Automatic Data Processing (ADP) : Rowland Co Investment Counseladv scooped up 14 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 11, 2016. The investment management firm now holds a total of 90,278 shares of Automatic Data Processing which is valued at $8,138,562.Automatic Data Processing makes up approximately 3.83% of Rowland Co Investment Counseladv’s portfolio.
Automatic Data Processing closed down -0.11 points or -0.12% at $90.15 with 17,50,766 shares getting traded on Friday. Post opening the session at $90.83, the shares hit an intraday low of $89.75 and an intraday high of $90.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Dnb Asset Management As boosted its stake in ADP in the latest quarter, The investment management firm added 11,300 additional shares and now holds a total of 38,354 shares of Automatic Data Processing which is valued at $3,457,613. Automatic Data Processing makes up approx 0.07% of Dnb Asset Management As’s portfolio.Trust Co boosted its stake in ADP in the latest quarter, The investment management firm added 1,645 additional shares and now holds a total of 3,032 shares of Automatic Data Processing which is valued at $272,001. Automatic Data Processing makes up approx 0.13% of Trust Co’s portfolio.Fruth Investment Management reduced its stake in ADP by selling 975 shares or 2.62% in the most recent quarter. The Hedge Fund company now holds 36,248 shares of ADP which is valued at $3,251,808. Automatic Data Processing makes up approx 1.64% of Fruth Investment Management’s portfolio.British Columbia Investment Management Corp boosted its stake in ADP in the latest quarter, The investment management firm added 1,808 additional shares and now holds a total of 280,024 shares of Automatic Data Processing which is valued at $25,120,953. Automatic Data Processing makes up approx 0.24% of British Columbia Investment Management Corp’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.