Wedbush Morgan Initiates Coverage on Automatic Data Processing with Neutral Rating and $100 PT (NASDAQ:ADP)


The stock decreased 1.65% or $1.45 during the last trading session, hitting $86.69. About 1.94M shares traded hands or 28.48% up from the average. Automatic Data Processing (NASDAQ:ADP) has risen 8.48% since February 8, 2016 and is uptrending. It has underperformed by 8.01% the S&P500.

Automatic Data Processing, Inc. is a well-known provider of human capital management (HCM) solutions and business process outsourcing. The company has a market cap of $40.26 billion. The Firm operates through two divisions: Employer Services and Professional Employer Organization (PEO) Services. It has a 26.66 P/E ratio. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions.

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