Economy

(NYSE:ADP) Shares Bought by BlackRock Inc

(NYSE:ADP) Shares Bought by BlackRock Inc

Guardian Life Insurance Co. of America now owns 1,740 shares of the business services provider's stock valued at $178,000 after purchasing an additional 12 shares during the period. The correct version of this piece can be read at https://stocknewstimes.com/2017/11/21/earnest-partners-llc-has-16-10-million-holdings-in-automatic-data-processing-inc-adp.html. So is with Automatic Data Processing, Inc. Carret Asset Management LLC now owns 14,468 shares of the business services provider's stock valued at $1,482,000 after purchasing an additional 336 shares during the last quarter. BlackRock Inc. now owns 29,869,208 shares of the business services provider's stock worth $3,060,398,000 after acquiring an additional 237,439 shares in the last quarter. Oregon-based Auxier Asset Mgmt has invested 0.22% in Automatic Data Processing (NASDAQ:ADP). Polen Capital Management LLC now owns 6,661,902 shares of the business services provider's stock worth $682,578,000 after acquiring an additional 411,369 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Automatic Data Processing by 671.9% in the second quarter. The relative volume of the stock is 0.51, while its market cap is $49.01 Billion. 1607 Capital Partners Llc owns 1.14 million shares or 1.13% of their United States portfolio. Vanguard Group Inc. now owns 34,999,981 shares of the business services provider's stock worth $3,586,099,000 after purchasing an additional 811,960 shares during the period. Following the transaction, the vice president now owns 6,287 shares of the company's stock, valued at approximately $669,816.98.

In related news, VP Brock Albinson sold 3,663 shares of the company's stock in a transaction that occurred on Friday, September 1st. However, technicians believes that a higher ratio would indicate the likelihood of a constant augmentation of the company's share price.

Active and passive shareholders always require every bit of information available regarding his chosen security and this include keeping close watch on fundamental and technical data. Analysts have placed a $111.8 price target on Automatic Data Processing, Inc., suggesting a 0.67% gain from recent close. Earnings per share serves as an indicator of a company's profitability. The disclosure for this sale can be found here. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & global copyright law.

ILLEGAL ACTIVITY WARNING: This news story was first reported by TrueBlueTribune and is owned by of TrueBlueTribune.

BlackRock Inc. boosted its position in shares of Automatic Data Processing, Inc.

Several other hedge funds have also recently added to or reduced their stakes in ADP. BidaskClub upgraded shares of Automatic Data Processing from a "hold" rating to a "buy" rating in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada raised their price objective on Automatic Data Processing from $94.00 to $95.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 1st. (NASDAQ:ADP). During recent trading, shares saw a move of -0.54% hitting a price of $109.96. Robert W. Baird maintained Automatic Data Processing (NASDAQ:ADP) rating on Wednesday, August 30.

When we look at the Analyst Recommendations of the stock, the company has 2.67 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell.

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The company's consensus rating on Reuter's scale remained unchanged from 2.5 to 2.5 during a month.

With these kinds of figures it is worthy to note that Automatic Data Processing, Inc. (ADP) opened at $110.56 on Wednesday. When we look at the Volatility of the company, Week Volatility is at 0.94% whereas Month Volatility is at 1.37%. (NASDAQ:ADP) exchanged hands 1,969,482 shares versus average trading capacity of 2.90M shares, while its relative trading volume is 0.68. On the other side, analysts now consider Automatic Data Processing, Inc. a neutral, and a technical analysis of the stock is setting somewhat neutral outlook for now.

The New York-based Clearbridge Invests Ltd Liability Com has invested 0.32% in Automatic Data Processing (NASDAQ:ADP). The business services provider reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.06.

According to 16 analysts, the Average Revenue Estimate for the current Fiscal quarter is $18.16 Billion and the Low Revenue estimate is $17.9 Billion, while the High Revenue estimate is $18.34 Billion. The stock of Automatic Data Processing (NASDAQ:ADP) has "Outperform" rating given on Monday, July 11 by Bernstein. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. Comparatively, Automatic Data Processing, Inc. posted earnings of $0 per share in the same quarter a year ago.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 8th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, December 7th. This is a boost from Automatic Data Processing's previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.28%. Automatic Data Processing's payout ratio is presently 58.02%.

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes.


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