Among 7 analysts covering Automatic Data Processing (NASDAQ:ADP), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Automatic Data Processing had 7 analyst reports since August 10, 2018 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Market Perform” on Thursday, November 1. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Neutral” rating by Citigroup on Thursday, November 1. Argus Research maintained Automatic Data Processing, Inc. (NASDAQ:ADP) on Monday, August 13 with “Buy” rating. See Automatic Data Processing, Inc. (NASDAQ:ADP) latest ratings:
15/11/2018 Broker: Barclays Capital Rating: Overweight New Target: $168 Initiates Coverage On
01/11/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $155 New Target: $150 Maintain
01/11/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $137 New Target: $147 Maintain
02/10/2018 Broker: Jefferies Rating: Hold New Target: $160 Initiates Coverage On
21/08/2018 Broker: Guggenheim Rating: Buy New Target: $175 Initiates Coverage On
13/08/2018 Broker: Argus Research Old Rating: Buy New Rating: Buy Old Target: $145 New Target: $150 Maintain
10/08/2018 Broker: Credit Suisse Rating: Outperform New Target: $160 Initiates Coverage On
Beech Hill Advisors Inc decreased International Business Machs (IBM) stake by 86.8% reported in 2018Q3 SEC filing. Beech Hill Advisors Inc sold 26,971 shares as International Business Machs (IBM)’s stock declined 16.83%. The Beech Hill Advisors Inc holds 4,100 shares with $620,000 value, down from 31,071 last quarter. International Business Machs now has $109.72 billion valuation. The stock decreased 0.35% or $3.18 during the last trading session, reaching $120.73. About 3.99 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 21.12% since December 14, 2017 and is downtrending. It has underperformed by 21.12% the S&P500. Some Historical IBM News: 16/04/2018 – New Survey Finds Deep Consumer Anxiety over Data Privacy and Security; 09/03/2018 – IBM Closes Above 50-Day Moving Average: Technicals; 19/03/2018 – lntersections Inc. Launches Al-Powered Identity Theft Protection with IBM Watson; 05/04/2018 – IBM joins group building a blockchain-based global identity network; 21/03/2018 – IBM: Morgan Stanley Cheers Display of Watson Success at ‘Think’ Conference — Barron’s Blog; 24/05/2018 – IBM: Credit Mutuel to Deploy Watson Across All Business Lines; 20/03/2018 – Nvidia Corp: Big Blue Touts Partnership with NVIDIA at IBM Think Confab -; 16/05/2018 – FINJAN HOLDINGS INC SAYS TERMS OF PATENT ASSIGNMENT AGREEMENT ARE CONFIDENTIAL – SEC FILING; 26/03/2018 – EUROPEAN COMMISSION APPROVES JOINT VENTURE BETWEEN IBM IBM.N AND MAERSK MAERSKB.CO; 17/04/2018 – FORTINET INC – COLLABORATED WITH IBM ON NEW IBM X-FORCE THREAT MANAGEMENT SERVICES
More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM: Follow Buffett? – Seeking Alpha” on November 22, 2018, also Seekingalpha.com with their article: “How Safe Is IBM’s Dividend? – Seeking Alpha” published on November 23, 2018, Seekingalpha.com published: “Crash Protection Kicks In For IBM – Seeking Alpha” on November 25, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Bizjournals.com and their article: “Red Hat proxy shows ‘opportunity’ for upset bids in IBM deal – Triangle Business Journal” published on December 13, 2018 as well as Fool.com‘s news article titled: “IBM Raises Cash Ahead of Megadeal – The Motley Fool” with publication date: December 07, 2018.
Beech Hill Advisors Inc increased Albemarle Corp (NYSE:ALB) stake by 9,076 shares to 33,307 valued at $3.32 million in 2018Q3. It also upped Intel Corp (NASDAQ:INTC) stake by 8,750 shares and now owns 93,722 shares. At&T Inc (NYSE:T) was raised too.
