UBS Group Has Lowered Expectations for Automatic Data Processing (NASDAQ:ADP) Stock Price

Automatic Data Processing (NASDAQ:ADP - Get Free Report) had its price objective dropped by investment analysts at UBS Group from $323.00 to $315.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the business services provider's stock. UBS Group's price target suggests a potential upside of 2.67% from the stock's previous close.

A number of other brokerages also recently weighed in on ADP. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, June 5th. TD Securities increased their price objective on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a report on Wednesday, May 21st. Finally, Stifel Nicolaus increased their price objective on shares of Automatic Data Processing to $305.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One equities research 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. Based on data from MarketBeat, Automatic Data Processing has a consensus rating of "Hold" and an average target price of $306.82.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP traded down $2.93 during trading on Friday, reaching $306.82. The company had a trading volume of 2,021,642 shares, compared to its average volume of 1,705,702. Automatic Data Processing has a 52 week low of $231.27 and a 52 week high of $329.93. The stock has a market cap of $124.55 billion, a PE ratio of 31.99, a PEG ratio of 3.62 and a beta of 0.79. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00. The business's 50 day moving average price is $307.46 and its 200-day moving average price is $302.92.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.49 billion. During the same period in the previous year, the firm posted $2.88 earnings per share. The company's revenue was up 5.7% on a year-over-year basis. Analysts expect that Automatic Data Processing will post 9.93 earnings per share for the current year.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Christopher D'ambrosio sold 478 shares of the stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $293.14, for a total transaction of $140,120.92. Following the completion of the sale, the vice president now owns 7,364 shares of the company's stock, valued at $2,158,682.96. This represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian L. Michaud sold 1,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $305.38, for a total transaction of $458,070.00. Following the transaction, the vice president now owns 12,073 shares of the company's stock, valued at $3,686,852.74. The trade was a 11.05% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Littlejohn Financial Services Inc. acquired a new stake in Automatic Data Processing in the fourth quarter valued at $708,000. CIBC Asset Management Inc lifted its stake in shares of Automatic Data Processing by 1.8% during the 4th quarter. CIBC Asset Management Inc now owns 155,934 shares of the business services provider's stock worth $45,647,000 after buying an additional 2,787 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Automatic Data Processing by 10.2% during the 4th quarter. Toronto Dominion Bank now owns 236,707 shares of the business services provider's stock worth $69,290,000 after buying an additional 21,910 shares during the last quarter. Proficio Capital Partners LLC raised its stake in Automatic Data Processing by 42.8% in the 4th quarter. Proficio Capital Partners LLC now owns 3,725 shares of the business services provider's stock worth $1,090,000 after purchasing an additional 1,117 shares in the last quarter. Finally, Napatree Capital LLC raised its stake in Automatic Data Processing by 2.7% in the 4th quarter. Napatree Capital LLC now owns 3,199 shares of the business services provider's stock worth $936,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company's stock.

About Automatic Data Processing

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.