Automatic Data Processing (ADP) : Roof Eidam Maycockadv scooped up 8,025 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 2, 2016. The investment management firm now holds a total of 17,590 shares of Automatic Data Processing which is valued at $1,551,262.Automatic Data Processing makes up approximately 0.80% of Roof Eidam Maycockadv’s portfolio.
Other Hedge Funds, Including , Lee Danner Bass Inc reduced its stake in ADP by selling 100 shares or 1.86% in the most recent quarter. The Hedge Fund company now holds 5,267 shares of ADP which is valued at $464,497. Automatic Data Processing makes up approx 0.06% of Lee Danner Bass Inc’s portfolio.Conning reduced its stake in ADP by selling 1,659 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 249,329 shares of ADP which is valued at $23,668,802. Automatic Data Processing makes up approx 0.98% of Conning’s portfolio.Boys Arnold Co Inc boosted its stake in ADP in the latest quarter, The investment management firm added 48,705 additional shares and now holds a total of 57,737 shares of Automatic Data Processing which is valued at $5,480,973. Automatic Data Processing makes up approx 0.92% of Boys Arnold Co Inc’s portfolio. Franklin Street Advisors Inc Nc added ADP to its portfolio by purchasing 2,186 company shares during the most recent quarter which is valued at $207,976. Automatic Data Processing makes up approx 0.04% of Franklin Street Advisors Inc Nc’s portfolio.
Automatic Data Processing closed down -0.23 points or -0.26% at $89.44 with 18,31,005 shares getting traded on Monday. Post opening the session at $89.59, the shares hit an intraday low of $89.185 and an intraday high of $89.88 and the price fluctuated in this range throughout the day.Shares ended Monday 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 .
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.