The recent updates on Automatic Data Processing, Inc. (ADP) provides a mixed perspective. The company has been in the spotlight due to substantial buying and selling activities by institutional investors such as Louisiana State Employees Retirement System, Kentucky Trust Co, Certuity LLC, David Wealth Management LLC, and others. It seems the stock has had both acquisitions and disposals. Furthermore, ADP's stock has been positively evaluated for its robust dividend growth and consistent yearly increases. Nevertheless, it has earned a consensus rating of 'Hold' from analysts. Strong revenue growth projections have led Jefferies to raise its price target for ADP. Furthermore, the latest quarterly earnings release demonstrated positive performance, beating segmental expectations. However, ADP's heavy institutional ownership, currently at 83%, might bring concerns regarding the stock's liquidity and price volatility. Finally, Barclays positive forecast promises good future performance of ADP's shares.
Automatic Data Processing ADP News Analytics from Thu, 18 Apr 2024 07:00:00 GMT to Sat, 15 Feb 2025 13:12:55 GMT - Rating 3 - Innovation 2 - Information 4 - Rumor -3
