Jefferies Now Covering Automatic Data Processing (NASDAQ:ADP) With $160 Target

October 2, 2018 - By Ellis Scott

Automatic Data Processing, Inc. (NASDAQ:ADP) Logo

Investors sentiment increased to 0.87 in 2018 Q2. Its up 0.15, from 0.72 in 2018Q1. It is positive, as 43 investors sold Automatic Data Processing, Inc. shares while 437 reduced holdings. 127 funds opened positions while 289 raised stakes. 333.72 million shares or 1.59% less from 339.11 million shares in 2018Q1 were reported.

Comerica Secs Incorporated owns 2,866 shares for 0.05% of their portfolio. Pnc Fin Incorporated reported 2.30M shares stake. Wellington Limited Liability Partnership has invested 0.15% in Automatic Data Processing, Inc. (NASDAQ:ADP). Eagleclaw Managment Llc reported 2,025 shares stake. Oregon Pub Employees Retirement Fund has invested 0.24% in Automatic Data Processing, Inc. (NASDAQ:ADP). Bnp Paribas Asset Mgmt Sa owns 72,471 shares. Rampart Invest Management Communication Ltd Limited Liability Company owns 13,369 shares. Orrstown Fincl owns 100 shares or 0.02% of their US portfolio. Blackrock invested in 0.18% or 29.37M shares. 16,537 are owned by Horizon Invests Ltd Com. Moreover, Numerixs Investment Technology has 0.51% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 16,675 shares. Moneta Group Inc Invest Advsr Lc, Missouri-based fund reported 235,332 shares. Parallax Volatility Advisers L P has 0% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Amer International Group Inc Inc has invested 0.14% in Automatic Data Processing, Inc. (NASDAQ:ADP). Sg Americas Limited Liability Company has 57,684 shares for 0.07% of their portfolio.

Since May 4, 2018, it had 0 insider purchases, and 15 insider sales for $10.99 million activity. $1.12 million worth of Automatic Data Processing, Inc. (NASDAQ:ADP) shares were sold by Black Maria. Sackman Stuart had sold 87 shares worth $10,875 on Friday, May 4. 12,043 shares were sold by Ayala John, worth $1.74 million. Albinson Brock sold $482,851 worth of stock or 3,345 shares. Eberhard Michael C sold $1.08M worth of stock. $1.20 million worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Siegmund Jan.

Why Has Jefferies Given Automatic Data Processing (NASDAQ:ADP) a $160 Price Target

Research professionals at Jefferies has started coverage on Automatic Data Processing (NASDAQ:ADP) with a key Hold rating. The price target for ADP is $160. It suggests a possible upside of 6.14 % from company’s current stock price.

Automatic Data Processing, Inc. (NASDAQ:ADP) Ratings Coverage

Among 9 analysts covering Automatic Data Processing (NASDAQ:ADP), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Automatic Data Processing has $175 highest and $11800 lowest target. $147.56’s average target is -2.11% below currents $150.74 stock price. Automatic Data Processing had 14 analyst reports since April 4, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, June 6 by Stifel Nicolaus. As per Wednesday, June 13, the company rating was maintained by Morgan Stanley. The firm has “Hold” rating given on Wednesday, April 18 by BMO Capital Markets. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, June 13 report. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Buy” rating given on Tuesday, April 17 by Bank of America. The firm has “Market Perform” rating by BMO Capital Markets given on Thursday, May 3. Stifel Nicolaus maintained Automatic Data Processing, Inc. (NASDAQ:ADP) rating on Wednesday, April 4. Stifel Nicolaus has “Hold” rating and $126 target. Argus Research maintained Automatic Data Processing, Inc. (NASDAQ:ADP) on Monday, August 13 with “Buy” rating. BMO Capital Markets maintained Automatic Data Processing, Inc. (NASDAQ:ADP) rating on Wednesday, June 13. BMO Capital Markets has “Market Perform” rating and $138 target. The company was maintained on Friday, May 4 by Bank of America.

The stock increased 0.05% or $0.08 during the last trading session, reaching $150.74. About 980,362 shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 36.33% since October 2, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on November, 1. They expect $1.10 EPS, up 20.88 % or $0.19 from last year’s $0.91 per share. ADP’s profit will be $481.19 million for 34.26 P/E if the $1.10 EPS becomes a reality. After $0.92 actual EPS reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts 19.57 % EPS growth.

Automatic Data Processing, Inc., together with its subsidiaries, provides business process outsourcing services worldwide. The company has market cap of $65.94 billion. The firm operates through two divisions, Employer Services and Professional Employer Organization Services. It has a 41.19 P/E ratio. The Employer Services segment offers various human resources (HR) business process outsourcing and technology-enabled human capital management solutions to clients.

More notable recent Automatic Data Processing, Inc. (NASDAQ:ADP) news were published by: Prnewswire.com which released: “Infor Announces New Global Partnership with ADP” on September 25, 2018, also Seekingalpha.com with their article: “Splunk Continues To Acquire” published on September 14, 2018, Prnewswire.com published: “Widening the Gap: ADP Data Shows Wage Inequality Worsens for Women When Bonus Pay is Considered” on September 26, 2018. More interesting news about Automatic Data Processing, Inc. (NASDAQ:ADP) were released by: Prnewswire.com and their article: “ADP® Earns Three Brandon Hall Group Learning Excellence Awards for Learning and Development” published on September 27, 2018 as well as Nasdaq.com‘s news article titled: “ADP to Announce First Quarter Fiscal 2019 Financial Results on October 31, 2018” with publication date: September 20, 2018.

Automatic Data Processing, Inc. (NASDAQ:ADP) Institutional Positions Chart

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