Automatic Data Processing Inc (NASDAQ:ADP): Institutional Investor Sentiment Down to 0.82

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Sentiment for Automatic Data Processing Inc (NASDAQ:ADP)

Automatic Data Processing Inc (NASDAQ:ADP) institutional sentiment decreased to 0.82 in 2019 Q2. Its down -0.13, from 0.95 in 2019Q1. The ratio has dropped, as 403 funds increased and started new equity positions, while 493 cut down and sold their equity positions in Automatic Data Processing Inc. The funds in our partner’s database reported: 337.62 million shares, down from 340.50 million shares in 2019Q1. Also, the number of funds holding Automatic Data Processing Inc in their top 10 equity positions decreased from 66 to 63 for a decrease of 3. Sold All: 45 Reduced: 448 Increased: 291 New Position: 112.

Automatic Data Processing, Inc., together with its subsidiaries, provides business process outsourcing services worldwide. The company has market cap of $69.32 billion. The firm operates through two divisions, Employer Services and Professional Employer Organization Services. It has a 30.48 P/E ratio. The Employer Services segment offers various human resources (HR) business process outsourcing and technology-enabled human capital management solutions to clients.

The stock decreased 0.42% or $0.67 during the last trading session, reaching $159.74. About 1.38M shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 24.00% since September 13, 2018 and is uptrending. It has outperformed by 24.00% the S&P500.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on October, 30. They expect $1.33 earnings per share, up 10.83 % or $0.13 from last year’s $1.2 per share. ADP’s profit will be $577.14 million for 30.03 P/E if the $1.33 EPS becomes a reality. After $1.14 actual earnings per share reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts 16.67 % EPS growth.

Cincinnati Indemnity Co holds 25.61% of its portfolio in Automatic Data Processing, Inc. for 48,100 shares. Cedar Rock Capital Ltd owns 3.09 million shares or 12.09% of their US portfolio. Moreover, Pershing Square Capital Management L.P. has 9.93% invested in the company for 4.03 million shares. The Ohio-based Cincinnati Casualty Co has invested 9.15% in the stock. Capital Counsel Llc Ny, a New York-based fund reported 782,817 shares.

Automatic Data Processing, Inc. (NASDAQ:ADP) Ratings Coverage

Ratings analysis reveals 25% of Automatic Data Processing’s analysts are positive. Out of 4 Wall Street analysts rating Automatic Data Processing, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $14700 while the high is $19000. The stock’s average target of $173.20 is 8.43% above today’s ($159.74) share price. ADP was included in 8 notes of analysts from April 5, 2019. The rating was maintained by Barclays Capital with “Overweight” on Monday, August 5. As per Thursday, August 1, the company rating was maintained by Robert W. Baird. The rating was maintained by JP Morgan with “Neutral” on Thursday, August 1. As per Thursday, August 15, the company rating was maintained by Morgan Stanley.

More notable recent Automatic Data Processing, Inc. (NASDAQ:ADP) news were published by: Finance.Yahoo.com which released: “Bill Ackman Comments on Automatic Data Processing – Yahoo Finance” on August 16, 2019, also Nasdaq.com with their article: “What Makes Automatic Data Processing (ADP) a Strong Momentum Stock: Buy Now? – Nasdaq” published on June 17, 2019, Nasdaq.com published: “Adaptimmune (ADAP) Gets Orphan Drug Status for T-cell Therapy – Nasdaq” on September 10, 2019. More interesting news about Automatic Data Processing, Inc. (NASDAQ:ADP) were released by: Nasdaq.com and their article: “Daily Dividend Report: MFC, NTES, GHM, NKE, UPS, CME, ADP – Nasdaq” published on August 09, 2019 as well as Finance.Yahoo.com‘s news article titled: “Read This Before Considering Automatic Data Processing, Inc. (NASDAQ:ADP) For Its Upcoming 0.5% Dividend – Yahoo Finance” with publication date: September 08, 2019.

Automatic Data Processing, Inc. (NASDAQ:ADP) Institutional Positions Chart

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