Automatic Data Processing Inc (ADP): Dermot J O’brien , Corp. VP of Automatic Data Processing Inc sold 8,532 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $87.70 per share for a total value of $748,256.38 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 4, 2016, Jan Siegmund (Corporate Vice President) sold 13,651 shares at $90.00 per share price.On Apr 4, 2016, Douglas W Politi (other) sold 6,825 shares at $90.00 per share price.Also, 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.
Shares of Automatic Data Processing (ADP) ended Tuesday, Jun 7, 2016 session in red amid volatile trading. The shares closed down -0.82 points or -0.94% at $86.87 with 24,80,957 shares getting traded. Post opening the session at $87.7, the shares hit an intraday low of $86.79 and an intraday high of $87.97 and the price vacillated in this range throughout the day. The company has a market cap of $39,572 M and the number of outstanding shares has been calculated to be 45,55,34,800 shares. The 52-week high of Automatic Data Processing is $91 and the 52-week low is $64.29.
Company has been under the radar of several Street Analysts.Automatic Data Processing is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 90 from a previous price target of $87 .The Rating was issued on May 2, 2016.Automatic Data Processing is Initiated by Compass Point to Sell and the brokerage firm has set the Price Target at $76. The Rating was issued on Apr 15, 2016.
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.