Automatic Data Processing with ticker code (ADP) have now 16 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 181 and 124 and has a mean target at 149.63. With the stocks previous close at 138.1 this would imply there is a potential upside of 8.3%. The 50 day moving average now sits at 143.72 while the 200 day moving average is 147.79. The market cap for the company is $60,015m. 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.