Automatic Data Processing (NASDAQ:ADP) VP Sells $223,440.00 in Stock

Automatic Data Processing, Inc. (NASDAQ:ADP) VP David Kwon sold 798 shares of Automatic Data Processing stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $280.00, for a total transaction of $223,440.00. Following the transaction, the vice president directly owned 13,193 shares in the company, valued at approximately $3,694,040. This represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Kwon also recently made the following trade(s):

• On Thursday, July 30th, David Kwon sold 2,414 shares of Automatic Data Processing stock. The shares were sold at an average price of $265.62, for a total transaction of $641,206.68.

Automatic Data Processing Trading Up 0.8%

Automatic Data Processing stock traded up $2.20 during mid-day trading on Monday, hitting $283.01. 2,448,312 shares of the company’s stock were exchanged, compared to its average volume of 3,067,762. The firm has a market capitalization of $112.43 billion, a P/E ratio of 25.87 and a beta of 0.81. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $307.80. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.82. The company’s 50 day simple moving average is $249.66 and its 200-day simple moving average is $226.17.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.05. Automatic Data Processing had a return on equity of 71.34% and a net margin of 20.11%.The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period in the previous year, the company posted $2.26 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. On average, equities analysts anticipate that Automatic Data Processing, Inc. will post 12.26 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a $1.70 dividend. The ex-dividend date is Friday, September 11th. This represents a $6.80 annualized dividend and a dividend yield of 2.4%. Automatic Data Processing’s payout ratio is currently 62.16%.

Wall Street Analyst Weigh In

Several analysts have commented on ADP shares. Mizuho dropped their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Stifel Nicolaus increased their price objective on shares of Automatic Data Processing from $260.00 to $285.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. UBS Group raised their price objective on shares of Automatic Data Processing from $260.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Wells Fargo & Company boosted their price objective on shares of Automatic Data Processing from $248.00 to $283.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Finally, Cantor Fitzgerald upped their target price on shares of Automatic Data Processing from $295.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $273.50.

Institutional Trading of Automatic Data Processing

Institutional investors have recently made changes to their positions in the business. Imprint Wealth LLC bought a new position in Automatic Data Processing in the third quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Automatic Data Processing during the 4th quarter worth about $26,000. Bard Associates Inc. acquired a new position in shares of Automatic Data Processing during the 4th quarter worth about $28,000. Whipplewood Advisors LLC grew its holdings in shares of Automatic Data Processing by 2,740.0% in the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 137 shares in the last quarter. Finally, Prosperity Bancshares Inc bought a new position in shares of Automatic Data Processing in the 4th quarter valued at about $33,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.