RBC Capital Reconfirms $108.0 Price Objective On Automatic Data Processing (ADP), Reconfirms Hold Rating; Ruane Cunniff & Goldfarb Decreased Costco Whsl New (COST) Position

January 19, 2018 - By Kurt Siggers

Ruane Cunniff & Goldfarb Inc decreased Costco Whsl Corp New (COST) stake by 9.08% reported in 2017Q3 SEC filing. Ruane Cunniff & Goldfarb Inc sold 2,116 shares as Costco Whsl Corp New (COST)’s stock rose 1.54%. The Ruane Cunniff & Goldfarb Inc holds 21,184 shares with $3.48 million value, down from 23,300 last quarter. Costco Whsl Corp New now has $84.22 billion valuation. The stock increased 0.15% or $0.285 during the last trading session, reaching $191.795. About 768,801 shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since January 19, 2017 and is uptrending. It has outperformed by 8.44% the S&P500.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Automatic Data has $130 highest and $76 lowest target. $105.19’s average target is -12.86% below currents $120.71 stock price. Automatic Data had 50 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, October 3 by Stifel Nicolaus. The firm has “Outperform” rating given on Tuesday, October 31 by Bernstein. The firm has “Outperform” rating given on Monday, July 11 by Bernstein. The rating was maintained by BMO Capital Markets with “Hold” on Friday, October 13. The company was maintained on Monday, August 28 by Stifel Nicolaus. The company was maintained on Thursday, August 3 by Argus Research. The firm earned “Neutral” rating on Friday, September 9 by Wedbush. The rating was maintained by Robert W. Baird on Wednesday, August 30 with “Hold”. The stock has “Neutral” rating by Citigroup on Friday, July 29. RBC Capital Markets maintained the shares of ADP in report on Monday, November 6 with “Hold” rating.

Automatic Data Processing, Inc., together with its subsidiaries, provides business process outsourcing services worldwide. The company has market cap of $53.53 billion. The firm operates through two divisions, Employer Services and Professional Employer Organization Services. It has a 30.61 P/E ratio. The Employer Services segment offers various human resources (HR) business process outsourcing and technology-enabled human capital management solutions to clients.

Since September 1, 2017, it had 0 buys, and 19 selling transactions for $30.33 million activity. Dyson Deborah L had sold 1,592 shares worth $184,720 on Tuesday, January 2. Shares for $452,517 were sold by Bonarti Michael A on Tuesday, January 2. Shares for $729,738 were sold by Ayala John on Friday, September 1. O’Brien Dermot J sold $437,011 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Friday, September 1. On Sunday, December 31 the insider Flynn Edward B III sold $2.34M. Shares for $263,968 were sold by Weinstein Donald. The insider Siegmund Jan sold 48,989 shares worth $5.68 million.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on February, 7. They expect $0.89 EPS, up 2.30% or $0.02 from last year’s $0.87 per share. ADP’s profit will be $394.71 million for 33.91 P/E if the $0.89 EPS becomes a reality. After $0.91 actual EPS reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts -2.20% negative EPS growth.

Investors sentiment decreased to 0.68 in 2017 Q3. Its down 0.09, from 0.77 in 2017Q2. It fall, as 60 investors sold Automatic Data Processing, Inc. 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. First Natl has invested 0.59% in Automatic Data Processing, Inc. (NASDAQ:ADP). 32,681 are owned by Connors Investor Service. Echo Street Capital Management Ltd Limited Liability Company reported 8,445 shares. South Dakota Inv Council has 0.04% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 19,700 shares. Reilly Herbert Faulkner Iii accumulated 48,740 shares or 3.24% of the stock. Twin Tree Management L P invested 0.01% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Howland Capital Mgmt Ltd Liability Com stated it has 0.84% in Automatic Data Processing, Inc. (NASDAQ:ADP). Edgemoor Invest Advsr, a Maryland-based fund reported 2,708 shares. Brown Mngmt Ltd Limited Liability Company has 5,344 shares. California-based Private Ocean Ltd Liability Corporation has invested 0% in Automatic Data Processing, Inc. (NASDAQ:ADP). 350 are owned by Edge Wealth Management Ltd Liability Corp. Northstar Invest Advsrs Limited Co stated it has 111,198 shares or 2.37% of all its holdings. St Germain D J reported 2,780 shares. Page Arthur B holds 3.93% or 40,816 shares in its portfolio. Coastline Tru invested in 67,290 shares or 1.28% of the stock.

