<div id="readability-page-1"><p>Automatic Data Processing, Inc. (NASDAQ:ADP - Get Free Report) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 4,780,000 shares, an increase of 6.0% from the June 15th total of 4,510,000 shares. Approximately 1.2% of the company's stock are sold short. Based on an average daily trading volume, of 1,470,000 shares, the short-interest ratio is currently 3.3 days.</p><h2>Automatic Data Processing Price Performance</h2><ul><li>Why Paychex Stock's Dip is the Best Opportunity in Today's Cycle</li></ul><p>Shares of NASDAQ:ADP opened at $245.82 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $244.03 and a 200 day moving average price of $244.25. Automatic Data Processing has a 52 week low of $205.53 and a 52 week high of $256.84. The company has a market cap of $100.61 billion, a P/E ratio of 27.44, a PEG ratio of 2.40 and a beta of 0.78. </p><p>Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.09. The firm had revenue of $5.30 billion during the quarter, compared to analysts' expectations of $5.22 billion. Automatic Data Processing had a return on equity of 93.09% and a net margin of 19.56%. Automatic Data Processing's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.52 earnings per share. Research analysts predict that Automatic Data Processing will post 9.16 earnings per share for the current year. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>3 payroll companies get clocked, but 1 looks cheap </li></ul><p>Several equities analysts have commented on the stock. TD Cowen dropped their price target on shares of Automatic Data Processing from $253.00 to $251.00 and set a &#34;hold&#34; rating on the stock in a research note on Thursday, May 2nd. JPMorgan Chase &amp; Co. reduced their price target on shares of Automatic Data Processing from $254.00 to $250.00 and set an &#34;underweight&#34; rating for the company in a research report on Thursday, May 2nd. StockNews.com lowered Automatic Data Processing from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, July 2nd. Evercore ISI lifted their target price on Automatic Data Processing from $227.00 to $235.00 and gave the stock an &#34;underperform&#34; rating in a research report on Tuesday, March 26th. Finally, Barclays upped their target price on Automatic Data Processing from $280.00 to $282.00 and gave the company an &#34;overweight&#34; rating in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of &#34;Hold&#34; and an average target price of $255.42.</p><p><b>View Our Latest Stock Analysis on Automatic Data Processing</b></p><h2>Institutional Trading of Automatic Data Processing</h2><ul><li>AMC Stock: The Horror Film Traders Keep Showing Up For</li></ul><p>A number of institutional investors have recently added to or reduced their stakes in the stock. BlueSpruce Investments LP purchased a new stake in shares of Automatic Data Processing in the 1st quarter worth about $365,757,000. Norges Bank purchased a new stake in shares of Automatic Data Processing in the fourth quarter valued at about $308,321,000. International Assets Investment Management LLC grew its position in shares of Automatic Data Processing by 22,539.4% in the fourth quarter. International Assets Investment Management LLC now owns 934,326 shares of the business services provider's stock valued at $217,670,000 after purchasing an additional 930,199 shares during the last quarter. Capital Research Global Investors grew its position in shares of Automatic Data Processing by 22.5% in the fourth quarter. Capital Research Global Investors now owns 3,543,317 shares of the business services provider's stock valued at $825,487,000 after purchasing an additional 649,791 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Automatic Data Processing by 27.7% during the 1st quarter. Nordea Investment Management AB now owns 2,715,382 shares of the business services provider's stock worth $678,601,000 after purchasing an additional 589,831 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company's stock. </p><h2>Automatic Data Processing Company Profile</h2> (Get Free Report)<p>Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.</p><h2>See Also</h2><ul><li>Five stocks we like better than Automatic Data Processing</li><li>Why Invest in 5G? How to Invest in 5G Stocks  </li><li>Tech Leader's Stock Split: Is It the Right Time to Buy?</li><li>2 Fintech Stocks to Buy Now and 1 to Avoid</li><li>Could the Economy be Bottoming? Major Bank's Earnings Say Yes</li><li>What is Forex and How Does it Work? </li><li>Seize This Prime Stock Opportunity on Amazon Prime Days</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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<p>Automatic Data Processing, Inc. (NASDAQ:ADP) experienced a significant increase in short interest in June. The company's stock had short interest totaling 4,780,000 shares, a growth of 6.0% from the previous total. The days-to-cover ratio is currently 3.3 days, with approximately 1.2% of the shares sold short.</p>

Automatic Data Processing, Inc. (NASDAQ:ADP) Short Interest Update