American Research & Management Has Lowered Its Automatic Data Processing In (ADP) Stake as Stock Rose; Ghp Investment Advisors Has Increased Synaptics (SYNA) Position

September 14, 2018 - By Ashley Bratcher

Synaptics Incorporated (NASDAQ:SYNA) Logo

American Research & Management decreased its stake in Automatic Data Processing In (ADP) by 9.63% based on its latest 2018Q2 regulatory filing with the SEC. American Research & Management sold 2,800 shares as the company’s stock rose 4.84% with the market. The institutional investor held 26,264 shares of the technology company at the end of 2018Q2, valued at $3.52M, down from 29,064 at the end of the previous reported quarter. American Research & Management who had been investing in Automatic Data Processing In for a number of months, seems to be less bullish one the $64.55 billion market cap company. The stock increased 0.29% or $0.43 during the last trading session, reaching $147.35. About 157,953 shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 36.33% since September 14, 2017 and is uptrending. It has outperformed by 20.71% the S&P500. Some Historical ADP News: 13/04/2018 – ADP ADP.PA – PASSENGER TRAFFIC AT TAV AIRPORTS INCREASED BY 20.7% IN MARCH AND BY 23.4% SINCE BEGINNING OF YEAR; 15/03/2018 – ADP Says Canada Firms Added 32.7K Jobs in Feb.(Table); 11/04/2018 – ADP ADP.O INCREASES QUARTERLY DIVIDEND BY 10 PCT; 18/04/2018 – ADP NAMES THOMAS J. LYNCH-SCOTT F. POWERS TO BOARD; 11/04/2018 – ADP BOOSTS QTR DIV/SHR TO 69C FROM 63C, EST. 63C; 19/04/2018 – REG-Aéroports de Paris SA: Groupe ADP acquires the exclusive control of Airport International Group, concessionary of Queen Alia International Airport in Amman, Jordan; 02/05/2018 – ADP Report: Will Become Increasingly Difficult for Employers to Find Skilled Talent as Labor Pool Tightens; 02/05/2018 – ADP Report: U.S. Labor Market Maintaining Steady Pace of Strong Job Growth, With Little Sign of Slowdown; 04/04/2018 – U.S. ADP March National Employment Report Details (Table); 07/03/2018 – Ingo Money Provides Real-Time Mobile Check Funding Option to ADP® Paycards

Ghp Investment Advisors Inc increased its stake in Synaptics Inc (SYNA) by 43.17% based on its latest 2018Q2 regulatory filing with the SEC. Ghp Investment Advisors Inc bought 11,575 shares as the company’s stock declined 4.90% while stock markets rallied. The institutional investor held 38,385 shares of the edp services company at the end of 2018Q2, valued at $1.93M, up from 26,810 at the end of the previous reported quarter. Ghp Investment Advisors Inc who had been investing in Synaptics Inc for a number of months, seems to be bullish on the $1.63 billion market cap company. The stock increased 1.34% or $0.61 during the last trading session, reaching $46.1. About 77,471 shares traded. Synaptics Incorporated (NASDAQ:SYNA) has risen 11.45% since September 14, 2017 and is uptrending. It has underperformed by 4.17% the S&P500. Some Historical SYNA News: 31/05/2018 – Synaptics’ Award-Winning Clear ID Optical In-Display Fingerprint Sensors Featured on New Xiaomi Mi8 Smartphones; 14/05/2018 – Synaptics Presenting at Cowen Conference May 30; 09/05/2018 – SYNAPTICS 3Q NET REV. $394.0M, EST. $401.8M; 09/05/2018 – Synaptics 3Q Adj EPS 92c; 09/05/2018 – Synaptics 3Q Loss/Shr 40c; 09/05/2018 – SYNAPTICS SEES 4Q REV. $370M TO $410M, EST. $419.8M; 09/05/2018 – Synaptics 3Q Rev $394M; 11/04/2018 – Synaptics Closes Above 50-Day Moving Average: Technicals; 09/05/2018 – SYNAPTICS 3Q ADJ EPS 92C, EST. 91C; 10/04/2018 – Synaptics Short-Interest Ratio Rises 8.3% to 18 Days

Ghp Investment Advisors Inc, which manages about $821.66 million and $710.97 million US Long portfolio, decreased its stake in Ishares Tr (IWB) by 4,180 shares to 12,216 shares, valued at $1.86 million in 2018Q2, according to the filing.