Investors sentiment increased to 0.91 in Q3 2018. Its up 0.01, from 0.9 in 2018Q2. It improved, as 65 investors sold IBM shares while 594 reduced holdings. 116 funds opened positions while 481 raised stakes. 492.69 million shares or 0.61% more from 489.70 million shares in 2018Q2 were reported. Charles Schwab Advisory holds 2.40M shares. Gardner Russo Gardner Ltd Liability Com owns 1,571 shares. Fund Evaluation Gru Limited Liability reported 0.31% in International Business Machines Corporation (NYSE:IBM). Hillsdale accumulated 2,500 shares. Moreover, Willingdon Wealth Management has 1.57% invested in International Business Machines Corporation (NYSE:IBM) for 37,997 shares. Ima Wealth holds 2,724 shares or 0.16% of its portfolio. Partnervest Advisory Svcs Limited Liability Company holds 1.35% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 22,435 shares. Evercore Wealth Mgmt Ltd Co has 28,195 shares. New Mexico Educational Retirement Board owns 81,747 shares for 0.47% of their portfolio. Motco holds 0.85% or 56,452 shares. Clear Harbor Asset Mngmt Lc holds 2,619 shares. Greenwood Gearhart invested in 58,453 shares or 2.48% of the stock. Moreover, Curbstone Management Corp has 0.36% invested in International Business Machines Corporation (NYSE:IBM). Polaris Greystone Gru Lc accumulated 3,046 shares. Clearbridge Ltd Limited Liability Company holds 2.02% or 54,476 shares.
Since August 3, 2018, it had 5 insider purchases, and 1 insider sale for $426,695 activity. On Thursday, November 1 WADDELL FREDERICK H bought $249,722 worth of International Business Machines Corporation (NYSE:IBM) or 2,153 shares. Another trade for 1,000 shares valued at $114,673 was bought by OWENS JAMES W. Another trade for 4,311 shares valued at $495,846 was bought by TAUREL SIDNEY. Another trade for 2,000 shares valued at $232,838 was bought by Swedish Joseph. The insider Gherson Diane J sold 11,451 shares worth $1.67M. Another trade for 8,500 shares valued at $998,835 was bought by Rometty Virginia M.
Among 10 analysts covering IBM (NYSE:IBM), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. IBM had 12 analyst reports since June 28, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, October 18 by Argus Research. The rating was maintained by Wells Fargo on Monday, July 30 with “Market Perform”. BMO Capital Markets maintained the shares of IBM in report on Thursday, July 19 with “Market Perform” rating. UBS maintained the shares of IBM in report on Tuesday, October 30 with “Buy” rating. The firm earned “Buy” rating on Thursday, July 19 by Stifel Nicolaus. The firm has “Neutral” rating by Cantor Fitzgerald given on Wednesday, October 17. Morgan Stanley maintained the shares of IBM in report on Thursday, July 19 with “Overweight” rating. UBS upgraded it to “Buy” rating and $180 target in Wednesday, September 26 report. The stock has “Buy” rating by RBC Capital Markets on Monday, November 26. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, October 17.
Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on January, 17. They expect $4.86 earnings per share, down 6.18% or $0.32 from last year’s $5.18 per share. IBM’s profit will be $4.42 billion for 6.21 P/E if the $4.86 EPS becomes a reality. After $3.42 actual earnings per share reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 42.11% EPS growth.
Since June 29, 2018, it had 0 insider purchases, and 13 insider sales for $32.46 million activity. 6,216 Automatic Data Processing, Inc. (NASDAQ:ADP) shares with value of $901,811 were sold by Black Maria. 950 shares were sold by Perrotti Thomas J, worth $137,507. Bonarti Michael A sold $314,670 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Friday, June 29. Shares for $14.98M were sold by Rodriguez Carlos A on Wednesday, November 7. 1,197 shares valued at $172,886 were sold by Sackman Stuart on Friday, August 31. Another trade for 3,345 shares valued at $482,851 was made by Albinson Brock on Friday, August 31. Ayala John sold $1.74 million worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Friday, August 31.
