Automatic Data Processing, Inc. (NASDAQ:ADP) Given Consensus Rating of “Hold” by Analysts

Automatic Data Processing, Inc. (NASDAQ:ADP) has earned an average recommendation of “Hold” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $253.50.

A number of brokerages have recently issued reports on ADP. StockNews.com lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Barclays upped their target price on shares of Automatic Data Processing from $280.00 to $282.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. TD Cowen cut their target price on shares of Automatic Data Processing from $253.00 to $251.00 and set a “hold” rating on the stock in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Automatic Data Processing from $254.00 to $250.00 and set an “underweight” rating on the stock in a research note on Thursday, May 2nd.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $252.67 on Monday. Automatic Data Processing has a 12 month low of $205.53 and a 12 month high of $256.84. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $103.42 billion, a P/E ratio of 28.20, a P/E/G ratio of 2.49 and a beta of 0.78. The company’s fifty day moving average price is $244.27 and its two-hundred day moving average price is $244.92.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, May 1st. The business services provider reported $2.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.79 by $0.09. The business had revenue of $5.30 billion for the quarter, compared to analyst estimates of $5.22 billion. Automatic Data Processing had a net margin of 19.56% and a return on equity of 93.09%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.52 EPS. On average, research analysts anticipate that Automatic Data Processing will post 9.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ADP. Premier Path Wealth Partners LLC bought a new position in shares of Automatic Data Processing in the fourth quarter valued at approximately $492,000. Mutual Advisors LLC boosted its holdings in shares of Automatic Data Processing by 22.2% in the fourth quarter. Mutual Advisors LLC now owns 8,354 shares of the business services provider’s stock valued at $1,946,000 after acquiring an additional 1,518 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its holdings in shares of Automatic Data Processing by 145.7% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,000 shares of the business services provider’s stock valued at $233,000 after acquiring an additional 593 shares in the last quarter. CoreCap Advisors LLC bought a new position in shares of Automatic Data Processing in the fourth quarter valued at approximately $1,290,000. Finally, LVW Advisors LLC boosted its holdings in shares of Automatic Data Processing by 41.7% in the fourth quarter. LVW Advisors LLC now owns 3,114 shares of the business services provider’s stock valued at $725,000 after acquiring an additional 916 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Company Profile

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.