The stock decreased 0.16% or $0.19 during the last trading session, reaching $120.71. About 577,171 shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 15.83% since January 19, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

Among 32 analysts covering Costco Wholesale (NASDAQ:COST), 22 have Buy rating, 0 Sell and 10 Hold. Therefore 69% are positive. Costco Wholesale had 119 analyst reports since August 24, 2015 according to SRatingsIntel. The firm earned “Mkt Perform” rating on Monday, February 6 by Bernstein. On Wednesday, June 28 the stock rating was maintained by Deutsche Bank with “Hold”. The company was maintained on Friday, June 23 by Stifel Nicolaus. The rating was maintained by Oppenheimer with “Buy” on Friday, November 3. The stock has “Buy” rating by BMO Capital Markets on Friday, July 7. Goldman Sachs downgraded Costco Wholesale Corporation (NASDAQ:COST) on Friday, June 16 to “Hold” rating. The firm earned “Hold” rating on Friday, October 6 by BMO Capital Markets. Wolfe Research downgraded Costco Wholesale Corporation (NASDAQ:COST) on Friday, April 29 to “Peer Perform” rating. Guggenheim maintained the shares of COST in report on Wednesday, November 22 with “Hold” rating. The rating was maintained by Telsey Advisory Group with “Outperform” on Thursday, October 1.

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.09, from 1.28 in 2017Q2. It dived, as 69 investors sold COST shares while 383 reduced holdings. 103 funds opened positions while 433 raised stakes. 304.48 million shares or 2.26% less from 311.53 million shares in 2017Q2 were reported. Albion Fincl Gp Ut has invested 0.03% in Costco Wholesale Corporation (NASDAQ:COST). Gsa Cap Partners Llp holds 0.01% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 1,315 shares. Rockefeller has invested 0.01% in Costco Wholesale Corporation (NASDAQ:COST). Eulav Asset Management owns 74,000 shares. Montag Caldwell holds 0.02% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 3,334 shares. Fic Capital reported 0.56% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Telos Cap Management Incorporated holds 0.66% in Costco Wholesale Corporation (NASDAQ:COST) or 10,365 shares. Trust Department Mb Fincl Bank N A invested 0.56% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Mogy Joel R Counsel Incorporated holds 2.97% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 108,762 shares. Moors Cabot accumulated 15,875 shares. Burney Co has 0.02% invested in Costco Wholesale Corporation (NASDAQ:COST). Advisor Lc reported 10,326 shares. The Michigan-based Sigma Planning has invested 0.2% in Costco Wholesale Corporation (NASDAQ:COST). Credit Suisse Ag has 0.1% invested in Costco Wholesale Corporation (NASDAQ:COST). Blume Capital reported 11,190 shares.

Since August 1, 2017, it had 0 insider buys, and 15 insider sales for $16.19 million activity. On Friday, December 22 the insider GALANTI RICHARD A sold $958,087. On Monday, January 8 the insider Hines Daniel M. sold $943,080. Murphy James P. also sold $937,421 worth of Costco Wholesale Corporation (NASDAQ:COST) on Friday, January 5. $1.93M worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by PORTERA JOSEPH P on Tuesday, October 24. The insider MOULTON PAUL G sold 8,696 shares worth $1.40M. $157,590 worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by MEISENBACH JOHN W on Friday, September 1. Vachris Roland Michael sold $977,510 worth of stock or 5,200 shares.

Ruane Cunniff & Goldfarb Inc increased Amazon Com Inc (NASDAQ:AMZN) stake by 1,865 shares to 403,919 valued at $388.31M in 2017Q3. It also upped Wells Fargo Co New (NYSE:WFC) stake by 1.76M shares and now owns 6.67M shares. Alphabet Inc was raised too.

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