(ADP) Posts Earnings Results, Beats Expectations By $0.06 EPS

Lloyd Doyle
November 18, 2017

The Parnassus Investments holds 378,000 shares with $46.72 million value, down from 498,000 last quarter. Neuberger Berman Gru Ltd Liability Corp has invested 0.06% in Automatic Data Processing (NASDAQ:ADP). Bank of America Corporation upped their target price on shares of Automatic Data Processing from $111.00 to $114.00 and gave the stock a "neutral" rating in a research note on Friday, October 13th. About 1.97 million shares traded or 1.03% up from the average.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Thursday, November 2nd. It has underperformed by 0.87% the S&P500.

Since May 30, 2017, it had 0 insider purchases, and 3 selling transactions for $7.87 million activity. Therefore 25% are positive. Align Technology had 41 analyst reports since July 27, 2015 according to SRatingsIntel. BMO Capital Markets has "Hold" rating and $105.0 target. The stock of SK Telecom Co Ltd (ADR) (NYSE:SKM) has "Neutral" rating given on Tuesday, October 25 by Macquarie Research. On Friday, January 22 the stock rating was downgraded by Susquehanna to "Neutral". Robert W. Baird maintained it with "Hold" rating and $111.0 target in Wednesday, August 30 report.

A number of analysts have issued reports on ADP shares. Strategic Global Advisors Llc acquired 30,368 shares as Sk Telecom Ltd (SKM)'s stock rose 11.01%. Vetr downgraded Skechers USA Inc (NYSE:SKX) rating on Friday, August 28. Stifel Nicolaus has "Buy" rating and $126 target. The firm earned "Buy" rating on Wednesday, October 7 by Sandler O'Neill. BidaskClub raised Automatic Data Processing from a "hold" rating to a "buy" rating in a research report on Tuesday, August 1st. Therefore 16% are positive. The company has market cap of $2.10 billion. The firm earned "Hold" rating on Thursday, November 2 by Stifel Nicolaus. Grove Bank & Trust now owns 1,208 shares of the business services provider's stock valued at $124,000 after buying an additional 170 shares during the last quarter. The company was upgraded on Monday, July 31 by Evercore. Wedbush initiated it with "Neutral" rating and $100 target in Friday, September 9 report. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock.

Nomura Asset Management Company Ltd increased Powershares Qqq Trust (QQQ) stake by 6,700 shares to 12,100 valued at $1.67 million in 2017Q2. Lamb Weston Hldgs Inc was raised too.


Since May 24, 2017, it had 0 insider buys, and 1 sale for $4.94 million activity. Investors of record on Friday, December 8th will be given a dividend of $0.63 per share. Its down 0.06, from 0.83 in 2017Q1. It is negative, as 62 investors sold Automatic Data Processing shares while 426 reduced holdings. 355.68 million shares or 2.28% more from 347.76 million shares in 2017Q1 were reported. The stock of Automatic Data Processing (NASDAQ:ADP) has "Overweight" rating given on Tuesday, December 20 by Barclays Capital. Petrus Tru Lta holds 50,234 shares or 1.2% of its portfolio. Umb Savings Bank N A Mo holds 0.07% in Automatic Data Processing (NASDAQ:ADP) or 18,712 shares. Cullinan Associate Inc invested in 0.44% or 54,540 shares. The legal version of this story can be read at https://www.thelincolnianonline.com/2017/11/18/automatic-data-processings-adp-equal-weight-rating-reiterated-at-morgan-stanley.html. Notis stated it has 51,582 shares. Virginia-based Motley Fool Wealth Management Limited Liability Corp has invested 2.86% in Align Technology, Inc. Btr Capital has 5,510 shares for 0.12% of their portfolio.

The financial company has just set a TP of $114 on Automatic Data Processing (NASDAQ:ADP) shares. Aqr Capital Mngmt Lc invested 0.03% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Trust Of Virginia Va stated it has 1.55% in Automatic Data Processing (NASDAQ:ADP). During the same period past year, the company earned $0.86 earnings per share. Automatic Data Processing's payout ratio is presently 57.87%. The expected ADP's profit could reach $394.67M giving the stock 31.20 P/E in the case that $0.89 earnings per share is reported.

A total volume of 29,913,374 shares was traded. Deere & Company (NYSE:DE) has risen 46.99% since November 18, 2016 and is uptrending. It has underperformed by 37.05% the S&P500.

Investors sentiment decreased to 1.24 in Q2 2017. Its down 0.06, from 0.83 in 2017Q1. The shares were sold at an average price of $106.54, for a total value of $390,256.02. 42 funds opened positions while 95 raised stakes. Grantham Mayo Van Otterloo & Limited Liability Com accumulated 307,400 shares. Voya Inv Mgmt Ltd Limited Liability Company stated it has 0% of its portfolio in Skechers USA Inc (NYSE:SKX). Ruane Cunniff And Goldfarb has invested 0.06% in Align Technology, Inc. 160,590 were accumulated by Maverick Cap. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. Balyasny Asset Management LLC bolstered its holdings by buying 451,409 shares an increase of 4,960.5% as of 09/30/2017. J Goldman Ltd Partnership invested in 488,525 shares. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.06 billion. The Firm operates through three divisions: domestic wholesale sales, global wholesale sales, and retail sales, which includes e-commerce sales. It has a 18.34 P/E ratio. The Company's lifestyle brands include Skechers USA, Skechers Sport, Skechers Active and Skechers Sport Active, Skechers Originals, BOBS from Skechers and Mark Nason.

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