12 brokerage firms give ADP a "Hold" rating, and institutional investors own 80.03% of its stock.

Automatic Data Processing (ADP) has received a "Hold" average rating from 12 brokerage firms, with a 12-month price objective of $262.18. Hedge funds and institutional investors own 80.03% of ADP's stock, with Corundum Group significantly increasing its holdings by 127.2% in the second quarter. The company reported a 7.2% YoY increase in revenue and an EPS of $2.09 for its latest quarter, and recently declared a quarterly dividend of $1.40 per share. ADP's shares traded up to $263.66 during midday trading on Thursday.

August 16, 2024
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