ADP (ADP) sees Significant Insider Sales Extending the Trend of Last Quarter

Wednesday, September 06, 2017 10:15 PM ET

ADP (ADP) sees Significant Insider Sales Extending the Trend of Last Quarter

A significant level of insider sales in ADP was reported in form 4 documents filed with the SEC today. Three insiders — Dermot J O’Brien, Officer, Maria Black, Officer, and Stuart Sackman, Officer — sold 11,915 shares in the company having a market value of approximately $1,275,349. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 4,674 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 16,589 shares and have averaged 4,147 shares per transaction over this time period.

The number of insider buy/sell trades at ADP is above that of the 153 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 244 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares traded per transaction by ADP insiders is lower than its peers. Within the peer group there were 561,803 shares purchased and 7,216,915 shares sold with company insiders having sold 27,275 shares on average over this time period.

The data used in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* Dermot J O’Brien, Officer, sold 8,269 shares
* Maria Black, Officer, sold 1,895 shares
* Stuart Sackman, Officer, sold 1,751 shares

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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