Insider Selling: Automatic Data Processing VP Dermot J. O’brien Sells 6,611 Shares of Stock (ADP)
Automatic Data Processing (NASDAQ:ADP) VP Dermot J. O’brien unloaded 6,611 shares of Automatic Data Processing stock on the open market in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $79.86, for a total value of $527,954.46. Following the completion of the sale, the vice president now directly owns 19,968 shares of the company’s stock, valued at approximately $1,594,644. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Automatic Data Processing (NASDAQ:ADP) traded down 0.41% during mid-day trading on Tuesday, hitting $79.67. The stock had a trading volume of 761,594 shares. Automatic Data Processing has a 1-year low of $67.16 and a 1-year high of $83.82. The stock’s 50-day moving average is $77.95 and its 200-day moving average is $77.87. The company has a market cap of $38.409 billion and a P/E ratio of 26.68.
Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by $0.02. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts predict that Automatic Data Processing will post $3.14 earnings per share for the current fiscal year.
Automatic Data Processing, Inc (NASDAQ:ADP) is a provider of business outsourcing solutions.
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