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Automatic Data Processing, Inc. (ADP) [hlAlert]

Rating:
Hold ADP
up 232.78 %

Automatic Data Processing, Inc. (ADP) downgraded to Hold by Stifel

Posted on: Friday,  Dec 5, 2014  8:25 AM ET by Stifel

Stifel rated Hold Automatic Data Processing, Inc. (NASDAQ: ADP) on 12/05/2014. Previously Stifel rated Buy Automatic Data Processing, Inc. (NASDAQ: ADP) on
03/10/2014., when the stock price was $25.81. Since then, Automatic Data Processing, Inc. has gained 232.79% as of 12/05/2014's recent price of $85.89.
If you would have followed the previous Stifel's recommendation on ADP, you would have gained 232.78% of your investment in 270 days.

Automatic Data Processing, Inc. (ADP) is engaged in providing business outsourcing solutions. ADP offers a range of human resource (HR), payroll, tax and benefits administration solutions from a single source. ADP is also a provider of integrated computing solutions to automotive, heavy truck, motorcycle, marine and recreational vehicle dealers globally. The Company?s segment includes Employer Services, Professional Employer Organization (PEO) Services and Dealer Services. Employer Services offers a range of HR information, payroll processing, tax and benefits administration solutions and services, including traditional and Web-based outsourcing solutions, that assist approximately 540,000 employers in the United States, Canada, Europe, South America (primarily Brazil), Australia and Asia to staff, manage, pay and retain their employees. In November 2009, the Company announced the purchase of HRinterax, Inc.

Stifel
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/5/2014 8:25 AM Hold
None
85.89
as of 10/17/2014
1 Week up  0.02 %
1 Month up  164.23 %
3 Months up  175.44 %
1 YTD up  181.60 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/10/2014 9:25 AM Buy
None
25.81 29.04

(*) Stock Price at the time of the recommendation.
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