Automatic Data Processing (NASDAQ:ADP) has been given an average rating of “Hold” by the seventeen research firms that are covering the firm, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $121.36.
Several research analysts have recently commented on ADP shares. Citigroup reissued a “neutral” rating and set a $118.00 price objective (up previously from $110.00) on shares of Automatic Data Processing in a report on Friday, January 12th. BMO Capital Markets cut their price objective on Automatic Data Processing from $122.00 to $121.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Zacks Investment Research lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub lowered Automatic Data Processing from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Finally, Stifel Nicolaus boosted their price objective on Automatic Data Processing from $113.00 to $133.00 and gave the stock a “hold” rating in a report on Thursday, February 1st.
In related news, CEO Carlos A. Rodriguez sold 69,899 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $112.29, for a total value of $7,848,958.71. Following the completion of the sale, the chief executive officer now owns 161,085 shares in the company, valued at approximately $18,088,234.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Donald Weinstein sold 2,275 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $116.03, for a total value of $263,968.25. Following the completion of the sale, the vice president now owns 27,399 shares of the company’s stock, valued at approximately $3,179,105.97. The disclosure for this sale can be found here. Insiders sold a total of 219,666 shares of company stock valued at $25,650,681 in the last 90 days. 0.25% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Legacy Advisors LLC bought a new stake in Automatic Data Processing in the fourth quarter valued at approximately $103,000. Truewealth LLC bought a new stake in Automatic Data Processing in the fourth quarter valued at approximately $104,000. Calton & Associates Inc. bought a new stake in Automatic Data Processing in the fourth quarter valued at approximately $118,000. Acrospire Investment Management LLC bought a new stake in Automatic Data Processing in the second quarter valued at approximately $102,000. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in Automatic Data Processing in the fourth quarter valued at approximately $117,000. Institutional investors own 78.55% of the company’s stock.
Automatic Data Processing (NASDAQ:ADP) traded up $0.67 during mid-day trading on Tuesday, reaching $116.18. The company’s stock had a trading volume of 1,392,852 shares, compared to its average volume of 2,204,226. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The stock has a market cap of $51,499.11, a price-to-earnings ratio of 30.18, a PEG ratio of 2.53 and a beta of 0.86. Automatic Data Processing has a 1-year low of $95.50 and a 1-year high of $125.24.
Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, January 31st. The business services provider reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.10. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.87 EPS. sell-side analysts expect that Automatic Data Processing will post 4.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be given a $0.63 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.52 dividend on an annualized basis and a yield of 2.17%. Automatic Data Processing’s payout ratio is 65.45%.
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Automatic Data Processing Company Profile
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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