Automatic Data Processing (NASDAQ:ADP) VP Maria Black sold 1,786 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $119.72, for a total value of $213,819.92. Following the completion of the sale, the vice president now owns 11,858 shares in the company, valued at $1,419,639.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Automatic Data Processing (NASDAQ ADP) traded down $1.15 during mid-day trading on Thursday, reaching $120.90. The company’s stock had a trading volume of 1,359,336 shares, compared to its average volume of 1,838,083. Automatic Data Processing has a fifty-two week low of $94.11 and a fifty-two week high of $122.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $53,620.00, a P/E ratio of 30.69, a PEG ratio of 2.95 and a beta of 0.85.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. equities research analysts expect that Automatic Data Processing will post 3.91 earnings per share for the current fiscal year.

The business 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 dividend on an annualized basis and a yield of 2.08%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.96%.

A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub downgraded Automatic Data Processing from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Citigroup reiterated a “neutral” rating and issued a $118.00 target price (up from $110.00) on shares of Automatic Data Processing in a research report on Friday, January 12th. Sanford C. Bernstein boosted their target price on Automatic Data Processing from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Finally, Barclays boosted their target price on Automatic Data Processing from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. Automatic Data Processing presently has a consensus rating of “Hold” and a consensus price target of $115.21.

A number of hedge funds have recently modified their holdings of ADP. Vanguard Group Inc. grew its stake in shares of Automatic Data Processing by 2.4% during the second quarter. Vanguard Group Inc. now owns 34,999,981 shares of the business services provider’s stock valued at $3,586,099,000 after buying an additional 811,960 shares during the last quarter. BlackRock Inc. grew its stake in shares of Automatic Data Processing by 0.8% during the second quarter. BlackRock Inc. now owns 29,869,208 shares of the business services provider’s stock valued at $3,060,398,000 after buying an additional 237,439 shares during the last quarter. Pershing Square Capital Management L.P. grew its stake in shares of Automatic Data Processing by 402.5% during the third quarter. Pershing Square Capital Management L.P. now owns 8,798,442 shares of the business services provider’s stock valued at $961,846,000 after buying an additional 7,047,575 shares during the last quarter. Polen Capital Management LLC grew its stake in shares of Automatic Data Processing by 2.3% during the third quarter. Polen Capital Management LLC now owns 6,813,929 shares of the business services provider’s stock valued at $744,899,000 after buying an additional 152,027 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Automatic Data Processing by 2.9% during the second quarter. Wells Fargo & Company MN now owns 6,794,660 shares of the business services provider’s stock valued at $696,182,000 after buying an additional 190,717 shares during the last quarter. Institutional investors and hedge funds own 78.68% 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.

Insider Buying and Selling by Quarter for Automatic Data Processing (NASDAQ:ADP)

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