Automatic Data Processing, Inc. (NASDAQ:ADP – Get Free Report) has been assigned an average rating of “Hold” from the thirteen research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $267.83.
ADP has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on shares of Automatic Data Processing from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. StockNews.com cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. Barclays increased their price objective on shares of Automatic Data Processing from $282.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $267.00 price objective on shares of Automatic Data Processing in a research note on Thursday, August 1st. Finally, Citigroup increased their target price on shares of Automatic Data Processing from $260.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th.
View Our Latest Research Report on Automatic Data Processing
Insider Buying and Selling
Institutional Trading of Automatic Data Processing
Several hedge funds have recently bought and sold shares of ADP. Kiely Wealth Advisory Group Inc. acquired a new position in Automatic Data Processing during the second quarter worth $27,000. Keener Financial Planning LLC raised its stake in Automatic Data Processing by 230.3% during the first quarter. Keener Financial Planning LLC now owns 109 shares of the business services provider’s stock worth $28,000 after acquiring an additional 76 shares in the last quarter. Crewe Advisors LLC acquired a new position in Automatic Data Processing during the first quarter worth about $33,000. Pathway Financial Advisers LLC acquired a new position in shares of Automatic Data Processing in the first quarter valued at approximately $36,000. Finally, Pineridge Advisors LLC acquired a new position in shares of Automatic Data Processing in the fourth quarter valued at approximately $39,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.
Automatic Data Processing Stock Performance
ADP stock opened at $282.12 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $115.47 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 3.02 and a beta of 0.79. Automatic Data Processing has a 12 month low of $205.53 and a 12 month high of $286.30. The firm has a 50 day moving average of $270.94 and a two-hundred day moving average of $254.06.
Automatic Data Processing (NASDAQ:ADP – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.03. Automatic Data Processing had a net margin of 19.54% and a return on equity of 89.20%. The business had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same period in the prior year, the firm earned $1.89 EPS. Automatic Data Processing’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts anticipate that Automatic Data Processing will post 10.04 EPS for the current fiscal year.
Automatic Data Processing Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, September 13th. Automatic Data Processing’s payout ratio is 62.50%.
Automatic Data Processing Company Profile
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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