Automatic Data Processing (ADP) : Alpha Omega Wealth Management added new position in Automatic Data Processing during the most recent quarter end. The investment management firm now holds 374 shares of Automatic Data Processing which is valued at $33,529 , the company said in a statement filed on Apr 21, 2016 with the SEC.Automatic Data Processing makes up approximately 0.03% of Alpha Omega Wealth Management’s portfolio.
Automatic Data Processing opened for trading at $89.73 and hit $90.45 on the upside on Wednesday, eventually ending the session at $90.12, with a gain of 0.37% or 0.33 points. The heightened volatility saw the trading volume jump to 24,06,460 shares. Company has a market cap of $41,225 M.
Other Hedge Funds, Including , Hhg Company boosted its stake in ADP in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 35,507 shares of Automatic Data Processing which is valued at $3,183,203. Automatic Data Processing makes up approx 0.87% of Hhg Company’s portfolio. Butensky Cohen Financial Security Inc sold out all of its stake in ADP during the most recent quarter. The investment firm sold 78 shares of ADP which is valued $6,993.
On the company’s financial health, Automatic Data Processing reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $0.72. The company had revenue of $2807.00 million for the quarter, compared to analysts expectations of $2817.18 million. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.
Many Wall Street Analysts have commented on Automatic Data Processing. Compass Point Initiated Automatic Data Processing on Apr 15, 2016 to “Sell”, Price Target of the shares are set at $76.Shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Sector Perform” and Lowered the Price Target to $ 87 from a previous price target of $88 .
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.