Media coverage about Automatic Data Processing (NASDAQ:ADP) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Automatic Data Processing earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 46.6181372068236 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s analysis:
- KEY 15: Job growth, and good news, continues (qctimes.com)
- Automatic Data Processing (ADP) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Intuit (INTU) Unveils Accountant Apps Program on QuickBooks (finance.yahoo.com)
- Stock to Watch – Automatic Data Processing Inc (NASDAQ: ADP) – Stocks Market Cap (stocksmarketcap.com)
- Ex-Dividend Reminder: ManTech International, Automatic Data Processing and Analog Devices – Nasdaq (nasdaq.com)
A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research report on Monday, February 5th. Royal Bank of Canada restated a “neutral” rating on shares of Automatic Data Processing in a research note on Thursday, February 1st. BMO Capital Markets reduced their target price on shares of Automatic Data Processing from $122.00 to $121.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Barclays upped their price target on Automatic Data Processing from $121.00 to $128.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Finally, Stifel Nicolaus upped their price target on Automatic Data Processing from $113.00 to $133.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $118.43.
Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, January 31st. The business services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.10. The business had revenue of $3.24 billion for 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%. Automatic Data Processing’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. equities research analysts expect that Automatic Data Processing will post 4.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.52 annualized dividend and a dividend yield of 2.12%. Automatic Data Processing’s dividend payout ratio is 67.02%.
In other news, VP Donald Weinstein sold 2,275 shares of Automatic Data Processing stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $116.03, for a total value of $263,968.25. Following the sale, the vice president now directly owns 27,399 shares of the company’s stock, valued at $3,179,105.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carlos A. Rodriguez sold 95,756 shares of Automatic Data Processing stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $118.09, for a total value of $11,307,826.04. Following the completion of the sale, the chief executive officer now directly owns 124,722 shares in the company, valued at $14,728,420.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,666 shares of company stock valued at $25,650,681. Corporate insiders own 0.25% of the company’s stock.
About Automatic Data Processing
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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