Automatic Data Processing Inc. (NASDAQ:ADP) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday. The firm currently has a $97.81 price objective on the stock.

ADP has been the topic of a number of other reports. Sanford C. Bernstein upgraded Automatic Data Processing from a “mkt perform” rating to an “outperform” rating in a research report on Monday, July 11th. Wedbush initiated coverage on Automatic Data Processing in a report on Friday, September 9th. They set a “neutral” rating and a $100.00 price objective on the stock. Jefferies Group upped their price objective on Automatic Data Processing from $75.00 to $81.00 and gave the stock an “underperform” rating in a report on Monday, August 1st. Citigroup Inc. upped their price objective on Automatic Data Processing from $89.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Finally, Robert W. Baird downgraded Automatic Data Processing from an “outperform” rating to a “neutral” rating and set a $94.00 price objective on the stock. in a report on Friday, July 29th. Four analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of €91.08 ($101.20).

Analyst Recommendations for Automatic Data Processing (NASDAQ:ADP)

Shares of Automatic Data Processing (NASDAQ:ADP) traded down 1.91% during trading on Tuesday, hitting $86.09. The company had a trading volume of 1,963,464 shares. The stock has a market cap of $39.27 billion, a PE ratio of 26.51 and a beta of 0.82. The firm has a 50 day moving average of $88.38 and a 200 day moving average of $89.34. Automatic Data Processing has a 12-month low of $76.65 and a 12-month high of $96.00.

Hedge funds have recently modified their holdings of the company. Advisor Partners LLC increased its stake in shares of Automatic Data Processing by 10.1% in the first quarter. Advisor Partners LLC now owns 9,729 shares of the company’s stock valued at $873,000 after buying an additional 895 shares during the last quarter. Shufro Rose & Co. LLC increased its stake in shares of Automatic Data Processing by 7.7% in the first quarter. Shufro Rose & Co. LLC now owns 5,628 shares of the company’s stock valued at $505,000 after buying an additional 400 shares during the last quarter. Adell Harriman & Carpenter Inc. increased its stake in shares of Automatic Data Processing by 3.6% in the first quarter. Adell Harriman & Carpenter Inc. now owns 8,890 shares of the company’s stock valued at $798,000 after buying an additional 305 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in shares of Automatic Data Processing during the first quarter valued at approximately $240,000. Finally, Nikko Asset Management Americas Inc. acquired a new stake in shares of Automatic Data Processing during the first quarter valued at approximately $455,000. 77.19% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Company Profile

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 NASDAQ:ADP

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