Economy

BidaskClub Upgrades Automatic Data Processing (ADP) to "Strong-Buy"

It now has negative earnings. It operates through Government Solutions segment.

Is Automatic Data Processing, Inc.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.94 billion.

A number of analysts offered their Estimated Earnings analysis for Automatic Data Processing, Inc. Eagle Boston Investment Management Inc sold 90,424 shares as Barnes Group Inc (B)'s stock rose 8.42%. About 1.18M shares traded.

More notable recent Automatic Data Processing (NASDAQ:ADP) news were published by: Seekingalpha.com which released: "Ackman: ADP should buy Ceridian" on October 20, 2017, also Seekingalpha.com with their article: "ISS recommends Ackman for ADP board" published on October 26, 2017, Seekingalpha.com published: "ISS recommends Ackman be voted onto ADP board" on October 25, 2017. It has underperformed by 0.87% the S&P500. State Of New Jersey Common Pension Fund D reported 2.64 million shares or 1.02% of all its holdings. Alpha Windward LLC reduced its ownership by selling 10 shares a decrease of 0.4% from 06/30/2017 to 09/30/2017. (NYSE:DO) ended its day at $15.76 with the rising stream of 0.96% and its total traded volume was 2.56 million shares less than the average volume. New York-based Van Eck Corp has invested 0.17% in Visa Inc (NYSE:V). 141.01 million shares or 1.35% more from 139.14 million shares in 2017Q1 were reported. The company's stock had a trading volume of 442,476 shares. Visa Inc (NYSE:V) has risen 20.29% since October 26, 2016 and is uptrending. It has underperformed by 7.51% the S&P500. Dana Holding Corp has $33.0 highest and $12 lowest target. They expect this year's earnings to rise 57.14% year-over-year to $1.76, followed by 22.16% growth in the next year to $2.15. During the same quarter past year, the company posted $0.55 EPS. VOYA's profit will be $160.04M for 11.28 P/E if the $0.89 EPS becomes a reality.

KB Home most recently reported earnings per share (EPS) of $0.51 for the August 2017 versus $0.42 in the same quarter previous year, representing 21% growth.

Motco decreased Absolute Strategies Fund Cl I (ASFIX) stake by 267,144 shares to 12,084 valued at $105,000 in 2017Q2. Following the completion of the transaction, the insider now owns 52,193 shares in the company, valued at approximately $4,655,615.60.

Since May 24, 2017, it had 0 insider buys, and 1 insider sale for $4.94 million activity. Curbstone Financial Management Corp raised its holdings in shares of Automatic Data Processing by 91.2% during the 3rd quarter.

Investors sentiment decreased to 0.77 in 2017 Q2. Its up 0.09, from 1.04 in 2017Q1. The shares sold for $106.59. Nomura Hldg Inc holds 3.73% or 14.84 million shares in its portfolio. Twin Capital invested 0.31% in Automatic Data Processing (NASDAQ:ADP). Asset Mgmt One stated it has 713,518 shares or 0.19% of all its holdings. Us Fincl Bank De, a Minnesota-based fund reported 881,293 shares. Finally, Atlantic Trust LLC raised its holdings in shares of Automatic Data Processing by 12.2% during the 2nd quarter. 1St Source Retail Bank accumulated 49,243 shares or 0.43% of the stock. Dearborn Ptnrs Ltd Liability Com reported 296,036 shares. Pineno Levin And Ford Asset reported 1,969 shares. Citigroup maintained Automatic Data Processing (NASDAQ:ADP) rating on Friday, July 29.

Relative Strength Index (RSI) for Automatic Data Processing, Inc. Amica Retiree Tru invested in 0.22% or 2,677 shares. Cambridge Trust Company who had been investing in Automatic Data Processing Inc for a number of months, seems to be less bullish one the $52.55 billion market cap company. BidaskClub upgraded Automatic Data Processing from a "hold" rating to a "buy" rating in a research report on Thursday, September 28th. Automatic Data Processing had a return on equity of 26.39% and a net margin of 8.67%. Argi Inv Svcs Limited Liability has 0.02% invested in Automatic Data Processing (NASDAQ:ADP). (ADP)-2 analysts issued Buy for the stock, 0 analysts gave Outperform rating, 15 think it's a Hold, 0 issued Underperform, while 0 analyst gave a Sell rating. Therefore 30% are positive. The average analysts gave this company a mean recommendation of 3.20. The firm has "Neutral" rating by Robert W. Baird given on Friday, July 29. As per Tuesday, July 18, the company rating was downgraded by Barclays Capital. The rating was maintained by RBC Capital Markets with "Buy" on Monday, October 16. The firm has a market capitalization of $52.55 billion and a P/E ratio of 30.71. RBC Capital Markets maintained the stock with "Buy" rating in Tuesday, October 3 report. Wedbush initiated Automatic Data Processing (NASDAQ:ADP) on Friday, September 9 with "Neutral" rating. The firm has "Outperform" rating by BMO Capital Markets given on Friday, July 28. The rating was maintained by Argus Research with "Buy" on Thursday, August 3.

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