Windward Capital Management Co Ca buys $433,772 stake in Automatic Data Processing (ADP)

Automatic Data Processing (ADP) : Windward Capital Management Co Ca scooped up 2,123 additional shares in Automatic Data Processing during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 4,954 shares of Automatic Data Processing which is valued at $433,772.Automatic Data Processing makes up approximately 0.08% of Windward Capital Management Co Ca’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in ADP in the latest quarter, The investment management firm added 2,165 additional shares and now holds a total of 106,252 shares of Automatic Data Processing which is valued at $9,303,425. Automatic Data Processing makes up approx 0.21% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Creative Planning boosted its stake in ADP in the latest quarter, The investment management firm added 5,110 additional shares and now holds a total of 37,918 shares of Automatic Data Processing which is valued at $3,264,361. Automatic Data Processing makes up approx 0.02% of Creative Planning’s portfolio.Culbertson A N Co Inc reduced its stake in ADP by selling 40 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 33,967 shares of ADP which is valued at $2,924,219. Automatic Data Processing makes up approx 1.05% of Culbertson A N Co Inc’s portfolio.Chevy Chase Trust Holdings reduced its stake in ADP by selling 10,726 shares or 2.34% in the most recent quarter. The Hedge Fund company now holds 447,955 shares of ADP which is valued at $39,231,899. Automatic Data Processing makes up approx 0.22% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank boosted its stake in ADP in the latest quarter, The investment management firm added 51 additional shares and now holds a total of 3,499 shares of Automatic Data Processing which is valued at $306,442. Automatic Data Processing makes up approx 0.07% of Washington Trust Bank’s portfolio.

Automatic Data Processing opened for trading at $87.32 and hit $88.05 on the upside on Friday, eventually ending the session at $87.56, with a gain of 0.77% or 0.67 points. The heightened volatility saw the trading volume jump to 13,81,436 shares. Company has a market cap of $39,943 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. Wedbush Initiated Automatic Data Processing on Sep 9, 2016 to “Neutral”, Price Target of the shares are set at $11.Robert W. Baird Downgraded Automatic Data Processing on Jul 29, 2016 to ” Neutral”, Price Target of the shares are set at $94.

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.

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