Automatic Data Processing (NASDAQ: ADP – Get Rating) saw its target price raised by Mizuho research analysts from $235.00 to $250.00 in a research report released on Monday, reports The Fly. Mizuho’s price target indicates a potential upside of 14.58% from the stock’s previous close.
ADP has been the subject of a number of other reports. Robert W. Baird cut his price target on Automatic Data Processing stock from $242.00 to $220.00 in a Thursday, January 27 research note. Citigroup raised its price target on automatic data processing shares from $212.00 to $230.00 in a research note on Monday. Cowen cut his price target on automatic data processing stock from $235.00 to $213.00 in a Thursday, January 27 research note. Stifel Nicolaus reiterated a “hold” note and posted a price target of $238.00 (vs. $222.00) on automatic data processing stocks in a research note on Friday, March 11. Finally, Bank of America upgraded automatic data processing stocks from an “underperforming” rating to a “neutral” rating and set a price target of $223.00 for the company in a research note from the Wednesday, March 9. One financial analyst gave the stock a sell rating, ten gave the company a hold rating and four gave the company a buy rating. According to data from MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and a consensus price target of $230.13.
The NASDAQ ADP opened at $218.18 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.01 and a debt ratio of 0.71. The stock has a market capitalization of $91.65 billion, a PE ratio of 32.23, a price-to-growth earnings ratio of 2.62 and a beta of 0.84. The company has a 50-day moving average price of $219.25 and a two-hundred-day moving average price of $223.12. Automatic Data Processing has a 12 month minimum of $184.85 and a 12 month maximum of $248.96.
Automatic Data Processing (NASDAQ:ADP – Get Rating) last released its results on Wednesday, April 27. The business services provider reported earnings per share (EPS) of $2.21 for the quarter, beating the Zacks consensus estimate of $2.08 by $0.13. The company posted revenue of $4.51 billion in the quarter, versus $4.45 billion expected by analysts. Automatic data processing generated a net margin of 17.77% and a return on equity of 56.01%. The company’s revenue increased by 10.0% compared to the same quarter last year. In the same period a year earlier, the company earned earnings per share of $1.89. As a group, stock analysts expect Automatic Data Processing to post EPS of 6.97 for the current year.
In other ADP news, Vice Chairman Christopher D’ambrosio sold 329 shares of the company in a trade on Monday, February 7. The shares were sold at an average price of $206.93, for a total value of $68,079.97. The sale was disclosed in an SEC filing, available on the SEC’s website. Additionally, Vice Chairman James T. Sperduto sold 1,671 shares of the company in a trade on Wednesday, February 9. The shares were sold at an average price of $210.47, for a total transaction of $351,695.37. The disclosure of this sale can be found here. Insiders sold a total of 4,787 shares of the company worth $1,073,466 in the past three months. Insiders own 0.34% of the shares of the company.
Several large investors have recently changed their stake in the company. Gilman Hill Asset Management LLC increased its position in Automatic Data Processing shares by 2.8% in the fourth quarter. Gilman Hill Asset Management LLC now owns 1,620 shares of the business services provider worth $399,000 after buying 44 additional shares during the period. First Hawaiian Bank increased its position in automatic data processing stocks by 1.1% in the first quarter. First Hawaiian Bank now owns 4,176 shares of the business services provider worth $950,000 after buying 45 additional shares during the period. Baystate Wealth Management LLC increased its position in automatic data processing by 3.2% in the fourth quarter. Baystate Wealth Management LLC now owns 1,482 shares of the business services provider valued at $366,000 after acquiring 46 additional shares in the last quarter. Lindbrook Capital LLC increased its position in automatic data processing by 1.4% in the first quarter. Lindbrook Capital LLC now owns 3,302 shares of the business services provider valued at $751,000 after acquiring 46 additional shares in the last quarter. Finally, Financial Advisory Group increased its position in automatic data processing by 4.5% in the third quarter. Financial Advisory Group now owns 1,097 shares of the business services provider valued at $219,000 after acquiring 47 additional shares in the last quarter. Institutional investors hold 78.84% of the company’s shares.
Automatic Data Processing Company Profile (Get a rating)
Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic cloud-based platforms and human resource (HR) outsourcing solutions.
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