Press coverage about Automatic Data Processing (NASDAQ:ADP) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Automatic Data Processing earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.8648041797978 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Ackman’s Pershing Square trims ADP stake as bet grew in value: filing (feeds.reuters.com)
- Ackman’s Pershing Square trims ADP stake as bet grew in value -filing – Reuters (reuters.com)
- Quadrant 4 Systems 401(K) Termination Sought – Bankrupt Company News (press release) (blog) (bankruptcompanynews.com)
- KEY 15: Job growth, and good news, continues (qctimes.com)
Automatic Data Processing (NASDAQ:ADP) opened at $117.39 on Wednesday. The firm has a market cap of $52,097.48, a price-to-earnings ratio of 30.49, a P/E/G ratio of 2.58 and a beta of 0.90. Automatic Data Processing has a fifty-two week low of $95.50 and a fifty-two week high of $125.24. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51.
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Investors 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 dividend on an annualized basis and a yield of 2.15%. Automatic Data Processing’s payout ratio is 65.45%.
Several analysts have commented on the stock. Citigroup restated a “neutral” rating and set a $118.00 target price (up from $110.00) on shares of Automatic Data Processing in a report on Friday, January 12th. BMO Capital Markets dropped 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 report on Thursday, February 1st. BidaskClub downgraded shares of Automatic Data Processing from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Zacks Investment Research downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Stifel Nicolaus raised their target price on shares of Automatic Data Processing from $113.00 to $133.00 and gave the stock a “hold” rating in a report on Thursday, February 1st. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Automatic Data Processing presently has an average rating of “Hold” and a consensus target price of $118.43.
In other Automatic Data Processing news, CEO Carlos A. Rodriguez sold 69,899 shares of Automatic Data Processing stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $112.29, for a total transaction of $7,848,958.71. Following the completion of the transaction, the chief executive officer now directly owns 161,085 shares of the company’s stock, valued at $18,088,234.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Donald Weinstein sold 2,275 shares of Automatic Data Processing stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $116.03, for a total transaction of $263,968.25. Following the transaction, the vice president now directly owns 27,399 shares of the company’s stock, valued at $3,179,105.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,666 shares of company stock worth $25,650,681. 0.25% of the stock is owned by corporate insiders.
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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