Automatic Data Processing (NASDAQ:ADP) has coverage initiated with a Buy ➝ Buy rating and $180.00 price target

By Market Exclusive

Analyst Ratings For Automatic Data Processing (NASDAQ:ADP)

Today, Moffett Nathanson initiated coverage on Automatic Data Processing (NASDAQ:ADP) with a Buy with a price target of $180.00.

There are 9 Buy Ratings, 8 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Automatic Data Processing (NASDAQ:ADP) is Buy with a consensus target price of $144.00 per share, a potential 3.51% downside.

Some recent analyst ratings include

  • 10/4/2018-Automatic Data Processing (NASDAQ:ADP) has coverage initiated with a Buy ➝ Buy rating and $180.00 price target
  • 10/1/2018-Automatic Data Processing (NASDAQ:ADP) has coverage initiated with a Hold rating and $160.00 price target
  • 8/20/2018-Automatic Data Processing (NASDAQ:ADP) has coverage initiated with a Buy rating and $175.00 price target
  • 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 0.33% and institutional ownership of 77.73%.

  • On 9/21/2018 Michael C Eberhard, VP, sold 9,100 with an average share price of $150.00 per share and the total transaction amounting to $1,365,000.00.
  • On 9/6/2018Don Mcguire, VP, sold 1,140 with an average share price of $145.78 per share and the total transaction amounting to $166,189.20.
  • On 9/4/2018Brock Albinson, VP, sold 3,345 with an average share price of $144.35 per share and the total transaction amounting to $482,850.75.
  • On 9/4/2018 Michael A Bonarti, Insider, sold 2,334 with an average share price of $144.77 per share and the total transaction amounting to $337,893.18.
  • 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 6/13/2018Maria 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 6/7/2018Stuart Sackman, VP, sold 2,685 with an average share price of $135.01 per share and the total transaction amounting to $362,501.85.

About Automatic Data Processing (NASDAQ:ADP)
Automatic Data Processing, Inc. provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions. Its offerings include payroll, benefits administration, talent management, HR management, time and attendance management, insurance, retirement, and compliance services. This segment provides a range of solutions, which businesses of various types and sizes can use to activate talent, as well as recruit, pay, manage, and retain their workforce. It serves approximately 630,000 clients through its cloud-based strategic software as a service offering. The PEO Services segment provides HR outsourcing solutions through a co-employment model. This segment offers HR administration services, including employee recruitment, payroll and tax administration, time and attendance management, benefits administration, employee training and development, online HR management tools, and employee leave administration. It also provides employee benefits that enable eligible worksite employees with access to a 401(k) retirement savings plan, health savings accounts, flexible spending accounts, group term life and disability coverage, and an employee assistance program, as well as group health, dental, and vision coverage. In addition, this segment offers employer liability management services comprising workers’ compensation program, unemployment claims management, safety compliance guidance and access to safety training, access to employment practices liability insurance, and guidance on compliance with the United States federal, state, and local employment laws and regulations. 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 149.05 −2.54 1.68% with 151.59 shares trading hands.

This article provided by NewsEdge.