Automatic Data Processing with ticker code (ADP) have now 17 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 181 and 124 calculating the mean target price we have 149.71. Given that the stocks previous close was at 138.53 this would imply there is a potential upside of 8.1%. The 50 day MA is 140.73 and the 200 moving average now moves to 143.77. The market capitalisation for the company is $61,261m. Company Website: http://www.adp.com
Automatic Data Processing provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions. Its offerings include payroll, benefits administration, talent management, HR management, workforce management, insurance, retirement, and compliance services. The PEO Services segment provides HR outsourcing solutions to small and mid-sized businesses through a co-employment model. This segment offers benefits package, protection and compliance, talent engagement, comprehensive outsourcing, and recruitment process outsourcing services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.