Automatic Data Processing (NYSE:ADP) has earned an average rating of “Hold” from the seven analysts that are currently covering the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $94.67.

A number of equities research analysts recently weighed in on ADP shares. Zacks Investment Research upgraded Automatic Data Processing from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Wednesday, June 29th. JPMorgan Chase & Co. restated a “hold” rating and set a $93.00 price objective on shares of Automatic Data Processing in a research report on Friday, July 29th. Wedbush assumed coverage on Automatic Data Processing in a research report on Thursday, September 8th. They set a “neutral” rating and a $100.00 price objective on the stock. Citigroup Inc. reiterated a “neutral” rating and issued a $90.00 price target (up previously from $89.00) on shares of Automatic Data Processing in a research report on Friday, July 29th. Finally, Robert W. Baird lowered Automatic Data Processing from an “outperform” rating to a “neutral” rating and set a $94.00 price target on the stock. in a research report on Friday, July 29th.

In related news, VP Deborah L. Dyson sold 898 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $88.06, for a total transaction of $79,077.88. Following the sale, the vice president now owns 11,891 shares in the company, valued at approximately $1,047,121.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael A. Bonarti sold 4,840 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $89.72, for a total value of $434,244.80. Following the sale, the insider now owns 41,746 shares in the company, valued at approximately $3,745,451.12. The disclosure for this sale can be found here.

Several large investors have recently made changes to their positions in the stock. Zions Bancorporation raised its stake in shares of Automatic Data Processing by 228.5% in the second quarter. Zions Bancorporation now owns 1,189 shares of the company’s stock valued at $110,000 after buying an additional 827 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Automatic Data Processing by 406.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,246 shares of the company’s stock valued at $114,000 after buying an additional 1,000 shares during the last quarter. Hanson McClain Inc. raised its stake in shares of Automatic Data Processing by 2.0% in the second quarter. Hanson McClain Inc. now owns 1,287 shares of the company’s stock valued at $118,000 after buying an additional 25 shares during the last quarter. Pinkerton Retirement Specialists LLC acquired a new stake in shares of Automatic Data Processing during the second quarter valued at approximately $133,000. Finally, Kleinwort Benson Investors Dublin Ltd acquired a new stake in shares of Automatic Data Processing during the second quarter valued at approximately $202,000.

Automatic Data Processing (NYSE:ADP) traded up 0.43% during trading on Monday, reaching $87.75. The company had a trading volume of 549,137 shares. The firm has a market capitalization of $40.03 billion and a PE ratio of 27.02. Automatic Data Processing has a 12-month low of $76.65 and a 12-month high of $96.00. The firm’s 50 day moving average price is $88.55 and its 200 day moving average price is $89.36.

Automatic Data Processing (NYSE:ADP) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.94 billion. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. Analysts anticipate that Automatic Data Processing will post $3.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Friday, September 9th were given a dividend of $0.53 per share. The ex-dividend date was Wednesday, September 7th. This represents a $2.12 annualized dividend and a dividend yield of 2.43%.

About Automatic Data Processing

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions.

5 Day Chart for NYSE:ADP

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