Among 16 analysts covering Synaptics Inc (NASDAQ:SYNA), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Synaptics Inc had 81 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, February 8 by Craig Hallum. Needham maintained Synaptics Incorporated (NASDAQ:SYNA) on Friday, August 4 with “Buy” rating. The rating was downgraded by Oppenheimer on Monday, December 12 to “Underperform”. The stock of Synaptics Incorporated (NASDAQ:SYNA) has “Buy” rating given on Thursday, February 22 by Needham. On Thursday, June 16 the stock rating was maintained by Mizuho with “Neutral”. The company was maintained on Wednesday, October 11 by KeyBanc Capital Markets. Mizuho maintained it with “Buy” rating and $105 target in Friday, July 31 report. Needham maintained Synaptics Incorporated (NASDAQ:SYNA) rating on Friday, June 9. Needham has “Buy” rating and $6500 target. The firm has “Buy” rating by Rosenblatt given on Tuesday, March 8. On Friday, October 23 the stock rating was maintained by Northland Capital with “Outperform”.

Investors sentiment increased to 1.04 in 2018 Q2. Its up 0.02, from 1.02 in 2018Q1. It improved, as 35 investors sold SYNA shares while 66 reduced holdings. 35 funds opened positions while 70 raised stakes. 33.86 million shares or 0.16% less from 33.91 million shares in 2018Q1 were reported. Ci Incorporated has invested 0.04% in Synaptics Incorporated (NASDAQ:SYNA). California Public Employees Retirement has 0.01% invested in Synaptics Incorporated (NASDAQ:SYNA) for 99,735 shares. Putnam Invests Ltd Llc invested in 0.05% or 402,699 shares. Smith Graham And Com Invest Advisors LP holds 1.18% in Synaptics Incorporated (NASDAQ:SYNA) or 247,845 shares. D E Shaw And Inc accumulated 145,496 shares. Jefferies Group Incorporated Limited Liability Co stated it has 0% of its portfolio in Synaptics Incorporated (NASDAQ:SYNA). Teachers Retirement System Of The State Of Kentucky stated it has 0.01% in Synaptics Incorporated (NASDAQ:SYNA). Fmr Ltd Limited Liability Company holds 1.01 million shares or 0.01% of its portfolio. Da Davidson Com owns 30,480 shares. Foundry Prns Ltd Liability Corporation stated it has 6,765 shares or 0.01% of all its holdings. 32,695 are held by Legal General Group Inc Public Ltd Com. Jpmorgan Chase Com reported 0% stake. Moreover, Ing Groep Nv has 0.01% invested in Synaptics Incorporated (NASDAQ:SYNA) for 5,302 shares. Ny State Common Retirement Fund invested 0% of its portfolio in Synaptics Incorporated (NASDAQ:SYNA). Disciplined Growth Invsts Mn holds 993,244 shares or 0.92% of its portfolio.

More notable recent Synaptics Incorporated (NASDAQ:SYNA) news were published by: Nasdaq.com which released: “Synaptics and Key Ecosystem Partners Launch Android TV Turnkey STB Solutions Enabling Fast Time-to-Market for …” on September 12, 2018, also Streetinsider.com with their article: “Lower Priced LCD iPhone XR is Positive for Synaptics (SYNA) – Mizuho” published on September 13, 2018, Nasdaq.com published: “Detailed Research: Economic Perspectives on New Mountain Finance, Myers Industries, Pilgrim’s Pride, Natera …” on August 24, 2018. More interesting news about Synaptics Incorporated (NASDAQ:SYNA) were released by: Nasdaq.com and their article: “3 Small Caps With Big Profit Potential” published on September 07, 2018 as well as Fool.com‘s news article titled: “Can Synaptics Live Up to Its Promise of a Turnaround?” with publication date: August 31, 2018.

Since April 2, 2018, it had 0 insider buys, and 9 sales for $22.38 million activity. Shares for $651,720 were sold by KNITTEL RUSSELL J. CHAN NELSON C sold 3,000 shares worth $135,510. Bergman Rick sold $933,625 worth of stock or 17,500 shares. $156,915 worth of stock was sold by McFarland John on Wednesday, June 20.

