News headlines about Automatic Data Processing (NASDAQ:ADP) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing 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 46.6181372068236 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- BidaskClub Downgrades Automatic Data Processing (ADP) to Buy (americanbankingnews.com)
- Automatic Data Processing a Top Socially Responsible Dividend Stock With 2.2% Yield (ADP) (nasdaq.com)
- Automatic Data Processing (ADP) Upgraded at Royal Bank of Canada (americanbankingnews.com)
- Automatic Data Processing (ADP) Rating Lowered to Hold at BidaskClub (americanbankingnews.com)
- Zacks Investment Research Lowers Automatic Data Processing (ADP) to Hold (americanbankingnews.com)
ADP has been the topic of several recent research reports. Bank of America raised shares of Automatic Data Processing from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 5th. Goldman Sachs raised shares of Automatic Data Processing from a “neutral” rating to a “buy” rating and increased their price objective for the company from $116.02 to $135.00 in a research report on Monday, December 11th. Royal Bank of Canada reaffirmed a “neutral” rating on shares of Automatic Data Processing in a research report on Thursday, February 1st. 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. Finally, BidaskClub upgraded shares of Automatic Data Processing from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $120.93.
Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, January 31st. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.10. Automatic Data Processing had a net margin of 13.47% and a return on equity of 43.28%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the company earned $0.87 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. research analysts predict that Automatic Data Processing will post 4.14 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Shareholders of record on Friday, March 9th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $2.52 dividend on an annualized basis and a yield of 2.22%. Automatic Data Processing’s dividend payout ratio (DPR) is 68.11%.
In related news, VP Maria Black sold 1,786 shares of Automatic Data Processing stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $119.72, for a total value of $213,819.92. Following the completion of the sale, the vice president now owns 11,858 shares in the company, valued at $1,419,639.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Carlos A. Rodriguez sold 95,756 shares of Automatic Data Processing stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $118.09, for a total transaction of $11,307,826.04. Following the completion of the sale, the chief executive officer now owns 124,722 shares of the company’s stock, valued at approximately $14,728,420.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 207,803 shares of company stock worth $24,274,217. 0.25% of the stock is currently owned by corporate 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.
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