Vetr cut shares of Automatic Data Processing Inc. (NASDAQ:ADP) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday morning. They currently have $96.54 price objective on the stock.

ADP has been the subject of a number of other research reports. Sanford C. Bernstein raised shares of Automatic Data Processing from a mkt perform rating to an outperform rating in a research report on Monday, July 11th. Wedbush assumed coverage on shares of Automatic Data Processing in a research report on Friday, September 9th. They set a neutral rating and a $100.00 target price for the company. Jefferies Group increased their target price on shares of Automatic Data Processing from $75.00 to $81.00 and gave the stock an underperform rating in a research report on Monday, August 1st. Citigroup Inc. increased their target price on shares of Automatic Data Processing from $89.00 to $90.00 and gave the stock a neutral rating in a research report on Friday, July 29th. Finally, Robert W. Baird downgraded shares of Automatic Data Processing from an outperform rating to a neutral rating and set a $94.00 target price for the company. in a research report on Friday, July 29th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Automatic Data Processing has an average rating of Hold and an average target price of €90.95 ($101.06).

Automatic Data Processing (NASDAQ:ADP) opened at 88.88 on Wednesday. The firm has a market capitalization of $40.54 billion, a PE ratio of 27.36 and a beta of 0.81. The stock has a 50 day moving average of $89.12 and a 200-day moving average of $89.31. Automatic Data Processing has a one year low of $76.65 and a one year high of $96.00.

Several institutional investors have recently added to or reduced their stakes in the stock. Clear Harbor Asset Management LLC purchased a new position in shares of Automatic Data Processing during the first quarter valued at about $201,000. Haverford Financial Services Inc. purchased a new position in shares of Automatic Data Processing during the first quarter valued at about $213,000. NorthRock Partners LLC boosted its position in shares of Automatic Data Processing by 2.4% in the first quarter. NorthRock Partners LLC now owns 2,491 shares of the company’s stock valued at $225,000 after buying an additional 59 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in shares of Automatic Data Processing during the first quarter valued at about $240,000. Finally, Smith Moore & CO. purchased a new position in shares of Automatic Data Processing during the first quarter valued at about $256,000. Institutional investors own 76.89% of the company’s stock.

About Automatic Data Processing

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

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