Automatic Data Processing (ADP) : Stewart Patten Co reduced its stake in Automatic Data Processing by 0.01% during the most recent quarter end. The investment management company now holds a total of 159,335 shares of Automatic Data Processing which is valued at $15,198,966 after selling 10 shares in Automatic Data Processing , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Automatic Data Processing makes up approximately 2.90% of Stewart Patten Co’s portfolio.
Other Hedge Funds, Including , Cribstone Capital Management added ADP to its portfolio by purchasing 224 company shares during the most recent quarter which is valued at $21,367. Automatic Data Processing makes up approx 0.01% of Cribstone Capital Management’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.Hall Laurie J Trustee boosted its stake in ADP in the latest quarter, The investment management firm added 245 additional shares and now holds a total of 23,731 shares of Automatic Data Processing which is valued at $2,257,767. Automatic Data Processing makes up approx 1.46% of Hall Laurie J Trustee’s portfolio. Cohen Lawrence B added ADP to its portfolio by purchasing 3,017 company shares during the most recent quarter which is valued at $285,016. Automatic Data Processing makes up approx 0.17% of Cohen Lawrence B’s portfolio.First Premier Bank reduced its stake in ADP by selling 1,396 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 37,279 shares of ADP which is valued at $3,521,747. Automatic Data Processing makes up approx 2.67% of First Premier Bank’s portfolio.
Automatic Data Processing opened for trading at $95.56 and hit $95.64 on the upside on Wednesday, eventually ending the session at $95.39, with a gain of 0.39% or 0.37 points. The heightened volatility saw the trading volume jump to 10,90,135 shares. Company has a market cap of $43,453 M.
On the company’s financial health, Automatic Data Processing reported $1.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $1.18. The company had revenue of $3248.60 million for the quarter, compared to analysts expectations of $3272.98 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.
Many Wall Street Analysts have commented on Automatic Data Processing. 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.