Automatic Data Processing (NASDAQ:ADP) has earned an average recommendation of “Hold” from the nineteen analysts that are presently covering the stock, MarketBeat reports. Eleven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $132.00.
A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Friday, May 25th. BMO Capital Markets reissued a “hold” rating and set a $118.00 target price on shares of Automatic Data Processing in a research note on Thursday, April 19th. Royal Bank of Canada raised shares of Automatic Data Processing from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $119.00 to $130.00 in a research note on Monday, April 2nd. They noted that the move was a valuation call. Morgan Stanley boosted their target price on shares of Automatic Data Processing from $122.00 to $134.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 13th. Finally, BidaskClub raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th.
In other news, insider Michael C. Eberhard sold 7,963 shares of the company’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $135.00, for a total value of $1,075,005.00. Following the completion of the sale, the insider now directly owns 43,437 shares of the company’s stock, valued at approximately $5,863,995. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Maria Black sold 8,137 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $138.22, for a total transaction of $1,124,696.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,438 shares of company stock valued at $2,919,488. Company insiders own 0.25% of the company’s stock.
Shares of Automatic Data Processing traded down $0.97, reaching $138.60, during midday trading on Monday, according to Marketbeat. The company’s stock had a trading volume of 645,937 shares, compared to its average volume of 2,156,558. Automatic Data Processing has a fifty-two week low of $100.51 and a fifty-two week high of $141.52. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $61.48 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 2.84 and a beta of 0.89.
Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, May 2nd. The business services provider reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.08. Automatic Data Processing had a net margin of 13.60% and a return on equity of 45.69%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period in the previous year, the business posted $1.31 EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis. sell-side analysts expect that Automatic Data Processing will post 4.34 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, July 1st. Stockholders of record on Friday, June 8th will be paid a $0.69 dividend. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $0.63. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, June 7th. Automatic Data Processing’s dividend payout ratio is currently 74.59%.
About Automatic Data Processing
Automatic Data Processing, Inc provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) business process outsourcing and technology-enabled human capital management solutions.
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