Automatic Data Processing (ADP) Getting Somewhat Positive Media Coverage, Analysis Shows

News stories about Automatic Data Processing (NASDAQ:ADP) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Automatic Data Processing earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.7941221967298 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

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ADP has been the subject of a number of recent analyst reports. Bank of America upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Goldman Sachs upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating and upped their price objective for the company from $116.02 to $135.00 in a report on Monday, December 11th. Royal Bank of Canada reiterated a “neutral” rating on shares of Automatic Data Processing in a report on Thursday, February 1st. Zacks Investment Research upgraded Automatic Data Processing from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a report on Monday, February 5th. Finally, BidaskClub raised Automatic Data Processing from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Automatic Data Processing has an average rating of “Hold” and an average target price of $118.43.

NASDAQ:ADP opened at $113.48 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $49,539.82, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 2.45 and a beta of 0.90. Automatic Data Processing has a 1 year low of $95.50 and a 1 year high of $125.24.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, January 31st. The business services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.10. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. equities research analysts anticipate that Automatic Data Processing will post 4.14 earnings per share for the current 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 given 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 2.22%. Automatic Data Processing’s dividend payout ratio is currently 65.45%.

In other news, VP Donald Weinstein sold 2,275 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $116.03, for a total transaction of $263,968.25. Following the completion of the transaction, the vice president now directly owns 27,399 shares of the company’s stock, valued at $3,179,105.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stuart Sackman sold 238 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $121.65, for a total value of $28,952.70. Following the transaction, the vice president now directly owns 18,676 shares of the company’s stock, valued at $2,271,935.40. The disclosure for this sale can be found here. Insiders have sold 219,666 shares of company stock valued at $25,650,681 over the last ninety days. 0.25% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Automatic Data Processing (NASDAQ:ADP)

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