Automatic Data Processing, Inc. (NASDAQ:ADP) announced a quarterly dividend on Wednesday, April 7th, RTT News reports. Shareholders of record on Friday, June 11th will be given a dividend of 0.93 per share by the business services provider on Thursday, July 1st. This represents a $3.72 annualized dividend and a yield of 2.00%.
Automatic Data Processing has increased its dividend by 56.4% over the last three years and has increased its dividend every year for the last 47 years.
ADP stock opened at $185.81 on Thursday. The stock has a market capitalization of $79.52 billion, a P/E ratio of 32.26, a PEG ratio of 2.39 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.08. Automatic Data Processing has a one year low of $127.31 and a one year high of $193.76. The company has a 50 day moving average price of $181.40 and a two-hundred day moving average price of $167.52.
Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Tuesday, January 26th. The business services provider reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.23. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Automatic Data Processing had a net margin of 17.07% and a return on equity of 46.13%. Automatic Data Processing’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 EPS. Research analysts forecast that Automatic Data Processing will post 5.63 earnings per share for the current fiscal year.
In other news, VP Deborah L. Dyson sold 600 shares of the business’s stock in a transaction dated Monday, January 11th. The shares were sold at an average price of $170.93, for a total value of $102,558.00. Following the completion of the sale, the vice president now owns 24,786 shares of the company’s stock, valued at approximately $4,236,670.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stuart Sackman sold 576 shares of the business’s stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $185.00, for a total transaction of $106,560.00. Following the completion of the sale, the vice president now directly owns 23,221 shares of the company’s stock, valued at approximately $4,295,885. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.
A number of brokerages have weighed in on ADP. Citigroup upgraded shares of Automatic Data Processing from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $190.00 in a report on Friday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Automatic Data Processing from $150.00 to $173.00 and gave the company a “hold” rating in a report on Thursday, January 28th. Morgan Stanley lifted their price target on shares of Automatic Data Processing from $159.00 to $171.00 and gave the company an “equal weight” rating in a report on Thursday, January 28th. Mizuho began coverage on shares of Automatic Data Processing in a report on Wednesday, February 10th. They issued a “buy” rating and a $210.00 price target on the stock. Finally, Barclays lifted their price target on shares of Automatic Data Processing from $180.00 to $197.00 and gave the company an “overweight” rating in a report on Monday, February 1st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Automatic Data Processing has a consensus rating of “Hold” and a consensus target price of $168.53.
About Automatic Data Processing
Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.
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