News headlines about Automatic Data Processing (NASDAQ:ADP) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Automatic Data Processing earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 46.4289967320012 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s analysis:
- ADP August 3rd Options Begin Trading (nasdaq.com)
- Notable Stocks Under Consideration: Palatin Technologies, Inc., (NYSE: PTN), Automatic Data Processing, Inc … (globalexportlines.com)
- Latest Analysts Reports: Automatic Data Processing, Inc. (NASDAQ:ADP), Energy Transfer Partners, LP (NYSE:ETP … (journalfinance.net)
- Little Secrets Of Wells Fargo & Company (NYSE:WFC), Automatic Data Processing, Inc. (NASDAQ:ADP), IAMGOLD … (thestreetpoint.com)
- From Top to Bottom: Automatic Data Processing, Inc., (NASDAQ: ADP), SMART Global Holdings, Inc., (NASDAQ: SGH) (globalexportlines.com)
Shares of Automatic Data Processing opened at $139.09 on Monday, MarketBeat.com reports. The company has a market capitalization of $60.88 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 2.81 and a beta of 0.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing has a 52-week low of $100.51 and a 52-week high of $141.52.
Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, May 2nd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.67 billion. Automatic Data Processing had a return on equity of 45.69% and a net margin of 13.60%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.31 earnings per share. equities research analysts anticipate that Automatic Data Processing will post 4.34 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, July 1st. Shareholders of record on Friday, June 8th will be issued a $0.69 dividend. The ex-dividend date is Thursday, June 7th. This represents a $2.76 annualized dividend and a yield of 1.98%. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $0.63. Automatic Data Processing’s dividend payout ratio is presently 74.59%.
Several brokerages recently commented on ADP. Morgan Stanley upped their target price on Automatic Data Processing from $122.00 to $134.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 13th. Deutsche Bank upped their target price on Automatic Data Processing from $128.00 to $138.00 and gave the company a “hold” rating in a research report on Wednesday, June 13th. BMO Capital Markets upped their target price on Automatic Data Processing from $126.00 to $138.00 and gave the company a “market perform” rating in a research report on Wednesday, June 13th. Wedbush upped their target price on Automatic Data Processing from $101.25 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, June 13th. Finally, BidaskClub lowered Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 18th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Automatic Data Processing has an average rating of “Hold” and an average target price of $132.00.
In other news, insider Michael C. Eberhard sold 7,963 shares of the stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $135.00, for a total value of $1,075,005.00. Following the completion of the sale, the insider now directly owns 43,437 shares of the company’s stock, valued at $5,863,995. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Stuart Sackman sold 2,566 shares of the stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $135.00, for a total value of $346,410.00. Following the completion of the sale, the vice president now directly owns 21,740 shares of the company’s stock, valued at $2,934,900. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,438 shares of company stock worth $2,919,488. Corporate insiders own 0.25% of the company’s stock.
About Automatic Data Processing
Automatic Data Processing, Inc provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) business process outsourcing and technology-enabled human capital management solutions.
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