EPS for Automatic Data Processing (ADP) Expected At $0.70

July 18, 2017 - By Winifred Garcia

 EPS for Automatic Data Processing (ADP) Expected At $0.70
Investors sentiment decreased to 0.87 in 2016 Q4. Its down 0.09, from 0.96 in 2016Q3. It dived, as 46 investors sold Automatic Data Processing shares while 423 reduced holdings. 116 funds opened positions while 293 raised stakes. 345.06 million shares or 1.28% more from 340.71 million shares in 2016Q3 were reported.
Tcw Group Inc Inc reported 0.04% of its portfolio in Automatic Data Processing (NASDAQ:ADP). 177,327 are held by Kcm Investment Advsrs Limited Liability Company. Wendell David Assocs Inc invested 5.07% in Automatic Data Processing (NASDAQ:ADP). Marco Inv Mngmt Limited Liability Company stated it has 0.08% in Automatic Data Processing (NASDAQ:ADP). 59,684 were accumulated by Allstate Corp. Shayne & Limited Liability holds 1.42% in Automatic Data Processing (NASDAQ:ADP) or 18,135 shares. Bedrijfstakpensioenfonds Voor De Media Pno has invested 0.16% in Automatic Data Processing (NASDAQ:ADP). Sit Assocs has 93 shares for 0% of their portfolio. Advsr Limited Liability Com invested in 2,742 shares. East Coast Asset Mgmt Lc holds 22,953 shares or 0.71% of its portfolio. Us Financial Bank De has invested 0.35% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Pittenger & Anderson, Nebraska-based fund reported 30,860 shares. Louisiana State Employees Retirement Sys reported 28,400 shares stake. Missouri-based Benjamin F Edwards And Incorporated has invested 0.25% in Automatic Data Processing (NASDAQ:ADP). Guardian Trust reported 623,450 shares or 0.5% of all its holdings.

Since January 23, 2017, it had 0 buys, and 14 insider sales for $24.62 million activity. The insider Rodriguez Carlos A sold 79,606 shares worth $7.88M. $94,071 worth of stock was sold by Perrotti Thomas J on Monday, January 23. Shares for $108,053 were sold by Albinson Brock on Monday, January 23. 5,688 shares were sold by JONES JOHN P III, worth $594,150 on Wednesday, March 1. Flynn Edward B III sold $3.99 million worth of stock or 41,521 shares. Eberhard Michael C sold $52,500 worth of Automatic Data Processing (NASDAQ:ADP) on Monday, March 6. Ayala John sold $2.44M worth of stock.

Investors wait Automatic Data Processing (NASDAQ:ADP) to report on July, 27. its quarterly earnings Wall Street analysts expect $0.70 earnings per share, up $0.01 or 1.45 % from last year’s $0.69 same quarter earnings. This translates into $312.35M profit for ADP giving the stock a 36.32 P/E. This is assuming the current $0.70 EPS is accurate. Automatic Data Processing’s Wall Street analysts see -46.56 % negative EPS growth, taking into account the $1.31 EPS reproted in the previous quarter, The stock increased 0.35% or $0.35 during the last trading session, reaching $101.7. About 3.15M shares traded. Automatic Data Processing (NASDAQ:ADP) has risen 15.83% since July 18, 2016 and is uptrending. It has underperformed by 0.87% the S&P500.

Automatic Data Processing (NASDAQ:ADP) Ratings Coverage

Among 15 analysts covering Automatic Data (NASDAQ:ADP), 4 have Buy rating, 3 Sell and 8 Hold. Therefore 27% are positive. Automatic Data had 20 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Automatic Data Processing (NASDAQ:ADP) earned “Sector Perform” rating by RBC Capital Markets on Monday, August 3. The rating was maintained by RBC Capital Markets on Thursday, February 4 with “Sector Perform”. The rating was maintained by Citigroup with “Neutral” on Friday, July 29. The rating was initiated by Wedbush on Friday, September 9 with “Neutral”. The rating was maintained by BMO Capital Markets on Tuesday, July 11 with “Hold”. The rating was downgraded by Evercore to “Underperform” on Friday, June 2. The stock of Automatic Data Processing (NASDAQ:ADP) earned “Neutral” rating by JP Morgan on Friday, August 14. The rating was downgraded by Robert W. Baird on Friday, July 29 to “Neutral”. The rating was maintained by Topeka Capital Markets on Thursday, October 29 with “Sell”. Barclays Capital initiated it with “Overweight” rating and $115 target in Tuesday, December 20 report.

Automatic Data Processing, Inc. is a well-known provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The company has market cap of $45.38 billion. The Firm also provides business process outsourcing solutions. It has a 26.26 P/E ratio. The Company’s divisions include Employer Services and Professional Employer Organization (PEO) Services.

More notable recent Automatic Data Processing (NASDAQ:ADP) news were published by: Nasdaq.com which released: “Automatic Data Processing Releases Private Payroll Data” on July 06, 2017, also Seekingalpha.com with their article: “Goldman Sachs downgrades Automatic Data Processing; shares down nearly 1%” published on June 20, 2017, Nasdaq.com published: “Pioneer Trust Bank NA Buys Altria Group Inc, Automatic Data Processing Inc …” on July 08, 2017. More interesting news about Automatic Data Processing (NASDAQ:ADP) were released by: Bizjournals.com and their article: “ADP seeks more than 20 employees for these positions” published on July 09, 2017 as well as Nasdaq.com‘s news article titled: “Winslow, Evans & Crocker, Inc. Buys Microsoft Corp, Automatic Data Processing …” with publication date: July 15, 2017.

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