November 24, 2016 - By Dolores Ford · 0 Comments
Automatic Data Processing Inc (NASDAQ:ADP) institutional sentiment increased to 0.96 in 2016 Q2. Its up 0.07, from 0.89 in 2016Q1. The ratio has increased, as 375 funds started new or increased equity positions, while 423 trimmed and sold equity positions in Automatic Data Processing Inc. The funds in our partner’s database now possess: 344.03 million shares, down from 358.07 million shares in 2016Q1. Also, the number of funds holding Automatic Data Processing Inc in their top 10 equity positions decreased from 48 to 47 for a decrease of 1. Sold All: 44 Reduced: 379 Increased: 316 New Position: 59.
Automatic Data Processing, Inc. is a well-known provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The company has a market cap of $43.97 billion. The Firm also provides business process outsourcing solutions. It has a 28.96 P/E ratio. The Company’s divisions include Employer Services and Professional Employer Organization (PEO) Services.
The stock increased 0.27% or $0.26 on November 23, hitting $96.65. About 2.97M shares traded hands or 49.25% up from the average. Automatic Data Processing (NASDAQ:ADP) has risen 7.81% since April 22, 2016 and is uptrending. It has outperformed by 2.40% the S&P500.
Analysts await Automatic Data Processing (NASDAQ:ADP) to report earnings on February, 1. They expect $0.81 EPS, up 12.50% or $0.09 from last year’s $0.72 per share. ADP’s profit will be $368.50M for 29.83 P/E if the $0.81 EPS becomes a reality. After $0.86 actual EPS reported by Automatic Data Processing for the previous quarter, Wall Street now forecasts -5.81% negative EPS growth.
According to Zacks Investment Research, “Automatic Data Processing, Inc. is one of the largest providers of computerized transaction processing, data communication, and information services in the world. ADP Employer Services offers a comprehensive range of payroll, human resources, benefits administration, time and attendance, tax filing and reporting, professional employer organization, compliance management and retirement plan services to employers in the United States, Canada, Europe and Latin America.”
Cincinnati Indemnity Co holds 19.12% of its portfolio in Automatic Data Processing for 48,100 shares. Cedar Rock Capital Ltd owns 4.18 million shares or 9.15% of their US portfolio. Moreover, Capital Counsel Llc Ny has 8.56% invested in the company for 1.01 million shares. The Ohio-based Cincinnati Casualty Co has invested 6.75% in the stock. Zevin Asset Management Llc, a Massachusetts-based fund reported 211,764 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 17 sales for $11.32 million net activity.
Ratings analysis reveals 27% of Automatic Data’s analysts are positive. Out of 11 Wall Street analysts rating Automatic Data, 3 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $76 while the high is $100. The stock’s average target of $91.38 is -5.45% below today’s ($96.65) share price. ADP was included in 14 notes of analysts from August 3, 2015. The firm has “Sell” rating given on Thursday, October 29 by Topeka Capital Markets. The stock has “Neutral” rating given by JP Morgan on Friday, August 14. The company was upgraded on Monday, August 31 by William Blair. The firm has “Outperform” rating given on Monday, July 11 by Bernstein. The rating was initiated by Compass Point on Friday, April 15 with “Sell”. The company was downgraded on Friday, July 29 by Robert W. Baird. The firm has “Sector Perform” rating given on Monday, May 2 by RBC Capital Markets. On Friday, September 9 the stock rating was initiated by Wedbush with “Neutral”. Argus Research maintained Automatic Data Processing (NASDAQ:ADP) on Tuesday, May 3 with “Buy” rating. RBC Capital Markets maintained the shares of ADP in a report on Thursday, February 4 with “Sector Perform” rating.
Automatic Data Processing, Inc. (ADP), incorporated on June 12, 1961, is a well-known provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Firm also provides business process outsourcing solutions. The Company’s divisions include Employer Services and Professional Employer Organization (PEO) Services. The Firm markets its solutions primarily through its direct sales force. Employer Services also markets its solutions through indirect sales channels, such as marketing relationships with banks and certified public accountants, among others.
More notable recent Automatic Data Processing (NASDAQ:ADP) news were published by: Forbes.com which released: “Automatic Data Processing a Top Ranked SAFE Dividend Stock With 2.5% Yield (ADP)” on November 09, 2016, also Foxbusiness.com with their article: “PEO Services Growth Propels Automatic Data Processing Earnings Higher” published on November 08, 2016, Finance.Yahoo.com published: “Automatic Data Processing’s Earnings, Dividend Increase” on November 14, 2016. More interesting news about Automatic Data Processing (NASDAQ:ADP) were released by: Nasdaq.com and their article: “Automatic Data Processing to announce dividend increase” published on November 05, 2016 as well as Seekingalpha.com‘s news article titled: “Analysis Of Automatic Data Processing’s Earnings And Dividend Increases” with publication date: November 14, 2016.
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By Dolores Ford