Automatic Data Processing (NASDAQ:ADP) Upgraded at StockNews.com

Automatic Data Processing (NASDAQ:ADPGet Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other research firms have also commented on ADP. Royal Bank of Canada restated a “sector perform” rating and issued a $267.00 price target on shares of Automatic Data Processing in a report on Thursday, February 1st. Mizuho raised their price objective on Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Monday. Bank of America upgraded Automatic Data Processing from an “underperform” rating to a “neutral” rating and raised their target price for the company from $217.00 to $243.00 in a report on Wednesday, January 17th. Stifel Nicolaus reiterated a “hold” rating and set a $250.00 target price on shares of Automatic Data Processing in a report on Thursday, November 30th. Finally, Wolfe Research upgraded shares of Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $254.58.

Get Our Latest Stock Report on Automatic Data Processing

Automatic Data Processing Trading Up 0.7 %

Shares of NASDAQ:ADP traded up $1.69 during trading on Monday, reaching $244.09. The stock had a trading volume of 1,477,019 shares, compared to its average volume of 1,764,855. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.69. The stock has a market cap of $100.27 billion, a P/E ratio of 28.42, a PEG ratio of 2.28 and a beta of 0.78. The business has a fifty day moving average price of $244.03 and a 200-day moving average price of $239.56. Automatic Data Processing has a fifty-two week low of $201.46 and a fifty-two week high of $256.84.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.65 billion. Automatic Data Processing had a return on equity of 95.22% and a net margin of 19.14%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.96 earnings per share. As a group, analysts anticipate that Automatic Data Processing will post 9.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Sreenivasa Kutam sold 368 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $247.01, for a total transaction of $90,899.68. Following the completion of the sale, the vice president now directly owns 20,319 shares of the company’s stock, valued at approximately $5,018,996.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Sreenivasa Kutam sold 368 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $247.01, for a total transaction of $90,899.68. Following the transaction, the vice president now owns 20,319 shares in the company, valued at approximately $5,018,996.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joseph Desilva sold 1,904 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $255.00, for a total transaction of $485,520.00. Following the transaction, the vice president now owns 17,179 shares in the company, valued at approximately $4,380,645. The disclosure for this sale can be found here. Insiders sold a total of 16,662 shares of company stock worth $4,094,554 in the last quarter. 0.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ADP. Vanguard Group Inc. increased its position in Automatic Data Processing by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 39,596,142 shares of the business services provider’s stock worth $9,224,713,000 after acquiring an additional 412,434 shares during the period. State Street Corp increased its holdings in shares of Automatic Data Processing by 1.8% during the 2nd quarter. State Street Corp now owns 17,980,729 shares of the business services provider’s stock worth $3,974,083,000 after purchasing an additional 321,355 shares during the period. Morgan Stanley increased its holdings in shares of Automatic Data Processing by 7.8% during the 4th quarter. Morgan Stanley now owns 11,010,014 shares of the business services provider’s stock worth $2,629,852,000 after purchasing an additional 794,328 shares during the period. Geode Capital Management LLC increased its stake in Automatic Data Processing by 3.3% during the second quarter. Geode Capital Management LLC now owns 9,318,629 shares of the business services provider’s stock valued at $2,044,155,000 after acquiring an additional 297,397 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Automatic Data Processing by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,670,083 shares of the business services provider’s stock valued at $2,085,849,000 after acquiring an additional 198,008 shares during the period. 79.37% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Company Profile

(Get Free Report)

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.

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Analyst Recommendations for Automatic Data Processing (NASDAQ:ADP)

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