Shares of Automatic Data Processing (NASDAQ:ADP) have earned an average rating of “Hold” from the seventeen analysts that are currently covering the company, Marketbeat reports. Eleven investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $121.36.
A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub upgraded Automatic Data Processing from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Sanford C. Bernstein raised their price objective on Automatic Data Processing from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Bank of America upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, Goldman Sachs Group upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $116.02 to $135.00 in a report on Monday, December 11th.
In other news, VP Stuart Sackman sold 238 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $121.65, for a total value of $28,952.70. Following the completion of the sale, the vice president now owns 18,676 shares in the company, valued at $2,271,935.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Donald Weinstein sold 3,242 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $125.00, for a total value of $405,250.00. Following the completion of the sale, the vice president now owns 28,366 shares of the company’s stock, valued at approximately $3,545,750. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,767 shares of company stock valued at $17,801,722. Insiders own 0.25% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new stake in Automatic Data Processing during the 2nd quarter valued at approximately $102,000. Legacy Advisors LLC acquired a new stake in Automatic Data Processing during the 4th quarter valued at approximately $103,000. Wealthcare Advisory Partners LLC acquired a new stake in Automatic Data Processing during the 3rd quarter valued at approximately $114,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Automatic Data Processing during the 4th quarter valued at approximately $117,000. Finally, Calton & Associates Inc. acquired a new stake in Automatic Data Processing during the 4th quarter valued at approximately $118,000. Institutional investors and hedge funds own 78.55% of the company’s stock.
Automatic Data Processing (NASDAQ:ADP) traded up $0.22 during trading on Tuesday, hitting $111.65. The stock had a trading volume of 2,040,600 shares, compared to its average volume of 2,075,239. The stock has a market cap of $49,420.00, a P/E ratio of 28.92, a price-to-earnings-growth ratio of 2.43 and a beta of 0.86. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. Automatic Data Processing has a 52 week low of $95.50 and a 52 week high of $125.24.
Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, January 31st. The business services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. Automatic Data Processing had a return on equity of 43.28% and a net margin of 13.47%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $0.87 EPS. analysts expect that Automatic Data Processing will post 4.17 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.26%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 65.28%.
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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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