Automatic Data Processing (NASDAQ:ADP) CEO Carlos A. Rodriguez sold 62,228 shares of Automatic Data Processing stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $145.59, for a total value of $9,059,774.52. Following the transaction, the chief executive officer now directly owns 137,177 shares in the company, valued at approximately $19,971,599.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of ADP traded down $3.88 during mid-day trading on Monday, hitting $142.67. The stock had a trading volume of 61,865 shares, compared to its average volume of 2,475,659. The firm has a market cap of $64.15 billion, a PE ratio of 32.74, a PEG ratio of 2.23 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.03 and a quick ratio of 1.03. Automatic Data Processing has a 52 week low of $107.61 and a 52 week high of $153.51.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, October 31st. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.09. The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.28 billion. Automatic Data Processing had a return on equity of 50.96% and a net margin of 12.71%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. Sell-side analysts anticipate that Automatic Data Processing will post 5.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Shareholders of record on Friday, December 14th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $0.69. This represents a $3.16 annualized dividend and a dividend yield of 2.21%. Automatic Data Processing’s payout ratio is presently 63.45%.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Automatic Data Processing by 1.4% in the second quarter. BlackRock Inc. now owns 29,370,904 shares of the business services provider’s stock valued at $3,939,812,000 after purchasing an additional 410,257 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Automatic Data Processing by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 9,605,668 shares of the business services provider’s stock valued at $1,447,190,000 after purchasing an additional 121,162 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Automatic Data Processing by 213.1% in the third quarter. JPMorgan Chase & Co. now owns 8,639,847 shares of the business services provider’s stock valued at $1,301,682,000 after purchasing an additional 5,880,242 shares in the last quarter. Morgan Stanley grew its position in Automatic Data Processing by 11.7% during the second quarter. Morgan Stanley now owns 7,671,784 shares of the business services provider’s stock worth $1,029,094,000 after buying an additional 801,928 shares in the last quarter. Finally, Polen Capital Management LLC grew its position in Automatic Data Processing by 1.2% during the second quarter. Polen Capital Management LLC now owns 7,146,946 shares of the business services provider’s stock worth $958,691,000 after buying an additional 84,493 shares in the last quarter. Hedge funds and other institutional investors own 79.88% of the company’s stock.

A number of brokerages recently commented on ADP. BidaskClub lowered Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 1st. Credit Suisse Group began coverage on Automatic Data Processing in a report on Friday, August 10th. They set an “outperform” rating and a $160.00 price target on the stock. Argus lifted their price target on Automatic Data Processing from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, August 13th. Zacks Investment Research lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Finally, Guggenheim began coverage on Automatic Data Processing in a report on Monday, August 20th. They set a “buy” rating and a $175.00 price target on the stock. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $151.19.

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

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