Shares of Automatic Data Processing, Inc. (NASDAQ:ADP – Get Free Report) have been assigned an average rating of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $262.18.
ADP has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their target price on Automatic Data Processing from $254.00 to $250.00 and set an “underweight” rating for the company in a research report on Thursday, May 2nd. Bank of America boosted their price target on Automatic Data Processing from $250.00 to $267.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. TD Cowen dropped their target price on Automatic Data Processing from $253.00 to $251.00 and set a “hold” rating for the company in a report on Thursday, May 2nd. Barclays increased their target price on Automatic Data Processing from $282.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus increased their price target on Automatic Data Processing from $271.00 to $287.00 and gave the company a “hold” rating in a research report on Thursday, August 1st.
Read Our Latest Stock Analysis on ADP
Hedge Funds Weigh In On Automatic Data Processing
Automatic Data Processing Trading Up 0.2 %
Shares of ADP opened at $264.09 on Friday. The company has a 50 day simple moving average of $248.30 and a two-hundred day simple moving average of $247.51. Automatic Data Processing has a 1 year low of $205.53 and a 1 year high of $269.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $108.09 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 2.72 and a beta of 0.78.
Automatic Data Processing (NASDAQ:ADP – Get Free Report) last posted its earnings results on Wednesday, July 31st. The business services provider reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.03. The firm had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.74 billion. Automatic Data Processing had a net margin of 19.54% and a return on equity of 89.20%. Automatic Data Processing’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $1.89 earnings per share. On average, equities analysts expect that Automatic Data Processing will post 10.01 earnings per share for the current fiscal year.
Automatic Data Processing Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a dividend of $1.40 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $5.60 annualized dividend and a yield of 2.12%. Automatic Data Processing’s dividend payout ratio is presently 62.50%.
About Automatic Data Processing
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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