Automatic Data Proc (ADP) Shareholder Inverness Counsel Trimmed Position as Valuation Declined; Portolan Capital Management Has Lowered Five9 (FIVN) Holding by $6.50 Million

January 18, 2018 - By Dolores Ford

Inverness Counsel Llc decreased its stake in Automatic Data Proc (ADP) by 20.85% based on its latest 2017Q3 regulatory filing with the SEC. Inverness Counsel Llc sold 14,000 shares as the company’s stock declined 1.06% while stock markets rallied. The institutional investor held 53,134 shares of the technology company at the end of 2017Q3, valued at $5.81 million, down from 67,134 at the end of the previous reported quarter. Inverness Counsel Llc who had been investing in Automatic Data Proc for a number of months, seems to be less bullish one the $54.13B market cap company. The stock increased 2.23% or $2.66 during the last trading session, reaching $122.05. About 2.09M shares traded or 3.13% up from the average. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 15.83% since January 18, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

George Mccabe decreased its stake in Five9 Inc. (FIVN) by 88.39% based on its latest 2017Q3 regulatory filing with the SEC. Portolan Capital Management Llc sold 282,575 shares as the company’s stock rose 30.16% with the market. The hedge fund run by George Mccabe held 37,128 shares of the technology company at the end of 2017Q3, valued at $887,000, down from 319,703 at the end of the previous reported quarter. Portolan Capital Management Llc who had been investing in Five9 Inc. for a number of months, seems to be less bullish one the $1.29B market cap company. The stock decreased 0.47% or $0.11 during the last trading session, reaching $23.22. About 208,274 shares traded. Five9, Inc. (NASDAQ:FIVN) has risen 123.16% since January 18, 2017 and is uptrending. It has outperformed by 106.46% the S&P500.

Investors sentiment decreased to 0.68 in Q3 2017. Its down 0.09, from 0.77 in 2017Q2. It dropped, as 60 investors sold ADP shares while 457 reduced holdings. 109 funds opened positions while 241 raised stakes. 342.26 million shares or 3.77% less from 355.68 million shares in 2017Q2 were reported. Hartford Mgmt stated it has 31,398 shares. Bnp Paribas Arbitrage Sa has 0.08% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 313,413 shares. Jensen Inv reported 126,548 shares. Tradition Management Limited Company has 4,950 shares. First American Bank holds 23,801 shares or 0.2% of its portfolio. State Treasurer State Of Michigan stated it has 134,881 shares or 0.12% of all its holdings. Moreover, Brown Advisory Securities Limited Liability Company has 0.16% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Lipe & Dalton has 0.03% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Alexandria Ltd Liability invested in 0.06% or 2,088 shares. Maple Cap Mgmt owns 0.31% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 10,674 shares. Moreover, Buckhead Capital Mgmt Limited Liability Corporation has 0.81% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Alpha Windward Lc owns 2,441 shares. Tru Company Of Vermont invested 0.75% in Automatic Data Processing, Inc. (NASDAQ:ADP). Roffman Miller Assocs Pa, Pennsylvania-based fund reported 206,360 shares. Carroll Fincl Associate Inc holds 0.21% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 16,126 shares.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on February, 7. They expect $0.89 earnings per share, up 2.30% or $0.02 from last year’s $0.87 per share. ADP’s profit will be $394.71M for 34.28 P/E if the $0.89 EPS becomes a reality. After $0.91 actual earnings per share reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts -2.20% negative EPS growth.

Inverness Counsel Llc, which manages about $2.49 billion and $1.42 billion US Long portfolio, upped its stake in Fortive Corp by 25,725 shares to 341,676 shares, valued at $24.19M in 2017Q3, according to the filing. It also increased its holding in Mcdonalds Corp (NYSE:MCD) by 10,312 shares in the quarter, for a total of 83,784 shares, and has risen its stake in Applied Materials Inc (NASDAQ:AMAT).

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Automatic Data had 50 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Tuesday, July 18 by Barclays Capital. The firm has “Underperform” rating by Evercore given on Friday, June 2. The firm has “Buy” rating by Goldman Sachs given on Friday, December 16. The rating was maintained by Bank of America on Friday, October 13 with “Neutral”. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Outperform” rating by William Blair on Monday, August 31. The firm has “Market Perform” rating by William Blair given on Friday, July 21. The rating was downgraded by Robert W. Baird to “Neutral” on Friday, July 29. The firm has “Buy” rating given on Monday, December 11 by Goldman Sachs. As per Friday, January 12, the company rating was maintained by Citigroup. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, October 3 report.

Since September 1, 2017, it had 0 insider buys, and 19 sales for $30.33 million activity. O’Brien Dermot J also sold $437,011 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Friday, September 1. The insider Sackman Stuart sold $55,346. Politi Douglas W also sold $2.42M worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Monday, January 1. $659,979 worth of stock was sold by JONES JOHN P III on Tuesday, January 2. $263,968 worth of stock was sold by Weinstein Donald on Tuesday, January 2. 20,210 shares were sold by Flynn Edward B III, worth $2.34 million on Sunday, December 31.

Analysts await Five9, Inc. (NASDAQ:FIVN) to report earnings on February, 15. They expect $-0.03 EPS, up 25.00% or $0.01 from last year’s $-0.04 per share. After $-0.02 actual EPS reported by Five9, Inc. for the previous quarter, Wall Street now forecasts 50.00% negative EPS growth.

Among 10 analysts covering Five9 Inc (NASDAQ:FIVN), 7 have Buy rating, 1 Sell and 2 Hold. Therefore 70% are positive. Five9 Inc had 30 analyst reports since October 9, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Overweight” on Thursday, August 4. The stock has “Overweight” rating by KeyBanc Capital Markets on Thursday, November 9. The firm has “Buy” rating by Needham given on Thursday, November 9. Pacific Crest upgraded Five9, Inc. (NASDAQ:FIVN) on Friday, March 17 to “Overweight” rating. The stock of Five9, Inc. (NASDAQ:FIVN) has “Buy” rating given on Friday, November 3 by Roth Capital. Canaccord Genuity maintained it with “Buy” rating and $9.0 target in Thursday, December 3 report. The stock of Five9, Inc. (NASDAQ:FIVN) earned “Buy” rating by Needham on Monday, May 16. The rating was initiated by Craig Hallum on Thursday, June 9 with “Buy”. The firm earned “Buy” rating on Tuesday, July 11 by Canaccord Genuity. Needham maintained the shares of FIVN in report on Wednesday, November 2 with “Buy” rating.

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