Top Pick for Tuesday: Automatic Data Processing, Inc. It has outperformed by 50.94% the S&P500. On average, equities research analysts expect that Automatic Data Processing will post $3.67 EPS for the current fiscal year. The institutional investor owned 2,240,870 shares of the business services provider's stock after selling 76,541 shares during the period. That's a potential -1.66 decrease relative to where Automatic Data Processing, Inc. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell". During the same period in the previous year, the business posted $0.86 earnings per share. A 2 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of ADP or, if they already own its stock, sell it. Therefore 94% are positive.
The following firms have recently changed their position in ADP. The stock of Automatic Data Processing (NASDAQ:ADP) earned "Hold" rating by BMO Capital Markets on Tuesday, September 12. BidaskClub raised Automatic Data Processing from a "hold" rating to a "buy" rating in a research report on Saturday, September 9th. The company was maintained on Wednesday, October 28 by Benchmark. Investors of record on Friday, December 8th will be issued a $0.63 dividend. Its down 0.06, from 0.83 in 2017Q1. Moreover, Fernwood Investment Mgmt Ltd Liability Company has 0.41% invested in Automatic Data Processing (NASDAQ:ADP). Central Bancorp And Trust has 300 shares for 0.01% of their portfolio. River & Mercantile Asset Mngmt Limited Liability Partnership has 1.09% invested in Zions Bancorp (NASDAQ:ZION).
Maximum and minimum EPS estimate for the current quarter is projected at $0.7 and $0.63, respectively, according to 18 analysts. State Board Of Administration Of Florida Retirement has invested 0.19% of its portfolio in Automatic Data Processing (NASDAQ:ADP). The high insider ownership can as a matter of fact lead to the contradictory result, a management team that is unaccountable because they can keep their jobs under nearly any circumstance. Brinker holds 30,962 shares or 0.06% of its portfolio. Pennsylvania Trust Com holds 151,425 shares. (NASDAQ:AMZN). Personal Capital Advisors Corp invested in 39,465 shares. Rand Wealth Limited Liability Corporation reported 73,444 shares or 1.02% of all its holdings. The Cohen & Steers Inc holds 6.60M shares with $745.75M value, up from 6.15M last quarter. It worsened, as 62 investors sold Automatic Data Processing shares while 426 reduced holdings. Cedar Capital LLC bought a new position in Automatic Data Processing during the second quarter worth about $254,000. Over the past five trading sessions it is -1.53%; 4.6% for the month; 7.98% for the last quarter; 13.21% for the past six-months; and 48.94% for the last 12 months.
Over the past three months, Automatic Data Processing, Inc. insiders have been net buyers, dumping a net of -56,599 shares. The company trades at a free cash flow yield of 1.78 and has a P/E of 26.14. Bridgeway Cap invested 0.07% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Automatic Data Processing by 1.0% in the first quarter.
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Cedar Rock Capital Ltd decreased Automatic Data Processing In (ADP) stake by 0.7% reported in 2017Q2 SEC filing. Hanson McClain Inc. now owns 1,287 shares of the company's stock worth $118,000 after buying an additional 25 shares in the last quarter. 222,592 were reported by Korea Investment. Washington has 0.62% invested in Automatic Data Processing (NASDAQ:ADP) for 99,945 shares. Highstreet Asset Mgmt invested in 0% or 150 shares.
Automatic Data Processing (NYSE:ADP) last released its earnings results on Wednesday, November 2nd. Duncker Streett has invested 0.12% in Automatic Data Processing (NASDAQ:ADP). The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions. Therefore 16% are positive. Willis Inv Counsel holds 0.71% or 91,900 shares. The rating was maintained by RBC Capital Markets with "Sector Perform" on Monday, August 3. Evercore downgraded the stock to "Underperform" rating in Friday, June 2 report. On Monday, January 16 the stock rating was maintained by BNP Paribas with "Outperform". The firm earned "Hold" rating on Tuesday, February 28 by Peel Hunt. The firm earned "Hold" rating on Tuesday, October 3 by Stifel Nicolaus. (The) raised shares of Automatic Data Processing from a "neutral" rating to a "buy" rating and set a $114.00 price target on the stock in a research note on Friday, December 16th.
Since May 24, 2017, it had 0 insider purchases, and 1 insider sale for $4.94 million activity.
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