Markston International Trimmed Its Automatic Data Processing (ADP) Stake as Stock Value Declined; Schlumberger LTD (SLB) Holder Kempner Capital Management Lifted Holding

April 17, 2018 - By Adrian Erickson

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Kempner Capital Management Inc increased its stake in Schlumberger Ltd (SLB) by 13.54% based on its latest 2017Q4 regulatory filing with the SEC. Kempner Capital Management Inc bought 11,489 shares as the company’s stock declined 4.39% with the market. The institutional investor held 96,365 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $6.49M, up from 84,876 at the end of the previous reported quarter. Kempner Capital Management Inc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $95.22 billion market cap company. The stock increased 0.26% or $0.18 during the last trading session, reaching $68.7. About 3.84M shares traded. Schlumberger Limited (NYSE:SLB) has declined 16.28% since April 17, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Markston International Llc decreased its stake in Automatic Data Processing Inc (ADP) by 6.3% based on its latest 2017Q4 regulatory filing with the SEC. Markston International Llc sold 5,225 shares as the company’s stock declined 3.95% with the market. The institutional investor held 77,675 shares of the technology company at the end of 2017Q4, valued at $9.10 million, down from 82,900 at the end of the previous reported quarter. Markston International Llc who had been investing in Automatic Data Processing Inc for a number of months, seems to be less bullish one the $52.08 billion market cap company. The stock increased 0.49% or $0.57 during the last trading session, reaching $117.48. About 1.39 million shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 9.09% since April 17, 2017 and is uptrending. It has underperformed by 2.46% the S&P500.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 144 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Schlumberger Limited (NYSE:SLB) has “Hold” rating given on Wednesday, August 26 by Standpoint Research. As per Tuesday, January 16, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Thursday, July 20 by RBC Capital Markets. The company was maintained on Monday, July 24 by Credit Suisse. The stock of Schlumberger Limited (NYSE:SLB) earned “Outperform” rating by Oppenheimer on Monday, October 19. The company was initiated on Wednesday, January 18 by SunTrust. As per Friday, September 4, the company rating was maintained by BMO Capital Markets. Jefferies maintained the stock with “Buy” rating in Monday, January 22 report. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Friday, September 29 by Jefferies. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Thursday, December 21 by RBC Capital Markets.

Investors sentiment decreased to 0.66 in Q4 2017. Its down 0.22, from 0.88 in 2017Q3. It worsened, as 90 investors sold SLB shares while 672 reduced holdings. 140 funds opened positions while 365 raised stakes. 1.05 billion shares or 11.89% less from 1.20 billion shares in 2017Q3 were reported. Rr Partners Limited Partnership reported 4.95% stake. invested in 47.68 million shares or 0.7% of the stock. 40,825 were accumulated by Chesley Taft & Assoc Lc. 133,781 were reported by Country Club Tru Na. Tirschwell & Loewy Inc owns 50,203 shares. Willingdon Wealth reported 52,237 shares. American National Ins Tx invested in 177,936 shares or 0.6% of the stock. Stonebridge Management Inc stated it has 66,378 shares. Cetera Advisor Networks Limited Liability Co has 0.03% invested in Schlumberger Limited (NYSE:SLB). Town And Country Bancorp And Dba First Bankers stated it has 0.46% in Schlumberger Limited (NYSE:SLB). Pnc Fin Svcs has invested 0.12% of its portfolio in Schlumberger Limited (NYSE:SLB). Monroe Retail Bank & Mi holds 0.01% of its portfolio in Schlumberger Limited (NYSE:SLB) for 300 shares. Cornerstone Cap holds 2.24% or 195,917 shares in its portfolio. Moreover, Kynikos Associate Ltd Partnership has 0.88% invested in Schlumberger Limited (NYSE:SLB). Amer Bank, Texas-based fund reported 10,373 shares.

Since October 24, 2017, it had 3 insider purchases, and 3 selling transactions for $6.93 million activity. Al Mogharbel Khaled bought $192,900 worth of stock or 3,000 shares. Shares for $323,950 were bought by Schorn Patrick on Monday, March 26. AYAT SIMON sold $5.91 million worth of stock. KIBSGAARD PAAL bought 10,000 shares worth $646,800. $1.96M worth of Schlumberger Limited (NYSE:SLB) was sold by Guild Howard on Monday, January 22.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Automatic Data had 59 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Thursday, February 1. The firm has “Hold” rating given on Tuesday, October 3 by Robert W. Baird. Barclays Capital initiated Automatic Data Processing, Inc. (NASDAQ:ADP) rating on Tuesday, December 20. Barclays Capital has “Overweight” rating and $115 target. BMO Capital Markets maintained the stock with “Outperform” rating in Friday, November 3 report. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Outperform” rating by Bernstein on Tuesday, October 31. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, July 27 report. The firm earned “Neutral” rating on Friday, July 29 by Robert W. Baird. The firm has “Outperform” rating given on Monday, July 11 by Bernstein. As per Friday, January 12, the company rating was maintained by Citigroup. The rating was downgraded by William Blair on Friday, July 21 to “Market Perform”.

Since December 31, 2017, it had 0 insider purchases, and 26 insider sales for $43.49 million activity. $263,968 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Weinstein Donald on Tuesday, January 2. 20,210 shares valued at $2.34 million were sold by Flynn Edward B III on Sunday, December 31. Sackman Stuart had sold 1,652 shares worth $206,500. 48,989 Automatic Data Processing, Inc. (NASDAQ:ADP) shares with value of $5.68M were sold by Siegmund Jan. O’Brien Dermot J sold $2.91 million worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Monday, January 1. Shares for $72,129 were sold by Black Maria.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on May, 2 before the open. They expect $1.44 EPS, up 9.92% or $0.13 from last year’s $1.31 per share. ADP’s profit will be $638.30 million for 20.40 P/E if the $1.44 EPS becomes a reality. After $0.99 actual EPS reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts 45.45% EPS growth.

Markston International Llc, which manages about $1.63B and $968.17 million US Long portfolio, upped its stake in Allergan Plc by 4,505 shares to 58,779 shares, valued at $9.62M in 2017Q4, according to the filing.

Investors sentiment increased to 0.8 in Q4 2017. Its up 0.12, from 0.68 in 2017Q3. It increased, as 50 investors sold ADP shares while 442 reduced holdings. 113 funds opened positions while 282 raised stakes. 338.15 million shares or 1.20% less from 342.26 million shares in 2017Q3 were reported. 11,192 are owned by Rockefeller Inc. Clear Harbor Asset Mgmt Lc invested 0.05% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Synovus Financial Corp has invested 0.2% in Automatic Data Processing, Inc. (NASDAQ:ADP). Raymond James Trust Na has 0.31% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 39,395 shares. Rafferty Asset Mgmt Lc stated it has 12,461 shares. Willingdon Wealth Mgmt holds 200 shares or 0.01% of its portfolio. Gillespie Robinson & Grimm invested 0.04% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). South Dakota Council reported 16,200 shares. Shine Invest Advisory accumulated 990 shares. Community Fincl Bank Na owns 24,570 shares. Town And Country Bancorp And Company Dba First Bankers Company owns 5,946 shares. The South Carolina-based South State Corporation has invested 0.79% in Automatic Data Processing, Inc. (NASDAQ:ADP). Johnson Investment Counsel accumulated 321,633 shares or 0.94% of the stock. Jolley Asset Management Limited Liability holds 0.07% or 875 shares in its portfolio. Employees Retirement Association Of Colorado owns 0.06% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 84,000 shares.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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