Investors Sell Shares of Automatic Data Processing (ADP) on Strength (ADP)

Investors sold shares of Automatic Data Processing (NASDAQ:ADP) on strength during trading on Wednesday. $43.01 million flowed into the stock on the tick-up and $94.12 million flowed out of the stock on the tick-down, for a money net flow of $51.11 million out of the stock. Of all companies tracked, Automatic Data Processing had the 27th highest net out-flow for the day. Automatic Data Processing traded up $0.73 for the day and closed at $149.62

Several equities research analysts recently issued reports on ADP shares. BMO Capital Markets lifted their price objective on shares of Automatic Data Processing from $126.00 to $138.00 and gave the company a “market perform” rating in a research note on Wednesday, June 13th. Wolfe Research started coverage on shares of Automatic Data Processing in a research note on Tuesday, July 17th. They issued an “outperform” rating for the company. Credit Suisse Group started coverage on shares of Automatic Data Processing in a research note on Friday, August 10th. They issued an “outperform” rating and a $160.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Automatic Data Processing from $122.00 to $134.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 13th. Finally, BidaskClub lowered shares of Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $141.07.

The stock has a market capitalization of $65.21 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 2.54 and a beta of 0.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.05 and a current ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, August 1st. The business services provider reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.02. The firm had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.29 billion. Automatic Data Processing had a net margin of 12.16% and a return on equity of 50.17%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. equities research analysts anticipate that Automatic Data Processing will post 5.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, September 13th. Automatic Data Processing’s dividend payout ratio is 63.45%.

In other Automatic Data Processing news, VP Michael C. Eberhard sold 9,100 shares of the business’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $150.00, for a total transaction of $1,365,000.00. Following the completion of the transaction, the vice president now owns 48,468 shares of the company’s stock, valued at approximately $7,270,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Brock Albinson sold 3,345 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $144.35, for a total transaction of $482,850.75. Following the transaction, the vice president now directly owns 6,081 shares of the company’s stock, valued at approximately $877,792.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,291 shares of company stock valued at $2,666,603. Company insiders own 0.33% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Atlantic Trust LLC acquired a new position in shares of Automatic Data Processing during the second quarter valued at about $104,000. Integrated Investment Consultants LLC acquired a new position in shares of Automatic Data Processing during the second quarter valued at about $111,000. Jolley Asset Management LLC bought a new stake in Automatic Data Processing in the second quarter valued at about $117,000. Fort L.P. bought a new stake in Automatic Data Processing in the second quarter valued at about $119,000. Finally, Kaizen Advisory LLC increased its stake in Automatic Data Processing by 149.7% in the second quarter. Kaizen Advisory LLC now owns 1,081 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 648 shares during the period. 77.57% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Company Profile (NASDAQ:ADP)

Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.

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