Automatic Data Processing (ADP) Getting Somewhat Favorable News Coverage, Analysis Finds
Media coverage about Automatic Data Processing (NASDAQ:ADP) has been trending somewhat positive on Thursday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Automatic Data Processing earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 46.7096314666053 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Automatic Data Processing, Inc. (ADP) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Notable Thursday Option Activity: MA, ABBV, ADP (marketnewsvideo.com)
- An Eager Look on Aggressive Stocks: Automatic Data Processing, Inc. (NASDAQ:ADP), VeriSign, Inc. (NASDAQ:VRSN) – Investing News Update (investingbizz.com)
- Technical Indicators under Consideration – Automatic Data Processing, Inc., (NASDAQ: ADP) – Stock Watch (stocksnewstimes.com)
- MEDIA ALERT: November 2017 ADP National Employment Report(R), ADP Small Business Report(R) and ADP National Franchise Report(R) to be Released on WEDNESDAY, December 6, 2017 (finance.yahoo.com)
Several analysts recently commented on ADP shares. BidaskClub lowered Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Deutsche Bank reaffirmed a “hold” rating and set a $102.00 target price on shares of Automatic Data Processing in a report on Monday, August 21st. Morgan Stanley reaffirmed an “equal weight” rating on shares of Automatic Data Processing in a report on Wednesday, November 15th. Evercore ISI reaffirmed an “in-line” rating and set a $115.00 target price on shares of Automatic Data Processing in a report on Sunday, August 20th. Finally, Bank of America raised their target price on Automatic Data Processing from $111.00 to $114.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $112.37.
Shares of Automatic Data Processing (NASDAQ ADP) traded up $1.13 during mid-day trading on Thursday, reaching $114.46. The company’s stock had a trading volume of 7,298,160 shares, compared to its average volume of 2,891,866. The stock has a market capitalization of $49,324.92, a P/E ratio of 29.74, a P/E/G ratio of 2.85 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.51. Automatic Data Processing has a 52 week low of $94.11 and a 52 week high of $121.77.
Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.06 billion. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. Automatic Data Processing’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 earnings per share. equities research analysts anticipate that Automatic Data Processing will post 3.91 EPS for the current year.
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 given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.52 dividend on an annualized basis and a yield of 2.20%. This is an increase from Automatic Data Processing’s previous quarterly dividend of $0.57. Automatic Data Processing’s dividend payout ratio is currently 58.02%.
In other news, VP Maria Black sold 631 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 10,550 shares in the company, valued at $1,125,052. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brock Albinson sold 3,663 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 6,287 shares in the company, valued at approximately $669,816.98. The disclosure for this sale can be found here. Corporate 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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