BidaskClub lowered shares of Automatic Data Processing (NYSE:ADP) from a buy rating to a hold rating in a research note published on Wednesday.

ADP has been the subject of several other reports. Deutsche Bank AG restated a hold rating and set a $102.00 price target on shares of Automatic Data Processing in a research report on Monday, August 21st. Evercore ISI restated an in-line rating and set a $115.00 price target on shares of Automatic Data Processing in a research report on Sunday, August 20th. Bank of America Corporation raised their price target on Automatic Data Processing from $111.00 to $114.00 and gave the stock a neutral rating in a research report on Friday, October 13th. Royal Bank Of Canada lowered their price target on Automatic Data Processing from $100.00 to $95.00 and set a sector perform rating for the company in a research report on Monday, November 6th. Finally, Robert W. Baird restated a neutral rating and set a $95.00 price target on shares of Automatic Data Processing in a research report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $111.43.

Automatic Data Processing (NYSE ADP) opened at $111.09 on Wednesday. Automatic Data Processing has a 52-week low of $90.45 and a 52-week high of $121.77.

Automatic Data Processing (NYSE:ADP) last released its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.85 by $0.06. Automatic Data Processing had a return on equity of 40.61% and a net margin of 13.04%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the business posted $0.86 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 8th will be paid a $0.63 dividend. The ex-dividend date is Thursday, December 7th. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a yield of 2.27%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 57.87%.

In other Automatic Data Processing news, VP Maria Black sold 631 shares of the firm’s stock in a transaction on Saturday, September 2nd. The stock was sold at an average price of $106.64, for a total value of $67,289.84. Following the sale, the vice president now directly owns 10,550 shares in the company, valued at $1,125,052. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Brock Albinson sold 3,663 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $106.54, for a total value of $390,256.02. Following the completion of the sale, the vice president now owns 6,287 shares in the company, valued at $669,816.98. The disclosure for this sale can be found here.

A number of institutional investors have recently bought and sold shares of ADP. Mutual of America Capital Management LLC raised its stake in Automatic Data Processing by 2.7% in the first quarter. Mutual of America Capital Management LLC now owns 54,242 shares of the business services provider’s stock valued at $5,554,000 after buying an additional 1,434 shares in the last quarter. Intellectus Partners LLC increased its position in shares of Automatic Data Processing by 1.6% during the first quarter. Intellectus Partners LLC now owns 7,137 shares of the business services provider’s stock worth $735,000 after purchasing an additional 110 shares in the last quarter. Segment Wealth Management LLC increased its position in shares of Automatic Data Processing by 2.4% during the first quarter. Segment Wealth Management LLC now owns 28,700 shares of the business services provider’s stock worth $2,939,000 after purchasing an additional 672 shares in the last quarter. Buckingham Asset Management LLC increased its position in shares of Automatic Data Processing by 2.0% during the first quarter. Buckingham Asset Management LLC now owns 3,844 shares of the business services provider’s stock worth $394,000 after purchasing an additional 77 shares in the last quarter. Finally, Ffcm LLC increased its position in shares of Automatic Data Processing by 8.5% during the first quarter. Ffcm LLC now owns 27,953 shares of the business services provider’s stock worth $2,862,000 after purchasing an additional 2,198 shares in the last quarter.

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.

Analyst Recommendations for Automatic Data Processing (NYSE:ADP)

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