ADP (NASDAQ:ADP) Stock Rating Upgraded by BidaskClub

Marco Green
May 15, 2018

Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. Institutional investors and hedge funds own 79.50% of the company's stock.

The stock increased 2.63% or $0.55 during the last trading session, reaching $21.45. About 2.11M shares traded.

Guyasuta Investment Advisors Inc decreased its stake in Automatic Data Processin (ADP) by 4.17% based on its latest 2017Q4 regulatory filing with the SEC. Nichols & Pratt Advisers Llp who had been investing in Automatic Data Processing Inc for a number of months, seems to be less bullish one the $55.81B market cap company. (BERY) regarding latest trading session and presents some other indicators that can help you to support yours research about Berry Global Group, Inc. Given that its average daily volume over the 30 days has been 5.95 million shares a day, this signifies a pretty significant change over the norm. $755,123 worth of Automatic Data Processing, Inc. Since May 14, 2017 ADP has risen 9.09% and is uptrending. It has underperformed by 2.46% the S&P500. Connors Investor Services Inc. increased its position in ADP by 1.4% during the 4th quarter. Polen Capital Management LLC increased its holdings in shares of ADP by 1.5% during the fourth quarter. (NASDAQ:ADP) for 15,290 shares. The stock was sold at an average price of $112.29, for a total transaction of $7,848,958.71. Shares for $115,319 were sold by Albinson Brock.

Currently, the 14-day ADX for Automatic Data Procs (ADP) is sitting at 10.43. The firm has "Buy" rating by Argus Research given on Friday, August 12. (NASDAQ:ADP) was sold by Albinson Brock on Monday, January 22. This is an increase from ADP's previous quarterly dividend of $0.63. That's change of 0.12, from 2017Q3's 0.68. 113 funds opened positions while 282 raised stakes. About 2.42 million shares traded. If a stock is trading on high volume, then there are many traders involved in the stock and it would be easier to find a trader to buy from or sell to. First Merchants Corporation owns 42,564 shares. Point72 Asia (Hong Kong) Limited accumulated 974 shares. Jag Cap Management Limited Liability reported 17,744 shares. We note that ADP holds a dominant position in the payroll processing and HCM market, primarily owing to its robust product portfolio. Tocqueville Asset Mngmt Lp accumulated 320,667 shares. 2,550 were reported by Bridges Investment Counsel.

Automatic Data Processing, Inc. (NASDAQ:ADP). Cadence Financial Bank Na, Texas-based fund reported 5,293 shares. Benedict Fincl Advisors reported 28,399 shares. Chesley Taft And Associate Ltd Com has 0.22% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 11,985 shs.

Ing Groep Nv stated it has 149,953 shares. Davis R M Incorporated invested in 0.37% or 80,119 shares. Among which 96 performing investment advisory and research functions.

ADP has been the subject of several research analyst reports. (NASDAQ:ADP) for 20,585 shares. ADP posted earnings of $1.31 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 9.9%. ADP's profit will be $392.06 million for 35.58 P/E if the $0.89 EPS becomes a reality. The business services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08.

Among 10 analysts covering Automatic Data Processing (NASDAQ:ADP), 3 have Buy rating, 0 Sell and 7 Hold. The positive are 30%.

Other analysts have also issued reports about the stock. Analyst's mean target amount for the company is 128.67 while analysts mean suggestion is 2.7. On Thursday, February 1 the rating was maintained by RBC Capital Markets with "Hold". On Thursday, February 1 the rating was maintained by RBC Capital Markets with "Hold". The company was maintained on Thursday, July 27 by Stifel Nicolaus. The company now has an average rating of "Buy" and an average price target of $123.00. On Thursday, May 3 the stock of Automatic Data Processing, Inc. On Tuesday, October 20 the stock rating was upgraded by Credit Suisse to "Neutral". On Tuesday, December 5 the stock of Automatic Data Processing, Inc. (NASDAQ:ADP) on Monday, August 31 to "Outperform" rating. (NASDAQ:ADP) were released by: Prnewswire.com and their article: "New Jersey Added 3500 Private Sector Jobs In April, According To ADP Regional Employment Report®" published on May 09, 2018 as well as Benzinga.com's news article titled: "Chaikin: Don't Worry, We're In A Normal Market" with publication date: May 01, 2018. More interesting news about Automatic Data Processing, Inc. This's net activity of $43.50 million. On Wednesday, January 3 a trade for 95,756 shs valued at $11.31M was made by Rodriguez Carlos A. 761 shs valued at $92,720 were sold by Perrotti Thomas J on Tuesday, January 23. The insider WILKE JEFFREY A sold 2,000 shares worth $2.91 million. (NASDAQ:AMZN) was sold by Reynolds Shelley on Thursday, February 15.

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