News headlines about Automatic Data Processing (NASDAQ:ADP) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Automatic Data Processing earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.9898751567137 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
- Creating a culture of change (betanews.com)
- VantagePoint: ADP’s Uptrend Has Legs (msn.com)
- ADP Teams with ZipRecruiter to Help Small Businesses Make Smarter Hiring Decisions (finance.yahoo.com)
- Intuit (INTU) to Report Q2 Earnings: What’s in the Cards? (zacks.com)
- More than 60 Percent of Employee Turnover is Voluntary, Surprising Employers Who Could Have Predicted it (finance.yahoo.com)
A number of brokerages recently weighed in on ADP. Barclays upped their target price on shares of Automatic Data Processing from $121.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Stifel Nicolaus upped their target price on shares of Automatic Data Processing from $113.00 to $133.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Zacks Investment Research upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research report on Tuesday, January 23rd. BidaskClub upgraded shares of Automatic Data Processing from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada reiterated a “neutral” rating on shares of Automatic Data Processing in a research report on Thursday, February 1st. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $118.43.
Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, January 31st. The business services provider reported $0.99 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter last year, the business earned $0.87 earnings per share. Automatic Data Processing’s quarterly revenue was up 8.3% compared to the same quarter last year. research analysts anticipate that Automatic Data Processing will post 4.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders 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 yield of 2.14%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 67.02%.
In other news, VP Stuart Sackman sold 238 shares of the stock in a transaction 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 sale, the vice president now owns 18,676 shares of the company’s stock, valued at $2,271,935.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Donald Weinstein sold 2,275 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $116.03, for a total transaction of $263,968.25. Following the completion of the sale, the vice president now directly owns 27,399 shares in the company, valued at approximately $3,179,105.97. The disclosure for this sale can be found here. In the last three months, insiders sold 219,666 shares of company stock worth $25,650,681. Insiders own 0.25% of the company’s stock.
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Automatic Data Processing Company Profile
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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