Automatic Data Processing, Inc. (NASDAQ:ADP - Get Free Report) VP Christopher D'ambrosio sold 478 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $293.14, for a total value of $140,120.92. Following the completion of the transaction, the vice president now directly owns 7,364 shares of the company's stock, valued at approximately $2,158,682.96. The trade was a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Christopher D'ambrosio also recently made the following trade(s):
- On Monday, March 10th, Christopher D'ambrosio sold 473 shares of Automatic Data Processing stock. The stock was sold at an average price of $306.20, for a total transaction of $144,832.60.
Automatic Data Processing Stock Performance
ADP opened at $301.56 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59. The stock has a market cap of $122.87 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 3.62 and a beta of 0.74. Automatic Data Processing, Inc. has a 12-month low of $231.27 and a 12-month high of $322.84. The business has a 50 day moving average of $302.25 and a 200-day moving average of $297.93.
Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released 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 net margin of 19.76% and a return on equity of 80.86%. On average, equities research 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 announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a $1.54 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.04%. Automatic Data Processing's payout ratio is presently 64.23%.
Institutional Trading of Automatic Data Processing
Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Automatic Data Processing by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 40,731,270 shares of the business services provider's stock valued at $11,923,265,000 after buying an additional 277,324 shares during the period. Geode Capital Management LLC lifted its position in shares of Automatic Data Processing by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 10,583,607 shares of the business services provider's stock valued at $3,098,305,000 after acquiring an additional 65,965 shares during the period. Northern Trust Corp grew its holdings in shares of Automatic Data Processing by 17.1% during the 4th quarter. Northern Trust Corp now owns 6,174,419 shares of the business services provider's stock worth $1,807,438,000 after purchasing an additional 902,354 shares in the last quarter. Capital Research Global Investors increased its position in shares of Automatic Data Processing by 26.9% in the fourth quarter. Capital Research Global Investors now owns 6,136,763 shares of the business services provider's stock worth $1,796,415,000 after purchasing an additional 1,299,390 shares during the period. Finally, Invesco Ltd. raised its stake in Automatic Data Processing by 6.0% in the fourth quarter. Invesco Ltd. now owns 3,886,552 shares of the business services provider's stock valued at $1,137,710,000 after purchasing an additional 219,032 shares in the last quarter. Institutional investors own 80.03% of the company's stock.
Analyst Upgrades and Downgrades
ADP has been the topic of a number of recent research reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $315.00 target price on shares of Automatic Data Processing in a research report on Thursday, January 30th. Jefferies Financial Group boosted their price objective on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. UBS Group raised their target price on shares of Automatic Data Processing from $318.00 to $324.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. StockNews.com cut shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Barclays raised their price objective on Automatic Data Processing from $325.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Automatic Data Processing has an average rating of "Hold" and an average price target of $302.30.
Read Our Latest Stock Analysis on ADP
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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