More recent Automatic Data Processing, Inc. (NASDAQ:ADP) news were published by: Nasdaq.com which released: “Why Paycom Software Skyrocketed 46% Higher in August” on September 03, 2018. Also Prnewswire.com published the news titled: “ADP Takes Home ‘Awesome New Tech’ Award For Record-Breaking Fourth Straight Year” on September 12, 2018. Nasdaq.com‘s news article titled: “10 Super Safe Growth Stocks to Buy for Long-Lasting Dividends” with publication date: September 12, 2018 was also an interesting one.

Among 21 analysts covering Automatic Data (NASDAQ:ADP), 7 have Buy rating, 2 Sell and 12 Hold. Therefore 33% are positive. Automatic Data had 72 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, September 9 by Wedbush. Stifel Nicolaus maintained the shares of ADP in report on Wednesday, April 4 with “Hold” rating. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, November 14. Argus Research maintained the stock with “Buy” rating in Thursday, August 3 report. Evercore upgraded the stock to “In-Line” rating in Monday, July 31 report. The rating was maintained by Argus Research with “Buy” on Tuesday, May 3. The firm earned “Hold” rating on Monday, January 22 by BMO Capital Markets. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Hold” rating given on Wednesday, January 31 by BMO Capital Markets. Bank of America upgraded Automatic Data Processing, Inc. (NASDAQ:ADP) on Tuesday, December 5 to “Buy” rating. Evercore downgraded the stock to “Underperform” rating in Friday, June 2 report.

Investors sentiment increased to 0.87 in Q2 2018. Its up 0.15, from 0.72 in 2018Q1. It is positive, as 43 investors sold ADP shares while 437 reduced holdings. 127 funds opened positions while 289 raised stakes. 333.72 million shares or 1.59% less from 339.11 million shares in 2018Q1 were reported. Monetary Mngmt Group holds 4,875 shares. 7,859 are held by First Midwest Bancorporation Trust Division. Ancora Ltd Co reported 0.06% in Automatic Data Processing, Inc. (NASDAQ:ADP). Crawford Counsel owns 8,031 shares. Quantitative Invest Management Limited owns 0.17% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 60,200 shares. Meristem Llp holds 0.16% or 3,475 shares. Inverness Counsel Ltd Liability holds 0.16% or 20,896 shares in its portfolio. Keybank Natl Association Oh holds 0.19% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 246,947 shares. Woodstock Corp stated it has 75,328 shares. Founders Financial Securities Ltd owns 5,619 shares. State Street has invested 0.2% in Automatic Data Processing, Inc. (NASDAQ:ADP). Moreover, Macquarie Gru Limited has 0.01% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Jacobs & Co Ca has invested 0.76% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Parametric Assoc Ltd Co has 0.2% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Cubist Systematic Strategies Llc reported 54,100 shares.

Since May 4, 2018, it had 0 insider buys, and 14 sales for $9.62 million activity. $1.58 million worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by O’Brien Dermot J. On Thursday, September 6 McGuire Don sold $166,189 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) or 1,140 shares. Shares for $10,875 were sold by Sackman Stuart. 8,137 shares valued at $1.12M were sold by Black Maria on Tuesday, June 12. Ayala John sold $1.74 million worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Friday, August 31. Perrotti Thomas J sold 950 shares worth $137,507.

American Research & Management, which manages about $343.97M and $287.83 million US Long portfolio, upped its stake in Fastenal Co (NASDAQ:FAST) by 9,800 shares to 15,280 shares, valued at $735,000 in 2018Q2, according to the filing. It also increased its holding in Pepsico Inc (NYSE:PEP) by 13,420 shares in the quarter, for a total of 70,820 shares, and has risen its stake in Us Bancorp Del (NYSE:USB).

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on November, 1. They expect $1.10 EPS, up 20.88% or $0.19 from last year’s $0.91 per share. ADP’s profit will be $481.89M for 33.49 P/E if the $1.10 EPS becomes a reality. After $0.92 actual EPS reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts 19.57% EPS growth.

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

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