More notable recent Automatic Data Processing, Inc. (NASDAQ:ADP) news were published by: Nasdaq.com which released: “Automatic Data Processing, Inc. (ADP) Ex-Dividend Date Scheduled for December 13, 2018 – Nasdaq” on December 12, 2018, also Nasdaq.com with their article: “US private-sector job growth misses forecasts in Nov -ADP – Nasdaq” published on December 06, 2018, Nasdaq.com published: “Salad of Econ Data for Healthy Markets: ADP, Claims & More – Nasdaq” on December 06, 2018. More interesting news about Automatic Data Processing, Inc. (NASDAQ:ADP) were released by: Nasdaq.com and their article: “ADP (ADP) Up 3.5% Since Last Earnings Report: Can It Continue? – Nasdaq” published on November 30, 2018 as well as Nasdaq.com‘s news article titled: “Notable Friday Option Activity: ADP, BA, COL – Nasdaq” with publication date: November 16, 2018.
Investors sentiment decreased to 0.75 in Q3 2018. Its down 0.12, from 0.87 in 2018Q2. It worsened, as 50 investors sold Automatic Data Processing, Inc. shares while 461 reduced holdings. 120 funds opened positions while 263 raised stakes. 332.04 million shares or 0.51% less from 333.72 million shares in 2018Q2 were reported. Haverford Fincl Service has 2,095 shares. Moreover, First Tru has 0.58% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 37,931 shares. Amundi Pioneer Asset Incorporated owns 496,371 shares for 0.1% of their portfolio. Evermay Wealth Mgmt Llc accumulated 2,618 shares or 0.12% of the stock. Hanson Mcclain Inc invested in 0.01% or 1,251 shares. Eulav Asset Mgmt owns 15,700 shares. State Farm Mutual Automobile Insurance has 4.15 million shares for 0.78% of their portfolio. Donaldson Capital Management Lc stated it has 72,925 shares or 0.96% of all its holdings. Nordea reported 388,244 shares. State Of New Jersey Common Pension Fund D accumulated 0.06% or 110,800 shares. Mirae Asset Invs accumulated 87,445 shares or 0.1% of the stock. Kentucky-based Kentucky Retirement Sys has invested 0.24% in Automatic Data Processing, Inc. (NASDAQ:ADP). 10,350 are held by Cambridge Advsrs. Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma, a Massachusetts-based fund reported 1.30M shares. Panagora Asset Mgmt stated it has 0.01% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP).
Automatic Data Processing, Inc., together with its subsidiaries, provides business process outsourcing services worldwide. The company has market cap of $60.50 billion. The firm operates through two divisions, Employer Services and Professional Employer Organization Services. It has a 35.63 P/E ratio. The Employer Services segment offers various human resources (HR) business process outsourcing and technology-enabled human capital management solutions to clients.
The stock decreased 0.42% or $4.98 during the last trading session, reaching $138.2. About 1.87 million shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 20.58% since December 14, 2017 and is uptrending. It has outperformed by 20.58% the S&P500. Some Historical ADP News: 07/03/2018 – U.S. ADP Feb. National Franchise Report (Table); 22/04/2018 – DJ Automatic Data Processing Inc, Inst Holders, 1Q 2018 (ADP); 19/04/2018 – ADP ADP.PA – GROUPE ADP’S INVESTMENT STANDS AT $265 MLN; 14/03/2018 – ADP PARIS AIRPORTS FEBRUARY TRAFFIC RISES 0.9%; 15/03/2018 – FINAL DECISION ON AN EVENTUAL SELL-OFF OF ADP WILL BE TAKEN DURING THE SPRING — STATE SHAREHOLDING AGENCY; 07/03/2018 – ADP Report U.S. Labor Market Continues to Experience Uninterrupted Growth; 07/03/2018 – French Government to Launch Full Privatization of ADP -BFM Business; 25/04/2018 – April 2018 ADP National Employment Report®, ADP Small Business Report® and ADP National Franchise Report® to be Released on WEDNESDAY, May 2, 2018; 25/04/2018 – U.S. Wages Grow 2.9 Percent Over Past Year, Information Industry Experienced Highest Wage Growth of 5.6 Percent; 05/04/2018 – REG-Aéroports de Paris SA: Appointments within Groupe ADP
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