Armstrong Henry H Associates Inc buys $2,142,001 stake in Automatic Data Processing (ADP)

Automatic Data Processing (ADP) : Armstrong Henry H Associates Inc scooped up 200 additional shares in Automatic Data Processing during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 22,564 shares of Automatic Data Processing which is valued at $2,142,001.Automatic Data Processing makes up approximately 0.41% of Armstrong Henry H Associates Inc’s portfolio.

Other Hedge Funds, Including , Stewart Patten Co reduced its stake in ADP by selling 10 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 159,335 shares of ADP which is valued at $15,198,966. Automatic Data Processing makes up approx 2.90% of Stewart Patten Co’s portfolio.

Automatic Data Processing closed down -2.78 points or -3.03% at $88.95 with 38,99,670 shares getting traded on Friday. Post opening the session at $91.38, the shares hit an intraday low of $88.925 and an intraday high of $91.38 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Automatic Data Processing reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.67. The company had revenue of $2898.20 million for the quarter, compared to analysts expectations of $2934.72 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Many Wall Street Analysts have commented on Automatic Data Processing. Robert W. Baird Downgraded Automatic Data Processing on Jul 29, 2016 to ” Neutral”, Price Target of the shares are set at $94.Company shares were Upgraded by Bernstein on Jul 11, 2016 to ” Outperform”, Firm has raised the Price Target to $ 110 from a previous price target of $97 .Company shares were Reiterated by RBC Capital Mkts on May 2, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 90 from a previous price target of $87 .

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.

Leave a Reply

Automatic Data Processing - Is it time to Sell?

Top Brokerage Firms are advising their investors on Automatic Data Processing. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.