Coastline Trust Co buys $6,928,653 stake in Automatic Data Processing (ADP)

Automatic Data Processing (ADP) : Coastline Trust Co scooped up 75 additional shares in Automatic Data Processing during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 72,635 shares of Automatic Data Processing which is valued at $6,928,653.Automatic Data Processing makes up approximately 1.37% of Coastline Trust Co’s portfolio.

Other Hedge Funds, Including , Woodley Farra Manion Portfolio Management Inc reduced its stake in ADP by selling 207 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 253,562 shares of ADP which is valued at $24,187,279. Automatic Data Processing makes up approx 3.66% of Woodley Farra Manion Portfolio Management Inc’s portfolio.Hartford Financial Management reduced its stake in ADP by selling 300 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 32,541 shares of ADP which is valued at $3,093,347. Automatic Data Processing makes up approx 1.80% of Hartford Financial Management’s portfolio.Private Bank Trust Co reduced its stake in ADP by selling 4,403 shares or 15.76% in the most recent quarter. The Hedge Fund company now holds 23,535 shares of ADP which is valued at $2,234,178. Automatic Data Processing makes up approx 0.34% of Private Bank Trust Co’s portfolio.Patton Albertson Miller Group reduced its stake in ADP by selling 75 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 4,492 shares of ADP which is valued at $427,369. Automatic Data Processing makes up approx 0.19% of Patton Albertson Miller Group’s portfolio.Ct Mason reduced its stake in ADP by selling 473 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 46,652 shares of ADP which is valued at $4,407,214. Automatic Data Processing makes up approx 1.84% of Ct Mason’s portfolio.

Automatic Data Processing opened for trading at $95.56 and hit $95.64 on the upside on Wednesday, eventually ending the session at $95.39, with a gain of 0.39% or 0.37 points. The heightened volatility saw the trading volume jump to 10,90,135 shares. Company has a market cap of $43,453 M.

On the company’s financial health, Automatic Data Processing reported $1.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $1.18. The company had revenue of $3248.60 million for the quarter, compared to analysts expectations of $3272.98 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.

Many Wall Street Analysts have commented on Automatic Data Processing. Company shares were Upgraded by Bernstein on Jul 11, 2016 to ” Outperform”, Firm has raised the Price Target to $ 110 from a previous price target of $97 .Company shares were Reiterated by RBC Capital Mkts on May 2, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 90 from a previous price target of $87 .

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. These offerings include payroll services benefits administration recruiting and talent management human resources management insurance services retirement services and payment and compliance solutions. The Company’s PEO business ADP TotalSource offers small and mid-sized businesses human resources (HR) outsourcing solution through a co-employment model. ADP TotalSource includes HR management and employee benefits functions including HR administration employee benefits and employer liability management into a single-source solution including HR administration employee benefits and employer liability management.

Leave a Reply

Automatic Data Processing - Is it time to Sell?

Top Brokerage Firms are advising their investors on Automatic Data Processing. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.