Media coverage about Automatic Data Processing (NASDAQ:ADP) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Automatic Data Processing earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 46.5495445604847 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
Several research firms have commented on ADP. Stifel Nicolaus increased their target price on Automatic Data Processing from $113.00 to $133.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. Barclays raised their price objective on Automatic Data Processing from $121.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Zacks Investment Research upgraded Automatic Data Processing from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Tuesday, January 23rd. BidaskClub upgraded Automatic Data Processing from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada restated a “neutral” rating on shares of Automatic Data Processing in a research report on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $120.29.
NASDAQ ADP traded down $3.81 during trading hours on Friday, hitting $113.70. 2,295,297 shares of the company’s stock were exchanged, compared to its average volume of 3,193,471. Automatic Data Processing has a 1-year low of $95.50 and a 1-year high of $125.24. The stock has a market capitalization of $52,088.62, a P/E ratio of 30.73, a P/E/G ratio of 2.58 and a beta of 0.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06.
Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, January 31st. The business services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.89 by $0.10. Automatic Data Processing had a return on equity of 43.28% and a net margin of 13.47%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the firm posted $0.87 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. equities analysts expect that Automatic Data Processing will post 4.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Friday, March 9th were paid a dividend of $0.63 per share. The ex-dividend date was Thursday, March 8th. This represents a $2.52 annualized dividend and a yield of 2.22%. Automatic Data Processing’s dividend payout ratio is currently 68.11%.
In other Automatic Data Processing news, CEO Carlos A. Rodriguez sold 69,899 shares of the firm’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 of the company’s stock, valued at $18,088,234.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward B. Flynn III sold 7,886 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $117.74, for a total value of $928,497.64. Following the completion of the sale, the insider now directly owns 40,522 shares of the company’s stock, valued at approximately $4,771,060.28. The disclosure for this sale can be found here. Insiders have sold 112,047 shares of company stock valued at $12,966,391 in the last ninety days. 0.25% of the stock is currently owned by insiders.
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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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