Jefferies Maintains Automatic Data Processing to Underperform with Price Target $81.00

Brokerage firm Jefferies Maintains its rating on Automatic Data Processing(NASDAQ:ADP). In a research note issued to the investors, the brokerage major Raises the price-target to $81.00 per share. The shares have been rated Underperform. The rating by Jefferies was issued on Aug 1, 2016.

In a different note, On Jul 29, 2016, Citigroup said it Maintains its rating on Automatic Data Processing. In the research note, the firm Raises the price-target to $89.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 11, 2016, Bernstein said it Upgrades its rating on Automatic Data Processing. The shares have been rated ‘Outperform’ by the firm.

Automatic Data Processing (ADP) shares turned negative on Mondays trading session with the shares closing down -0.23 points or -0.26% at a volume of 18,31,005. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $89.88. The peak price level was also seen at $89.88 while the days lowest was $89.185. Finally the shares closed at $89.44. The 52-week high of the shares is $96 while the 52-week low is $64.29. According to the latest information available, the market cap of the company is $40,743 M.

Automatic Data Processing(ADP) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $2.90B. Analysts had an estimated revenue of $2.93B. Earnings per share were $0.69. Analysts had estimated an EPS of $0.67.

Several Insider Transactions has been reported to the SEC. On Jul 12, 2016, Jan Siegmund (Corporate Vice President) sold 3,292 shares at $95.00 per share price.Also, On Jul 12, 2016, Carlos A Rodriguez (President & CEO) sold 67,064 shares at $95.00 per share price.On Jul 5, 2016, Brock Albinson (Corp. VP) sold 378 shares at $92.00 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *