Automatic Data Processing (ADP) : Aull Monroe Investment Management Corp scooped up 2,700 additional shares in Automatic Data Processing during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 33,795 shares of Automatic Data Processing which is valued at $3,029,722.Automatic Data Processing makes up approximately 1.78% of Aull Monroe Investment Management Corp’s portfolio.
Automatic Data Processing opened for trading at $89.11 and hit $89.81 on the upside on Friday, eventually ending the session at $89.65, with a gain of 0.34% or 0.3 points. The heightened volatility saw the trading volume jump to 14,13,760 shares. Company has a market cap of $41,010 M.
Other Hedge Funds, Including , Mitchell Mcleod Pugh Williams Inc reduced its stake in ADP by selling 12 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 9,389 shares of ADP which is valued at $841,724. Automatic Data Processing makes up approx 0.66% of Mitchell Mcleod Pugh Williams Inc’s portfolio.Mountain Pacific Investment Advisers Incid reduced its stake in ADP by selling 400 shares or 0.78% in the most recent quarter. The Hedge Fund company now holds 50,564 shares of ADP which is valued at $4,558,345. Automatic Data Processing makes up approx 0.52% of Mountain Pacific Investment Advisers Incid’s portfolio.Clean Yield Group reduced its stake in ADP by selling 490 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 57,904 shares of ADP which is valued at $5,220,046. Automatic Data Processing makes up approx 2.32% of Clean Yield Group’s portfolio.Neville Rodie Shaw Inc boosted its stake in ADP in the latest quarter, The investment management firm added 375 additional shares and now holds a total of 43,858 shares of Automatic Data Processing which is valued at $3,953,799. Automatic Data Processing makes up approx 0.47% of Neville Rodie Shaw Inc’s portfolio.Capital City Trust Cofl boosted its stake in ADP in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 10,545 shares of Automatic Data Processing which is valued at $950,632. Automatic Data Processing makes up approx 0.38% of Capital City Trust Cofl’s portfolio.
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.