Automatic Data Processing (ADP) : Stadion Money Management scooped up 868 additional shares in Automatic Data Processing during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 30,982 shares of Automatic Data Processing which is valued at $2,792,408.Automatic Data Processing makes up approximately 0.09% of Stadion Money Management’s portfolio.
Other Hedge Funds, Including , Public Sector Pension Investment Board boosted its stake in ADP in the latest quarter, The investment management firm added 12,100 additional shares and now holds a total of 86,402 shares of Automatic Data Processing which is valued at $7,787,412. Automatic Data Processing makes up approx 0.09% of Public Sector Pension Investment Board’s portfolio.Advisors Asset Management boosted its stake in ADP in the latest quarter, The investment management firm added 21,235 additional shares and now holds a total of 137,695 shares of Automatic Data Processing which is valued at $12,447,628. Automatic Data Processing makes up approx 0.20% of Advisors Asset Management’s portfolio.Stephens Inc Ar boosted its stake in ADP in the latest quarter, The investment management firm added 4,624 additional shares and now holds a total of 47,716 shares of Automatic Data Processing which is valued at $4,278,694. Automatic Data Processing makes up approx 0.18% of Stephens Inc Ar’s portfolio.
Automatic Data Processing opened for trading at $90.02 and hit $90.63 on the upside on Thursday, eventually ending the session at $90.63, with a gain of 0.91% or 0.82 points. The heightened volatility saw the trading volume jump to 17,75,623 shares. Company has a market cap of $41,343 M.
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 .
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.