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.



Like this

Latest


27 September 2017
Wisconsin AP scores, participation climb in 2017
Department of Education provides MS with a grant that subsidizes the cost of AP exams for students from low-income families. Currently, Kalani, Mililani, Roosevelt, and Waiakea high schools are certified.

27 September 2017
Carson Palmer Fourth QB To Throw 100 TDs With Two Teams
Elliott was held to just 8 yards on nine carries, the worst performance of his football career. Fitzgerald did all he could, but could not prevent the Cardinals from falling to 1-2.

27 September 2017
Southwest Airlines Company (NYSE:LUV) Quarterly Analysis
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Week Herald and is the property of of Week Herald. Accern grades analysis of public companies ranging from -1 to 1, with ranks nearest to 1 is considered more positive.

27 September 2017
Sabra Healthcare REIT, Issues Fiscal Year 17 Corporate Forecast On Company Earnings
Cantor Fitzgerald also issued estimates for Sabra Healthcare REIT's FY2017 earnings at $2.27 EPS and FY2018 earnings at $2.31 EPS. The volume of MCK witnessed a shift from 1.62 million shares, based on a 50-day average, to 1.64 million shares.

27 September 2017
Analyst Research and Recommendations: Plug Power Inc. (PLUG), Costamare Inc. (CMRE)
By taking a look at the stock's current statistics it can gauged that the stock candle is NEUTRAL with HIGH volatility. Wall Street analysts covering the stock are projecting that the stock will reach $2.93 within the next 52-weeks.

27 September 2017
USA commerce secretary strikes upbeat tone on Beijing visit
Chinese leaders have tried to head off punitive USA action by emphasizing the benefits of the world's biggest trading relationship.

27 September 2017
University Of Arizona's Richardson Among Coaches Accused Of Corruption
Federal officials said the FBI began investigating the criminal influence of money on NCAA coaches and student-athletes in 2015. The University of Arizona released a statement saying it was "appalled to learn of the allegations" against Richardson.

27 September 2017
Illinois Tool Works Inc. (ITW) Shares Sold by Foster & Motley Inc
Capital stated it has 0.06% in Graham Corporation (NYSE:GHM). (NYSE:ITW). 625 are owned by Mcf Advsrs Ltd Liability Co. The stock of Under Armour Inc (NYSE:UAA) earned "Underperform" rating by FBR Capital on Monday, April 3.

27 September 2017
IRS Reportedly Sharing Information About Trump Campaign Officials With Mueller
However, "it is not clear whether the special counsel has asked for or obtained Trump's tax returns", CNN reported . The IRS Criminal Investigation division and the special counsel's office also declined to comment to CNN.

27 September 2017
Agents of SHIELD heads to space in new season 5 poster
For now, though, the plot for the upcoming season remains a mystery, and Marvel's enjoying dropping tantalizing hints. Coulson said that it was time for him to go work just before the credits rolled.



Recommended