Automatic Data Processing (NASDAQ:ADP) Price Target Raised to $321.00 at TD Securities

Automatic Data Processing (NASDAQ:ADP - Get Free Report) had its target price boosted by investment analysts at TD Securities from $298.00 to $321.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "hold" rating on the business services provider's stock. TD Securities' price target points to a potential downside of 0.56% from the company's current price.

Several other research analysts also recently weighed in on ADP. Royal Bank of Canada reissued a "sector perform" rating and issued a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, May 1st. StockNews.com lowered Automatic Data Processing from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Stifel Nicolaus upped their target price on Automatic Data Processing to $305.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Barclays raised their price target on Automatic Data Processing from $325.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, UBS Group boosted their target price on shares of Automatic Data Processing from $318.00 to $324.00 and gave the company a "neutral" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $305.64.

Automatic Data Processing Trading Down 0.0%

NASDAQ:ADP opened at $322.80 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. The firm has a market cap of $131.03 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 3.62 and a beta of 0.76. The stock has a fifty day moving average price of $299.51 and a 200 day moving average price of $300.53. Automatic Data Processing has a 12-month low of $231.27 and a 12-month high of $323.17.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.09. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. The business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.49 billion. During the same quarter in the previous year, the firm earned $2.88 EPS. The company's revenue was up 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Automatic Data Processing will post 9.93 earnings per share for the current fiscal year.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D'ambrosio sold 473 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $306.20, for a total transaction of $144,832.60. Following the completion of the transaction, the vice president now owns 7,244 shares of the company's stock, valued at approximately $2,218,112.80. The trade was a 6.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian L. Michaud sold 1,500 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $305.38, for a total value of $458,070.00. Following the completion of the transaction, the vice president now directly owns 12,073 shares of the company's stock, valued at approximately $3,686,852.74. The trade was a 11.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,451 shares of company stock worth $743,024. Insiders own 0.21% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ADP. AMG National Trust Bank lifted its position in shares of Automatic Data Processing by 0.3% in the 4th quarter. AMG National Trust Bank now owns 11,334 shares of the business services provider's stock worth $3,318,000 after purchasing an additional 33 shares during the period. Sentinus LLC boosted its position in shares of Automatic Data Processing by 2.3% during the fourth quarter. Sentinus LLC now owns 1,548 shares of the business services provider's stock valued at $453,000 after purchasing an additional 35 shares in the last quarter. Syntegra Private Wealth Group LLC grew its stake in Automatic Data Processing by 4.7% in the first quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider's stock worth $238,000 after purchasing an additional 35 shares during the period. Transamerica Financial Advisors LLC lifted its position in Automatic Data Processing by 1.0% during the 1st quarter. Transamerica Financial Advisors LLC now owns 3,371 shares of the business services provider's stock valued at $1,030,000 after acquiring an additional 35 shares during the period. Finally, Ashton Thomas Securities LLC boosted its position in shares of Automatic Data Processing by 4.1% in the 1st quarter. Ashton Thomas Securities LLC now owns 883 shares of the business services provider's stock worth $270,000 after purchasing an additional 35 shares in the last quarter. 80.03% of the stock is owned by institutional investors.

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.

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