Shares of Automatic Data Processing Inc. (NASDAQ:ADP) have earned an average recommendation of “Hold” from the eleven research firms that are currently covering the firm. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is €90.85 ($99.84).

Several brokerages have recently weighed in on ADP. Citigroup Inc. lifted 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. Vetr lowered Automatic Data Processing from a “strong-buy” rating to a “buy” rating and set a $97.81 price objective on the stock. in a report on Wednesday, November 2nd. Jefferies Group lifted 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. Wedbush began 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. Finally, Robert W. Baird lowered 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.

Automatic Data Processing (NASDAQ:ADP) opened at 91.08 on Tuesday. The company’s 50-day moving average price is $88.06 and its 200-day moving average price is $89.09. The firm has a market capitalization of $41.09 billion, a price-to-earnings ratio of 27.25 and a beta of 0.79. Automatic Data Processing has a 12-month low of $76.65 and a 12-month high of $96.00.

Large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in Automatic Data Processing by 1.5% in the first quarter. Legal & General Group Plc now owns 2,290,173 shares of the company’s stock worth $205,438,000 after buying an additional 33,983 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its stake in Automatic Data Processing by 130.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 832,300 shares of the company’s stock worth $74,666,000 after buying an additional 470,500 shares during the last quarter. National Pension Service increased its stake in Automatic Data Processing by 4.1% in the first quarter. National Pension Service now owns 270,309 shares of the company’s stock worth $24,249,000 after buying an additional 10,642 shares during the last quarter. Arizona State Retirement System increased its stake in Automatic Data Processing by 0.4% in the first quarter. Arizona State Retirement System now owns 268,128 shares of the company’s stock worth $24,054,000 after buying an additional 1,000 shares during the last quarter. Finally, LPL Financial LLC increased its stake in Automatic Data Processing by 10.2% in the first quarter. LPL Financial LLC now owns 98,855 shares of the company’s stock worth $8,872,000 after buying an additional 9,160 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

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 NASDAQ:ADP

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