Altisource Residential (RESI) Forms $11.78 Double Bottom; Laffer Investments Has Lowered Automatic Data Processing (ADP) Holding

Laffer Investments decreased Automatic Data Processing Inc. (ADP) stake by 7.04% reported in 2017Q3 SEC filing. Laffer Investments sold 1,560 shares as Automatic Data Processing Inc. (ADP)’s stock declined 1.06%. The Laffer Investments holds 20,585 shares with $2.25B value, down from 22,145 last quarter. Automatic Data Processing Inc. now has $52.00 billion valuation. The stock increased 1.09% or $1.26 during the last trading session, reaching $117.25. About 1.52M shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 15.83% since January 4, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

Altisource Residential Corporation (RESI) formed double bottom with $11.31 target or 4.00% below today’s $11.78 share price. Altisource Residential Corporation (RESI) has $629.62 million valuation. The stock decreased 1.26% or $0.15 during the last trading session, reaching $11.78. About 226,133 shares traded. Altisource Residential Corporation (NYSE:RESI) has risen 47.78% since January 4, 2017 and is uptrending. It has outperformed by 31.08% the S&P500.

Since September 1, 2017, it had 0 buys, and 6 insider sales for $2.00 million activity. Albinson Brock sold $390,267 worth of stock or 3,663 shares. O’Brien Dermot J had sold 4,098 shares worth $437,011. Black Maria sold 631 shares worth $67,290. On Friday, September 1 the insider Perrotti Thomas J sold $318,688. Sackman Stuart had sold 519 shares worth $55,346. Shares for $729,738 were sold by Ayala John.

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 $394.70M for 32.94 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.

Investors sentiment decreased to 0.68 in 2017 Q3. Its down 0.09, from 0.77 in 2017Q2. It fall, 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. Peapack Gladstone reported 0.73% in Automatic Data Processing, Inc. (NASDAQ:ADP). Atlantic Trust Ltd has 0.84% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 1.72M shares. Westpac Corp reported 31,169 shares. Old Mutual Customised Solutions (Proprietary), a South Africa-based fund reported 16,100 shares. Blackrock has 30.36 million shares for 0.17% of their portfolio. Wilbanks Smith Thomas Asset Mgmt Ltd Limited Liability Company holds 0.03% in Automatic Data Processing, Inc. (NASDAQ:ADP) or 3,447 shares. Manufacturers Life Co The holds 527,829 shares. Kentucky Retirement Ins Trust Fund has 0.23% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Pennsylvania Tru holds 154,098 shares. D Scott Neal holds 142 shares or 0.01% of its portfolio. Moreover, Cape Cod Five Cents National Bank has 0.52% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Headinvest Lc invested 0.28% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Northeast Consultants accumulated 10,148 shares or 0.41% of the stock. Ironwood Counsel Ltd Liability reported 13,696 shares. Nuveen Asset Ltd Co has invested 0.01% in Automatic Data Processing, Inc. (NASDAQ:ADP).

Laffer Investments increased Tcp Capital Corp stake by 1 shares to 1,997 valued at $2.17B in 2017Q3. It also upped Ishares Mbs Etf (MBB) stake by 77 shares and now owns 6,066 shares. Guggenheim Enhanced Short Duration Bond Etf (GSY) was raised too.

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. $104.69’s average target is -10.71% below currents $117.25 stock price. Automatic Data had 49 analyst reports since August 3, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Outperform” rating in Friday, November 3 report. On Friday, April 15 the stock rating was initiated by Compass Point with “Sell”. Robert W. Baird maintained it with “Hold” rating and $111.0 target in Tuesday, October 3 report. The firm has “In-Line” rating by Evercore given on Monday, July 31. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Hold” rating by RBC Capital Markets on Monday, November 6. The company was downgraded on Friday, June 2 by Evercore. The firm earned “Hold” rating on Tuesday, September 12 by BMO Capital Markets. Bank of America upgraded the shares of ADP in report on Tuesday, December 5 to “Buy” rating. On Tuesday, June 20 the stock rating was downgraded by Goldman Sachs to “Neutral”. As per Thursday, November 2, the company rating was maintained by Stifel Nicolaus.

Investors sentiment increased to 1.47 in Q3 2017. Its up 0.60, from 0.87 in 2017Q2. It is positive, as 8 investors sold Altisource Residential Corporation shares while 26 reduced holdings. 14 funds opened positions while 36 raised stakes. 37.33 million shares or 4.22% less from 38.97 million shares in 2017Q2 were reported. Ubs Asset Management Americas Inc reported 0% stake. Illinois-based Peak6 Investments Limited Partnership has invested 0% in Altisource Residential Corporation (NYSE:RESI). Employees Retirement Association Of Colorado reported 0% in Altisource Residential Corporation (NYSE:RESI). Asset One holds 0% of its portfolio in Altisource Residential Corporation (NYSE:RESI) for 347 shares. State Board Of Administration Of Florida Retirement System owns 61,520 shares for 0% of their portfolio. Ellington Group Ltd Company holds 0.03% or 13,800 shares. Renaissance Technologies Limited Liability Company holds 342,000 shares or 0% of its portfolio. Goldman Sachs Group Inc stated it has 0% in Altisource Residential Corporation (NYSE:RESI). Balyasny Asset Ltd Com holds 0.03% or 702,555 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 2,320 shares. Schwab Charles Mngmt reported 477,745 shares. Virginia Retirement Et Al invested in 0.01% or 62,800 shares. 19,565 were reported by Legal General Gru Public Limited. Aqr holds 0% or 12,764 shares. Geode Mngmt Ltd Liability Corp holds 0% or 430,786 shares in its portfolio.