Insider Selling: Carlos A. Rodriguez Unloads 47,500 Shares of Automatic Data Processing Stock (ADP)
Automatic Data Processing (NASDAQ:ADP) CEO Carlos A. Rodriguez sold 47,500 shares of the company’s stock on the open market in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $80.04, for a total value of $3,801,900.00. Following the completion of the sale, the chief executive officer now directly owns 120,085 shares in the company, valued at approximately $9,611,603. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Automatic Data Processing (NASDAQ:ADP) traded down 0.73% during mid-day trading on Tuesday, hitting $79.42. The stock had a trading volume of 1,385,889 shares. Automatic Data Processing has a one year low of $67.16 and a one year high of $83.82. The stock has a 50-day moving average of $77.95 and a 200-day moving average of $77.87. The company has a market cap of $38.289 billion and a P/E ratio of 26.68.
Automatic Data Processing (NASDAQ:ADP) last released its 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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