Favorable Press Coverage Somewhat Likely to Impact Automatic Data Processing (ADP) Share Price

News coverage about Automatic Data Processing (NYSE:ADP) has been trending positive on Saturday, according to Alpha One. The research group, a service of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Automatic Data Processing earned a coverage optimism score of 0.33 on Alpha One’s scale. Alpha One also assigned media stories about the business services provider an impact score of 58 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the next few days.

Here are some of the news articles that may have effected AlphaOne Sentiment Analysis’s rankings:

Insider Buying and Selling by Quarter for Automatic Data Processing (NYSE:ADP)

Shares of Automatic Data Processing (ADP) traded up 1.29% during midday trading on Friday, hitting $103.49. 3,572,702 shares of the stock were exchanged. The firm’s 50-day moving average is $100.22 and its 200-day moving average is $101.20. Automatic Data Processing has a 12 month low of $85.23 and a 12 month high of $105.68. The stock has a market cap of $46.30 billion and a price-to-earnings ratio of 26.78.

Automatic Data Processing (NYSE:ADP) last announced its quarterly earnings data on Wednesday, May 3rd. The business services provider reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.08. The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.42 billion. Automatic Data Processing had a net margin of 17.24% and a return on equity of 59.56%. Automatic Data Processing’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS. Equities research analysts predict that Automatic Data Processing will post $3.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 1st. Shareholders of record on Friday, June 9th will be given a dividend of $0.57 per share. The ex-dividend date is Wednesday, June 7th. This represents a $2.28 dividend on an annualized basis and a yield of 2.20%.

Several research firms have recently issued reports on ADP. Barclays PLC lowered their target price on shares of Automatic Data Processing from $115.00 to $113.00 and set an “overweight” rating for the company in a report on Tuesday, April 25th. BMO Capital Markets reiterated a “hold” rating and set a $98.00 target price on shares of Automatic Data Processing in a report on Wednesday, April 5th. Argus lowered their target price on shares of Automatic Data Processing from $118.00 to $101.50 and set a “buy” rating for the company in a report on Wednesday, May 31st. Finally, Evercore ISI reiterated an “underperform” rating and set a $85.00 target price on shares of Automatic Data Processing in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Automatic Data Processing presently has a consensus rating of “Hold” and a consensus price target of $100.13.

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In other Automatic Data Processing news, CEO Carlos A. Rodriguez sold 49,392 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $100.01, for a total transaction of $4,939,693.92. Following the completion of the transaction, the chief executive officer now owns 159,403 shares in the company, valued at approximately $15,941,894.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

About Automatic Data Processing

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

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