Automatic Data Processing, Inc. (NASDAQ:ADP – Get Free Report) VP Don Mcguire sold 3,880 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $253.90, for a total value of $985,132.00. Following the completion of the sale, the vice president now directly owns 20,665 shares in the company, valued at approximately $5,246,843.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Automatic Data Processing Stock Performance
NASDAQ ADP opened at $250.12 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99. Automatic Data Processing, Inc. has a 1 year low of $201.46 and a 1 year high of $274.92. The company has a market capitalization of $103.05 billion, a PE ratio of 30.50, a P/E/G ratio of 2.37 and a beta of 0.81. The company has a fifty day moving average of $242.98 and a two-hundred day moving average of $225.78.
Automatic Data Processing (NASDAQ:ADP – Get Free Report) last released its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.06. Automatic Data Processing had a net margin of 18.94% and a return on equity of 107.15%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. Automatic Data Processing’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, analysts expect that Automatic Data Processing, Inc. will post 9.14 earnings per share for the current year.
Automatic Data Processing Announces Dividend
Institutional Investors Weigh In On Automatic Data Processing
Several hedge funds have recently made changes to their positions in the business. Bank of New Hampshire boosted its stake in shares of Automatic Data Processing by 0.3% during the second quarter. Bank of New Hampshire now owns 13,356 shares of the business services provider’s stock worth $2,936,000 after buying an additional 40 shares during the period. Key Financial Inc boosted its stake in shares of Automatic Data Processing by 0.4% during the second quarter. Key Financial Inc now owns 10,731 shares of the business services provider’s stock worth $2,359,000 after buying an additional 41 shares during the period. Bell Investment Advisors Inc boosted its stake in shares of Automatic Data Processing by 23.2% during the second quarter. Bell Investment Advisors Inc now owns 218 shares of the business services provider’s stock worth $48,000 after buying an additional 41 shares during the period. Angeles Wealth Management LLC boosted its stake in shares of Automatic Data Processing by 4.2% during the second quarter. Angeles Wealth Management LLC now owns 1,011 shares of the business services provider’s stock worth $222,000 after buying an additional 41 shares during the period. Finally, Signet Financial Management LLC boosted its stake in shares of Automatic Data Processing by 1.3% during the fourth quarter. Signet Financial Management LLC now owns 3,587 shares of the business services provider’s stock worth $857,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 79.37% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on ADP shares. UBS Group started coverage on Automatic Data Processing in a research report on Friday, June 2nd. They set a “neutral” rating and a $230.00 price objective on the stock. Robert W. Baird upped their price objective on Automatic Data Processing from $235.00 to $270.00 in a research report on Thursday, July 27th. JPMorgan Chase & Co. upped their price objective on Automatic Data Processing from $260.00 to $280.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 22nd. StockNews.com lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Barclays increased their target price on Automatic Data Processing from $275.00 to $285.00 in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $249.57.
Check Out Our Latest Analysis on Automatic Data Processing
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.
Read More
- Five stocks we like better than Automatic Data Processing
- High Flyers: 3 Natural Gas Stocks for March 2022
- These 3 Wood Stocks are about to go on Discount
- What Are Utility Stocks? An Overview of the Utilities Sector
- Same Coin, Different Sides: 2 Observability Stocks Reverse Ways
- What Are Dividend Contenders? Investing in Dividend Contenders
- 3 Stocks Awaiting Winter Winds of Opportunity
Receive News & Ratings for Automatic Data Processing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Automatic Data Processing and related companies with MarketBeat.com's FREE daily email newsletter.
