stake in Fiserv Inc (NASDAQ:FISV) by 23,753 shares to 48,006 shares, valued at $3.42 million in 2018Q1, according to the filing.

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 $392.07 million for 39.13 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 decreased to 0.72 in 2018 Q1. Its down 0.08, from 0.8 in 2017Q4. It fall, 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. Canandaigua Retail Bank invested in 26,929 shares. Windward Cap Mgmt Ca holds 0.31% in Automatic Data Processing, Inc. (NASDAQ:ADP) or 19,032 shares. Selz Capital Ltd Co holds 2.45% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 140,000 shares. New York-based Community Financial Bank Na has invested 0.51% in Automatic Data Processing, Inc. (NASDAQ:ADP). Sumitomo Life Ins reported 0.42% in Automatic Data Processing, Inc. (NASDAQ:ADP). 200 are owned by Central National Bank & Trust And Trust. Indiana-based Goelzer Invest Management has invested 0.04% in Automatic Data Processing, Inc. (NASDAQ:ADP). Huntington Commercial Bank has invested 0.81% in Automatic Data Processing, Inc. (NASDAQ:ADP). Fruth Mgmt has 31,324 shares for 1.58% of their portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys owns 39,664 shares or 0.06% of their US portfolio. 267,752 are owned by Barrett Asset Management Ltd. Burke Herbert Commercial Bank Tru holds 0.44% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 4,342 shares. Brave Asset accumulated 3,641 shares. Sandy Spring Savings Bank accumulated 24,364 shares or 0.24% of the stock. Oxbow Advsrs Limited Liability Corporation holds 25,457 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 65 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Thursday, February 4 by RBC Capital Markets. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Buy” rating given on Tuesday, April 17 by Bank of America. The rating was maintained by Topeka Capital Markets on Thursday, October 29 with “Sell”. The rating was downgraded by Barclays Capital on Tuesday, July 18 to “Equal-Weight”. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Overweight” rating by Barclays Capital on Tuesday, December 20. RBC Capital Markets maintained Automatic Data Processing, Inc. (NASDAQ:ADP) on Monday, May 2 with “Sector Perform” rating. As per Tuesday, June 20, the company rating was downgraded by Goldman Sachs. Compass Point initiated the shares of ADP in report on Friday, April 15 with “Sell” rating. On Friday, December 16 the stock rating was upgraded by Goldman Sachs to “Buy”. The firm has “Hold” rating by BMO Capital Markets given on Friday, October 13.

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

Leave a Reply

Your email address will not be published. Required fields are marked *