Automatic Data Processing Inc. (NASDAQ:ADP) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $97.00 price target on the stock.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird cut Automatic Data Processing from an “outperform” rating to a “neutral” rating and set a $94.00 price target on the stock. in a research note on Friday, July 29th. Citigroup Inc. upped their price target on Automatic Data Processing from $89.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 29th. Jefferies Group upped their price target on Automatic Data Processing from $75.00 to $81.00 and gave the stock an “underperform” rating in a research note on Monday, August 1st. Wedbush initiated coverage on Automatic Data Processing in a research note on Friday, September 9th. They issued a “neutral” rating and a $100.00 price target on the stock. Finally, Sanford C. Bernstein raised Automatic Data Processing from a “mkt perform” rating to an “outperform” rating in a research note on Monday, July 11th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of €91.00 ($101.11).

Shares of Automatic Data Processing (NASDAQ:ADP) traded up 0.87% during midday trading on Tuesday, hitting $87.31. The stock had a trading volume of 187,445 shares. The stock has a market cap of $39.83 billion, a PE ratio of 26.88 and a beta of 0.81. Automatic Data Processing has a 12 month low of $76.65 and a 12 month high of $96.00. The stock’s 50-day moving average is $89.12 and its 200-day moving average is $89.30.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. McQueen Ball & Associates Inc. increased its position in shares of Automatic Data Processing by 1.2% in the first quarter. McQueen Ball & Associates Inc. now owns 24,406 shares of the company’s stock worth $2,189,000 after buying an additional 295 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. increased its position in shares of Automatic Data Processing by 1.3% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 253,769 shares of the company’s stock worth $22,766,000 after buying an additional 3,370 shares during the last quarter. Joel Isaacson & Co. LLC increased its position in shares of Automatic Data Processing by 13.9% in the first quarter. Joel Isaacson & Co. LLC now owns 4,924 shares of the company’s stock worth $442,000 after buying an additional 600 shares during the last quarter. Coastline Trust Co increased its position in shares of Automatic Data Processing by 0.4% in the first quarter. Coastline Trust Co now owns 72,560 shares of the company’s stock worth $6,509,000 after buying an additional 295 shares during the last quarter. Finally, Culbertson A N & Co. Inc. acquired a new position in shares of Automatic Data Processing during the first quarter worth about $2,977,000. 76.80% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Company Profile

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.

5 Day Chart for NASDAQ:ADP

To view Vetr’s full report, visit Vetr’s official website.

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