Automatic Data Processing (NASDAQ:ADP) VP Brock Albinson sold 3,345 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $144.35, for a total value of $482,850.75. Following the completion of the transaction, the vice president now directly owns 6,081 shares in the company, valued at $877,792.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

ADP opened at $146.73 on Friday. The company has a market cap of $64.52 billion, a PE ratio of 33.73, a PEG ratio of 2.51 and a beta of 0.91. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.58. Automatic Data Processing has a 1 year low of $106.25 and a 1 year high of $147.73.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, August 1st. The business services provider reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.02. The business had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.29 billion. Automatic Data Processing had a return on equity of 50.17% and a net margin of 12.16%. Automatic Data Processing’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. research analysts predict that Automatic Data Processing will post 5.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, September 13th. Automatic Data Processing’s dividend payout ratio is 63.45%.

A number of analysts have recently issued reports on ADP shares. Stifel Nicolaus boosted their price objective on Automatic Data Processing from $126.00 to $148.00 and gave the company a “hold” rating in a research report on Wednesday, June 6th. Zacks Investment Research upgraded Automatic Data Processing from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a research report on Monday, May 28th. Argus boosted their price objective on Automatic Data Processing from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, June 4th. Credit Suisse Group started coverage on Automatic Data Processing in a research report on Friday, August 10th. They set an “outperform” rating and a $160.00 price objective on the stock. Finally, Wolfe Research started coverage on Automatic Data Processing in a research report on Tuesday, July 17th. They set an “outperform” rating on the stock. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Automatic Data Processing currently has a consensus rating of “Buy” and a consensus target price of $141.07.

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its stake in Automatic Data Processing by 8.1% in the 2nd quarter. FMR LLC now owns 756,868 shares of the business services provider’s stock valued at $101,526,000 after buying an additional 56,414 shares in the last quarter. HRT Financial LLC acquired a new stake in Automatic Data Processing in the 2nd quarter valued at $827,000. WealthTrust Fairport LLC boosted its stake in Automatic Data Processing by 8.2% in the 2nd quarter. WealthTrust Fairport LLC now owns 52,267 shares of the business services provider’s stock valued at $7,011,000 after buying an additional 3,953 shares in the last quarter. HM Payson & Co. boosted its stake in Automatic Data Processing by 2.1% in the 2nd quarter. HM Payson & Co. now owns 51,215 shares of the business services provider’s stock valued at $6,870,000 after buying an additional 1,037 shares in the last quarter. Finally, Fundsmith Equity Fund L.P. acquired a new stake in Automatic Data Processing in the 2nd quarter valued at $776,199,000. 79.01% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.

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