Automatic Data Processing stock is trading -12.41% below its average target price of $246.25 after dropping -3.1% during today's morning session. Analysts are giving the large-cap Business Services company an average rating of hold and target prices ranging from $213.0 to $278.0 per share.
Automatic Data Processing's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.0%. The stock's short ratio is 2.31. The company's insiders own 0.11% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 83.7%. In conclusion, we believe there is mixed market sentiment regarding Automatic Data Processing.
Institutions Invested in Automatic Data Processing
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Vanguard Group, Inc. (The) | 10% | 40,184,122 | $8,667,313,372 |
| 2022-12-31 | Blackrock Inc. | 8% | 35,208,581 | $7,594,138,921 |
| 2022-12-31 | State Street Corporation | 4% | 17,629,298 | $3,802,463,328 |
| 2022-12-31 | Morgan Stanley | 3% | 11,010,014 | $2,374,749,946 |
| 2022-12-31 | Bank Of New York Mellon Corporation | 2% | 9,963,114 | $2,148,944,082 |
| 2022-12-31 | Geode Capital Management, LLC | 2% | 9,045,455 | $1,951,014,211 |
| 2022-12-31 | AllianceBernstein, L.P. | 2% | 8,989,443 | $1,938,932,982 |
| 2022-12-31 | Charles Schwab Investment Management, Inc. | 2% | 8,586,824 | $1,852,092,089 |
| 2022-12-31 | Wells Fargo & Company | 2% | 8,306,171 | $1,791,558,043 |
| 2022-12-31 | Bank of America Corporation | 2% | 7,440,809 | $1,604,908,111 |
