Automatic Data Processing (ADP) was Initiated by Compass Point to “Sell” and the brokerage firm has set the Price Target at $76. Compass Point advised their investors in a research report released on Apr 15, 2016.
Many Wall Street Analysts have commented on Automatic Data Processing. 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 .
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.
Automatic Data Processing closed down -0.62 points or -0.69% at $89.71 with 15,61,594 shares getting traded on Monday. Post opening the session at $90.95, the shares hit an intraday low of $89.69 and an intraday high of $90.99 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Apr 4, 2016, Jan Siegmund (Corporate Vice President) sold 13,651 shares at $90.00 per share price. According to the SEC, on Mar 14, 2016, John P Iii Jones (director) sold 6,242 shares at $87.46 per share price. On Mar 11, 2016, Carlos A Rodriguez (President & CEO) sold 100,110 shares at $85.49 per share price, according to the Form-4 filing with the securities and exchange commission.
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.