Automatic Data Processingstock has a 52-week high of $96.00. Automatic Data Processing (NASDAQ:ADP) has risen 9.36% since February 2, 2016 and is uptrending. Robert W. Baird downgraded Automatic Data Processing from an “outperform” rating to a “neutral” rating and set a $94.00 target price on the stock.in a report on Friday, July 29th.
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On April 28, 2016, it posted earnings per share at $1.17 versus the consensus estimate of $1.18 (negative surprise of -0.8%). The firm has a SMA 50 (Simple Moving Average) of $90.96 and a SMA 200-(Simple Moving Average) of $89.14.
Automatic Data Processing (NYSE:ADP) last announced its earnings results on Thursday, July 28th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $93.00 target price on shares of Automatic Data Processing in a report on Friday, July 29th.
The analysts offering 12 month price targets for Automatic Data Processing, Inc. have a median target of $92, with a high estimate of $110 and a low estimate of $76. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. During the same period in the previous year, the business earned $0.55 EPS. Citigroup maintained the stock on July 29 with “Neutral” rating. Analyst Stock Watch According to a consensus average of 8 brokerage firms providing projections, they view the stock reaching $89.75 over the next 52 weeks.
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”. VP sold 1,083 shares of the stock in a reserved transaction that ensued on 9/6/2016. Following the completion of the transaction, the chief executive officer now directly owns 166,627 shares of the company’s stock, valued at $15,829,565. It recently traded in a range of $90.06-$90.99 at a volume of 1737076 shares. This depreciation has taken its market cap to $41.23B and a price-to-earnings ratio to 27.83. The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts expect that Automatic Data Processing will post $3.62 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st.
The stocks average daily volume is 1,792,030 shares out of a total float 455,333,000 of and some 1,241,788 shares crossed the trading desk yesterday, 103 percent lower than normal. The company presently has a consensus rating of “Hold” and an average price target of $95.14. The ex-dividend date is Wednesday, September 7th. The median estimate represents a 2.27% increase from the last price.
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Automatic Data Processing Inc. Following the completion of the transaction, the vice president now directly owns 7,836 shares of the company’s stock, valued at $705,240. Moreover, Capital Counsel Llc Ny has 8.56% invested in the company for 1.01 million shares. The disclosure for this sale can be found here. “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”.
