Automatic Data Processing, Inc. (NASDAQ:ADP) Receives $307.08 Average Price Target from Analysts

Automatic Data Processing, Inc. (NASDAQ:ADP - Get Free Report) has earned an average rating of "Hold" from the twelve brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $307.08.

A number of brokerages recently weighed in on ADP. Stifel Nicolaus upped their price objective on Automatic Data Processing to $305.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Mizuho increased their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday, June 5th. UBS Group reduced their price objective on shares of Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating for the company in a research note on Friday, June 13th. Finally, Morgan Stanley raised their price objective on Automatic Data Processing from $305.00 to $310.00 and gave the company an "equal weight" rating in a research note on Tuesday, June 17th.

Insider Activity

In other news, VP Christopher D'ambrosio sold 478 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $293.14, for a total transaction of $140,120.92. Following the sale, the vice president owned 7,364 shares in the company, valued at $2,158,682.96. This trade represents a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADP. Brighton Jones LLC boosted its holdings in Automatic Data Processing by 92.1% in the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock valued at $2,935,000 after acquiring an additional 4,808 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in Automatic Data Processing in the fourth quarter valued at $957,000. Assetmark Inc. boosted its holdings in Automatic Data Processing by 9.8% in the fourth quarter. Assetmark Inc. now owns 3,775 shares of the business services provider's stock valued at $1,105,000 after acquiring an additional 338 shares during the last quarter. Proficio Capital Partners LLC raised its position in Automatic Data Processing by 42.8% in the fourth quarter. Proficio Capital Partners LLC now owns 3,725 shares of the business services provider's stock valued at $1,090,000 after purchasing an additional 1,117 shares during the period. Finally, Banco Santander S.A. raised its position in Automatic Data Processing by 48.7% in the fourth quarter. Banco Santander S.A. now owns 3,538 shares of the business services provider's stock valued at $1,036,000 after purchasing an additional 1,158 shares during the period. Institutional investors and hedge funds own 80.03% of the company's stock.

Automatic Data Processing Stock Performance

ADP traded down $1.50 on Monday, hitting $306.90. 1,919,178 shares of the company traded hands, compared to its average volume of 1,714,113. The company has a 50 day moving average of $312.50 and a 200-day moving average of $303.71. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $124.58 billion, a PE ratio of 31.41, a PEG ratio of 2.87 and a beta of 0.76. Automatic Data Processing has a 12-month low of $231.27 and a 12-month high of $329.93.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.06 EPS for the quarter, beating the consensus estimate of $2.97 by $0.09. The firm had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.49 billion. Automatic Data Processing had a return on equity of 77.33% and a net margin of 19.79%. The firm's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.88 EPS. Sell-side analysts anticipate that Automatic Data Processing will post 9.93 earnings per share for the current year.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.