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

Rating:
Outperform
ADP
up 494.10 %

Automatic Data Processing, Inc. (ADP) upgraded to Outperform by Bernstein

Posted on: Friday,  Oct 30, 2009  8:25 AM ET by Bernstein

Bernstein rated Outperform Automatic Data Processing, Inc. (NASDAQ: ADP) on 10/30/2009, when the stock price was $13.13. Since
then, Automatic Data Processing, Inc. has gained 494.11% as of 11/03/2015's recent price of $78.03.
If you would have followed this Bernstein's recommendation on ADP, you would have gained 494.1% of your investment in 2195 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.

A central advantage for Bernstein clients is the ability to harness our highly regarded expertise in investment research and management. Originally known as a value investor, Bernstein has long been known for seeking out stocks with temporarily depressed prices due to unwarranted short-term pessimism about a company’s ability to recover from its current problems. This philosophy is embodied in our flagship Strategic Value portfolio. But since value and growth stocks have alternated leadership—with no clear signal of when one style will give way to the other—we’ve developed a Strategic Growth portfolio that seeks out leading companies whose stock prices don’t fully reflect their companies’ potential for superior earnings growth.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/30/2009 8:25 AM Buy
None
13.13
as of 12/31/2009
1 Week up  14.01 %
1 Month up  12.86 %
3 Months up  23.21 %
1 YTD up  23.21 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/27/2009 9:25 AM Hold
None
12.26

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