Economy

Automatic Data Processing (ADP) Rating Increased to Buy at BidaskClub

The average investment rating for ADP on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.22 or a Hold. The institutional investor held 72,522 shares of the technology company at the end of 2017Q2, valued at $7.43 million, down from 76,270 at the end of the previous reported quarter. Automatic Data Processing has a 1-year low of $84.36 and a 1-year high of $105.20. The stock declined 0.39% or $0.42 reaching $108.4 per share. The target implies a 4.62% spike from where the shares are now trading.

Automatic Data Processing (NYSE:ADP) last issued its quarterly earnings results on Thursday, July 27th. The stock ended last trade at $939.79 a share and the price is up more than 25.33% so far this year. Following the completion of the sale, the vice president now owns 25,737 shares of the company's stock, valued at $2,624,659.26. Following the completion of the transaction, the chief executive officer now directly owns 156,085 shares of the company's stock, valued at approximately $15,444,610.75. Coconut Grove Bank increased its holdings in shares of Automatic Data Processing by 79.6% in the 1st quarter.

Chevy Chase Trust Holdings Inc. increased its position in shares of Automatic Data Processing (NYSE:ADP) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). During the same quarter in the prior year, the firm earned $0.69 earnings per share. ADP's profit will be $377.71 million for 32.14 P/E if the $0.85 EPS becomes a reality.

Since May 24, 2017, it had 0 insider buys, and 1 sale for $4.94 million activity.

Recent trading patterns in the stock of Automatic Data Processing, Inc. (ADP) has made its way to a 12-month gain of 23%. That's a potential -4.36 decrease relative to where Automatic Data Processing, Inc. The ex-dividend date of this dividend is Thursday, September 7th. Of the 18 analysts surveyed by Reuters that track ADP 15 of them rate its stock a hold. Therefore 11% are positive. Analysts anticipate that Automatic Data Processing will post $3.81 EPS for the current year. Parsec Financial Management invested 0.21% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Stifel Nicolaus maintained the stock with "Hold" rating in Monday, January 30 report. The firm has "Neutral" rating by Robert W. Baird given on Friday, July 29. The firm earned "In-Line" rating on Monday, July 31 by Evercore. The stock has "Market Perform" rating by William Blair on Friday, July 21. The firm has "Underweight" rating by Morgan Stanley given on Thursday, August 3.

Investors sentiment decreased to 0.77 in Q2 2017. Its down 0.06, from 0.83 in 2017Q1. It dived, as 62 investors sold ADP shares while 426 reduced holdings. 74 funds opened positions while 304 raised stakes. 355.68 million shares or 2.28% more from 347.76 million shares in 2017Q1 were reported. The Company also provides business process outsourcing solutions.

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. (ADP) - averaging the work of different analysts - reveals a mean PT of $104.08/share. Columbia Asset Management accumulated 0.08% or 2,389 shares. (NASDAQ:ADP) have been seen trading -10.63% away from the 50- day high. Weaver C Barksdale Incorporated invested in 1.24% or 10,398 shares. Eagle Global Advsrs Ltd Liability Co reported 5,030 shares. (NASDAQ:ADP), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry's average. North Star Asset Mgmt Incorporated invested 0.06% in Automatic Data Processing (NASDAQ:ADP). ADP trades with a P/S ratio of 3.91. On Friday, May 12 Schneider David sold $217,661 worth of ServiceNow Inc (NYSE:NOW) or 2,243 shares.

Amazon.com, Inc. (NASDAQ:AMZN) plunged -1.60% with the closing price of $939.79.

Analysts await Sunoco LP (NYSE:SUN) to report earnings on November, 8. They expect $0.85 earnings per share, down 1.16% or $0.01 from last year's $0.86 per share. The company's quarterly EPS surprised Wall Street by as much as -1% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Invest Centers Of America Inc stated it has 6,292 shares. Mitsubishi Ufj Tru Banking Corporation invested in 342,780 shares or 0.07% of the stock. Pushing back over the last quarter, shares are 6.47%. The New Jersey-based Groesbeck Investment Management Corp Nj has invested 0.34% in the stock.



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