Automatic Data Processing (NASDAQ:ADP) has coverage initiated with a Outperform rating and $160.00 price target

ME Staff
-
0

Analyst Ratings For Automatic Data Processing (NASDAQ:ADP)

Today, Credit Suisse Group initiated coverage on Automatic Data Processing (NASDAQ:ADP) with a Outperform with a price target of $160.00.

There are 8 Hold Ratings, 7 Buy Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Automatic Data Processing (NASDAQ:ADP) is Hold with a consensus target price of $135.6429 per share, a potential 2.85% downside.

Some recent analyst ratings include

  • 8/10/2018-Automatic Data Processing (NASDAQ:ADP) has coverage initiated with a Outperform rating and $160.00 price target
  • 7/17/2018-Automatic Data Processing (NASDAQ:ADP) has coverage initiated with a Outperform rating

Recent Insider Trading Activity For Automatic Data Processing (NASDAQ:ADP)
Automatic Data Processing (NASDAQ:ADP) has insider ownership of 0.25% and institutional ownership of 78.66%.

  • On 7/2/2018 Michael A Bonarti, Insider, sold 2,372 with an average share price of $132.66 per share and the total transaction amounting to $314,669.52.
  • On 6/13/2018 Maria Black, VP, sold 8,137 with an average share price of $138.22 per share and the total transaction amounting to $1,124,696.14.
  • On 6/7/2018 Stuart Sackman, VP, sold 2,685 with an average share price of $135.01 per share and the total transaction amounting to $362,501.85.
  • On 6/5/2018 Michael C Eberhard, Insider, sold 7,963 with an average share price of $135.00 per share and the total transaction amounting to $1,075,005.00.
  • On 6/5/2018 Stuart Sackman, VP, sold 2,566 with an average share price of $135.00 per share and the total transaction amounting to $346,410.00.
  • On 5/4/2018 Stuart Sackman, VP, sold 87 with an average share price of $125.00 per share and the total transaction amounting to $10,875.00.
  • On 2/15/2018 Carlos A Rodriguez, CEO, sold 69,899 with an average share price of $112.29 per share and the total transaction amounting to $7,848,958.71.

About Automatic Data Processing (NASDAQ:ADP)
Automatic Data Processing, Inc. provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) business process outsourcing and technology-enabled human capital management solutions. Its offerings include payroll services, benefits administration, talent management, HR management, time and attendance management, insurance, retirement, and tax and compliance services. This segment provides solutions via a software-and service-based delivery model, which businesses of various types and sizes can use to recruit, pay, manage, and retain employees; and serves approximately 570,000 clients via the company's cloud-based strategic software as a service offering. The PEO Services segment offers HR outsourcing solutions through a co-employment model. It offers HR administration services, such as employee recruitment, payroll and tax administration, time and attendance management, benefits administration, employee training and development, online HR management tools, and employee leave administration; and employee benefits that enable eligible worksite employees with access to group health, dental and vision coverage, 401(k) retirement savings plan, health savings accounts, flexible spending accounts, group term life and disability coverage, and employee assistance program. It also provides employer liability management services, including workers' compensation program, unemployment claims management, safety compliance guidance, access to employment practices liability insurance, and guidance on compliance with the U.S. federal, state, and local employment laws and regulations. Automatic Data Processing, Inc. has a strategic relationship with Financial Engines Inc. to offer independent advisory services to employers. The company was founded in 1949 and is headquartered in Roseland, New Jersey.

Recent Trading Activity for Automatic Data Processing (NASDAQ:ADP)
Shares of Automatic Data Processing closed the previous trading session at 139,62 up +1,25 0,90 % with 1185294 shares trading hands.