In a report released today, Dan Dolev from Mizuho Securities maintained a Buy rating on Automatic Data Processing (ADP – Research Report), with a price target of $250.00. The company’s shares closed last Tuesday at $217.91.
According to TipRanks.com, Dolev is a 1-star analyst with an average return of -1.8% and a 47.3% success rate. Dolev covers the Services sector, focusing on stocks such as Fleetcor Technologies, Paypal Holdings, and Mastercard.
Automatic Data Processing has an analyst consensus of Hold, with a price target consensus of $237.86.
Based on Automatic Data Processing’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.4 billion and net profit of $929 million. In comparison, last year the company earned revenue of $3.99 billion and had a net profit of $811 million.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ADP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Automatic Data Processing, Inc. is one of the leading providers of cloud-based human resources management solutions worldwide. The company has two operating business segments – Employer Services and Professional Employer Organization (PEO). Under the Employer Services segment, the company provides payroll, talent management, benefits administration, workforce management, HR management, insurance, retirement, and compliance services to clients with workforces ranging from a single employee to tens of thousands of staff members across the world. Under its PEO services division, it offers HR outsourcing solutions to small and mid-sized businesses through a co-employment model.
Read More on ADP: