Stock On Watch: Is Automatic Data Processing’s Fuel Running Low? The Stock Reaches Record High Today

Stock On Watch: Is Automatic Data Processing's Fuel Running Low? The Stock Reaches Record High Today

The stock of Automatic Data Processing (NASDAQ:ADP) reached all time high today, Nov, 22 and still has $104.72 target or 9.00% above today’s $96.07 share price. This indicates more upside for the $43.35 billion company. This technical setup was reported by Barchart.com. If the $104.72 PT is reached, the company will be worth $3.90B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 911,351 shares traded hands. Automatic Data Processing (NASDAQ:ADP) has risen 6.07% since April 20, 2016 and is uptrending. It has outperformed by 1.51% the S&P500.

Automatic Data Processing (NASDAQ:ADP) Ratings Coverage

Out of 11 analysts covering Automatic Data (NASDAQ:ADP), 3 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 27% are positive. Automatic Data has been the topic of 14 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Wedbush on Friday, September 9. The firm has “Neutral” rating by JP Morgan given on Friday, August 14. The company was maintained on Thursday, October 29 by Topeka Capital Markets. The firm earned “Neutral” rating on Friday, July 29 by Citigroup. Compass Point initiated Automatic Data Processing (NASDAQ:ADP) on Friday, April 15 with “Sell” rating. Robert W. Baird downgraded Automatic Data Processing (NASDAQ:ADP) rating on Friday, July 29. Robert W. Baird has “Neutral” rating and $94 price target. RBC Capital Markets maintained the shares of ADP in a report on Monday, August 3 with “Sector Perform” rating. The company was maintained on Monday, May 2 by RBC Capital Markets. Bernstein upgraded the stock to “Outperform” rating in Monday, July 11 report. Argus Research maintained it with “Buy” rating and $98 target price in Tuesday, May 3 report.

According to Zacks Investment Research, “Automatic Data Processing, Inc. is one of the largest providers of computerized transaction processing, data communication, and information services in the world. ADP Employer Services offers a comprehensive range of payroll, human resources, benefits administration, time and attendance, tax filing and reporting, professional employer organization, compliance management and retirement plan services to employers in the United States, Canada, Europe and Latin America.”

Insitutional Activity: The institutional sentiment increased to 0.96 in Q2 2016. Its up 0.07, from 0.89 in 2016Q1. The ratio increased, as 44 funds sold all Automatic Data Processing shares owned while 379 reduced positions. 59 funds bought stakes while 316 increased positions. They now own 344.03 million shares or 3.92% less from 358.07 million shares in 2016Q1.
The Georgia-based Marshwinds Advisory Co has invested 0.63% in Automatic Data Processing (NASDAQ:ADP). Moreover, Everence Cap Management has 0.31% invested in Automatic Data Processing (NASDAQ:ADP) for 11,012 shares. Heathbridge Capital Management accumulated 0.01% or 264,050 shares. Canada Pension Plan Inv Board has 0.03% invested in the company for 82,971 shares. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.07% in Automatic Data Processing (NASDAQ:ADP). Coho Ptnrs last reported 1.27M shares in the company. Swarthmore has invested 0.12% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Reynders Mcveigh Capital Ltd Liability has invested 2.92% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Boston Advsr Lc last reported 11,351 shares in the company. Mariner Wealth Advsr Ltd Limited Liability Company has 0.04% invested in the company for 8,682 shares. Capital Advisers Lc has invested 0.02% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Somerset Tru Communication has 14,724 shares for 0.84% of their US portfolio. Moreover, Verition Fund Mgmt Ltd has 0.04% invested in Automatic Data Processing (NASDAQ:ADP) for 3,255 shares. Fiera Capital, a Quebec – Canada-based fund reported 7,566 shares. The Alabama-based Leavell has invested 0.46% in Automatic Data Processing (NASDAQ:ADP).

Insider Transactions: Since June 7, 2016, the stock had 0 insider buys, and 17 sales for $11.32 million net activity. Ayala John had sold 1,083 shares worth $97,167. $47,430 worth of Automatic Data Processing (NASDAQ:ADP) was sold by Black Maria. Another trade for 6,592 shares valued at $588,006 was sold by Siegmund Jan. The insider Eberhard Michael C sold 3,412 shares worth $313,904. $899,100 worth of Automatic Data Processing (NASDAQ:ADP) was sold by Rodriguez Carlos A on Thursday, September 1. On Thursday, September 1 Bonarti Michael A sold $434,245 worth of the stock or 4,840 shares. Dyson Deborah L sold $79,078 worth of stock or 898 shares.

More notable recent Automatic Data Processing (NASDAQ:ADP) news were published by: Forbes.com which released: “Automatic Data Processing a Top Ranked SAFE Dividend Stock With 2.5% Yield (ADP)” on November 09, 2016, also Foxbusiness.com with their article: “PEO Services Growth Propels Automatic Data Processing Earnings Higher” published on November 08, 2016, Finance.Yahoo.com published: “Automatic Data Processing’s Earnings, Dividend Increase” on November 14, 2016. More interesting news about Automatic Data Processing (NASDAQ:ADP) were released by: Nasdaq.com and their article: “Automatic Data Processing to announce dividend increase” published on November 05, 2016 as well as Seekingalpha.com‘s news article titled: “Analysis Of Automatic Data Processing’s Earnings And Dividend Increases” with publication date: November 14, 2016.

ADP Company Profile

Automatic Data Processing, Inc. (ADP), incorporated on June 12, 1961, is a well-known provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Firm also provides business process outsourcing solutions. The Company’s divisions include Employer Services and Professional Employer Organization (PEO) Services. The Firm markets its solutions primarily through its direct sales force. Employer Services also markets its solutions through indirect sales channels, such as marketing relationships with banks and certified public accountants, among others.

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