Shares of Automatic Data Processing (NASDAQ:ADP) have been given a consensus recommendation of “Buy” by the eighteen brokerages that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $152.29.
Separately, Zacks Investment Research upgraded Automatic Data Processing from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th.
In related news, VP Stuart Sackman sold 1,478 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $155.13, for a total transaction of $229,282.14. Following the completion of the transaction, the vice president now directly owns 24,122 shares in the company, valued at $3,742,045.86. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John P. Jones III sold 5,688 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $129.45, for a total value of $736,311.60. Following the transaction, the director now owns 57,430 shares of the company’s stock, valued at $7,434,313.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,589 shares of company stock valued at $17,276,746. 0.33% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of ADP. HC Financial Advisors Inc. lifted its stake in Automatic Data Processing by 56.7% during the third quarter. HC Financial Advisors Inc. now owns 19,655 shares of the business services provider’s stock worth $2,961,000 after purchasing an additional 7,115 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Automatic Data Processing by 213.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,639,847 shares of the business services provider’s stock valued at $1,301,682,000 after acquiring an additional 5,880,242 shares during the last quarter. FormulaFolio Investments LLC lifted its stake in shares of Automatic Data Processing by 101.9% in the 3rd quarter. FormulaFolio Investments LLC now owns 3,180 shares of the business services provider’s stock valued at $479,000 after acquiring an additional 1,605 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Automatic Data Processing by 4.5% in the 3rd quarter. Janus Henderson Group PLC now owns 1,721,247 shares of the business services provider’s stock valued at $259,324,000 after acquiring an additional 74,839 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Automatic Data Processing by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,605,668 shares of the business services provider’s stock valued at $1,447,190,000 after acquiring an additional 121,162 shares during the last quarter. Institutional investors and hedge funds own 80.79% of the company’s stock.
Shares of ADP traded down $1.53 during mid-day trading on Thursday, hitting $153.81. The stock had a trading volume of 1,635,816 shares, compared to its average volume of 2,150,857. The firm has a market cap of $67.00 billion, a PE ratio of 35.36, a PEG ratio of 2.20 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05. Automatic Data Processing has a 52 week low of $109.14 and a 52 week high of $156.04.
Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, January 30th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.16. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.43 billion. Automatic Data Processing had a return on equity of 51.92% and a net margin of 13.12%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. Sell-side analysts anticipate that Automatic Data Processing will post 5.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 8th will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, March 7th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 72.64%.
Automatic Data Processing Company Profile
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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