Automatic Data Processing, Inc. (NASDAQ:ADP - Get Free Report) VP Christopher D'ambrosio sold 473 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $306.20, for a total value of $144,832.60. Following the transaction, the vice president now owns 7,244 shares in the company, valued at $2,218,112.80. This trade represents a 6.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Automatic Data Processing Trading Up 0.6 %
Shares of ADP opened at $294.18 on Thursday. The business's 50-day moving average price is $302.30 and its 200 day moving average price is $294.33. The stock has a market capitalization of $119.87 billion, a P/E ratio of 30.68, a P/E/G ratio of 3.62 and a beta of 0.76. Automatic Data Processing, Inc. has a 1-year low of $231.27 and a 1-year high of $322.84. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59.
Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.30 by $0.05. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. Analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.
Automatic Data Processing Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $1.54 per share. The ex-dividend date is Friday, March 14th. This represents a $6.16 dividend on an annualized basis and a yield of 2.09%. Automatic Data Processing's payout ratio is presently 64.23%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Barclays raised their target price on Automatic Data Processing from $325.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Royal Bank of Canada reissued a "sector perform" rating and set a $315.00 price target on shares of Automatic Data Processing in a report on Thursday, January 30th. Jefferies Financial Group raised their price target on Automatic Data Processing from $290.00 to $305.00 and gave the company a "hold" rating in a report on Thursday, January 30th. UBS Group raised their price target on Automatic Data Processing from $318.00 to $324.00 and gave the company a "neutral" rating in a report on Tuesday, March 4th. Finally, StockNews.com lowered Automatic Data Processing from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $296.18.
Check Out Our Latest Stock Report on Automatic Data Processing
Institutional Investors Weigh In On Automatic Data Processing
Several institutional investors have recently made changes to their positions in ADP. Assetmark Inc. lifted its holdings in Automatic Data Processing by 6.5% in the 3rd quarter. Assetmark Inc. now owns 3,437 shares of the business services provider's stock worth $951,000 after purchasing an additional 211 shares during the last quarter. Tyler Stone Wealth Management increased its position in Automatic Data Processing by 104.5% in the 3rd quarter. Tyler Stone Wealth Management now owns 994 shares of the business services provider's stock worth $275,000 after buying an additional 508 shares during the period. Los Angeles Capital Management LLC increased its position in Automatic Data Processing by 11.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 36,470 shares of the business services provider's stock worth $10,092,000 after buying an additional 3,795 shares during the period. Ashton Thomas Securities LLC bought a new position in Automatic Data Processing in the 3rd quarter worth approximately $221,000. Finally, Wolverine Asset Management LLC bought a new position in Automatic Data Processing in the 3rd quarter worth approximately $1,245,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.
Automatic Data Processing Company Profile
(
Get Free Report)
Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.
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