Barclays Issues a Downgrade on Automatic Data Processing (NASDAQ:ADP) Shares. What’s Next?

July 18, 2017 - By Maria Brooks

 Barclays Issues a Downgrade on Automatic Data Processing (NASDAQ:ADP) Shares. What’s Next?

Investors sentiment decreased to 0.87 in 2016 Q4. Its down 0.09, from 0.96 in 2016Q3. It turned negative, 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.

Gamble Jones Invest Counsel owns 0.19% invested in Automatic Data Processing (NASDAQ:ADP) for 17,068 shares. Sadoff Mngmt Limited Liability Corporation holds 5,000 shares or 0.05% of its portfolio. Blue Fincl Capital Incorporated reported 7,571 shares or 0.51% of all its holdings. Cadence National Bank Na reported 5,511 shares or 0.27% of all its holdings. Klingenstein Fields And Company Limited Liability Corp reported 4,200 shares stake. Liberty Capital Mgmt Inc has invested 0.43% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Whittier Trust accumulated 0.29% or 66,389 shares. Woodstock Corp reported 1.73% stake. Washington Trust has 100,111 shares. Ashfield Capital Prtnrs Ltd Limited Liability Company owns 33,225 shares for 0.33% of their portfolio. Amica Pension Fund Board Of Trustees invested in 0.21% or 17,342 shares. Pitcairn Co accumulated 2,566 shares. S&Co Inc has 4.47% invested in Automatic Data Processing (NASDAQ:ADP). Northrock Prtnrs Limited Liability Company reported 2,354 shares. Brighton Jones Limited Liability Corporation reported 2,179 shares stake.

Since January 23, 2017, it had 0 insider purchases, and 14 sales for $24.62 million activity. 2,868 shares valued at $301,197 were sold by Perrotti Thomas J on Friday, March 17. Flynn Edward B III sold $3.99 million worth of stock. $7.88 million worth of Automatic Data Processing (NASDAQ:ADP) was sold by Rodriguez Carlos A. Shares for $42,108 were sold by Albinson Brock. Shares for $52,500 were sold by Eberhard Michael C on Monday, March 6. O’Brien Dermot J sold $2.38 million worth of stock or 23,036 shares. 24,028 shares valued at $2.44 million were sold by Ayala John on Friday, January 27.

Automatic Data Processing (NASDAQ:ADP) Receives a Downgrade

Barclays lowered shares of Automatic Data Processing (NASDAQ:ADP) stock from a “Overweight” rating to a “Equal-Weight” rating in an analyst report sent to clients and investors on Tuesday morning.

Investors sentiment decreased to 0.87 in 2016 Q4. Its down 0.09, from 0.96 in 2016Q3. It turned negative, 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.

Gamble Jones Invest Counsel owns 0.19% invested in Automatic Data Processing (NASDAQ:ADP) for 17,068 shares. Sadoff Mngmt Limited Liability Corporation holds 5,000 shares or 0.05% of its portfolio. Blue Fincl Capital Incorporated reported 7,571 shares or 0.51% of all its holdings. Cadence National Bank Na reported 5,511 shares or 0.27% of all its holdings. Klingenstein Fields And Company Limited Liability Corp reported 4,200 shares stake. Liberty Capital Mgmt Inc has invested 0.43% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Whittier Trust accumulated 0.29% or 66,389 shares. Woodstock Corp reported 1.73% stake. Washington Trust has 100,111 shares. Ashfield Capital Prtnrs Ltd Limited Liability Company owns 33,225 shares for 0.33% of their portfolio. Amica Pension Fund Board Of Trustees invested in 0.21% or 17,342 shares. Pitcairn Co accumulated 2,566 shares. S&Co Inc has 4.47% invested in Automatic Data Processing (NASDAQ:ADP). Northrock Prtnrs Limited Liability Company reported 2,354 shares. Brighton Jones Limited Liability Corporation reported 2,179 shares stake.

Since January 23, 2017, it had 0 insider purchases, and 14 sales for $24.62 million activity. 2,868 shares valued at $301,197 were sold by Perrotti Thomas J on Friday, March 17. Flynn Edward B III sold $3.99 million worth of stock. $7.88 million worth of Automatic Data Processing (NASDAQ:ADP) was sold by Rodriguez Carlos A. Shares for $42,108 were sold by Albinson Brock. Shares for $52,500 were sold by Eberhard Michael C on Monday, March 6. O’Brien Dermot J sold $2.38 million worth of stock or 23,036 shares. 24,028 shares valued at $2.44 million were sold by Ayala John on Friday, January 27.

Automatic Data Processing (NASDAQ:ADP) Ratings Coverage

Among 15 analysts covering Automatic Data (NASDAQ:ADP), 3 have Buy rating, 3 Sell and 9 Hold. Therefore 20% are positive. Automatic Data has $115 highest and $76 lowest target. $94.73’s average target is -5.77% below currents $100.53 stock price. Automatic Data had 21 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was downgraded by Robert W. Baird to “Neutral” on Friday, July 29. The stock of Automatic Data Processing (NASDAQ:ADP) earned “Neutral” rating by Goldman Sachs on Tuesday, June 20. The company was initiated on Friday, April 15 by Compass Point. The rating was maintained by Citigroup with “Neutral” on Friday, July 29. RBC Capital Markets maintained it with “Sector Perform” rating and $90 target in Monday, May 2 report. The firm has “Hold” rating given on Tuesday, July 11 by BMO Capital Markets. Topeka Capital Markets maintained Automatic Data Processing (NASDAQ:ADP) on Thursday, October 29 with “Sell” rating. The stock has “Overweight” rating by Barclays Capital on Tuesday, December 20. William Blair upgraded the stock to “Outperform” rating in Monday, August 31 report. As per Friday, June 2, the company rating was downgraded by Evercore.

About 210 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.

Analysts await Automatic Data Processing (NASDAQ:ADP) to report earnings on July, 27. They expect $0.70 EPS, up 1.45 % or $0.01 from last year’s $0.69 per share. ADP’s profit will be $317.93M for 35.90 P/E if the $0.70 EPS becomes a reality. After $1.31 actual EPS reported by Automatic Data Processing for the previous quarter, Wall Street now forecasts -46.56 % negative EPS growth.

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 $45.66 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 Prnewswire.com with their article: “Technical Reports on Software and Services Equities — Automatic Data …” published on June 26, 2017, Nasdaq.com published: “Winslow, Evans & Crocker, Inc. Buys Microsoft Corp, Automatic Data Processing …” on July 15, 2017. More interesting news about Automatic Data Processing (NASDAQ:ADP) were released by: Nasdaq.com and their article: “Pioneer Trust Bank NA Buys Altria Group Inc, Automatic Data Processing Inc …” published on July 08, 2017 as well as Seekingalpha.com‘s news article titled: “Labor Regulations Boosted Automatic Data Processing Revenues, What’s Next?” with publication date: July 15, 2017.

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