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Automatic Data Processing (NASDAQ:ADP) Director Leslie A. Brun sold 1,250 shares of the stock on the open market in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $81.29, for a total transaction of $101,612.50. Following the sale, the director now directly owns 46,494 shares of the company’s stock, valued at approximately $3,779,497. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Automatic Data Processing (NASDAQ:ADP) traded up 0.86% on Wednesday, hitting $81.97. 505,369 shares of the company’s stock traded hands. Automatic Data Processing has a 1-year low of $69.76 and a 1-year high of $83.82. The stock has a 50-day moving average of $80.74 and a 200-day moving average of $78.12. The company has a market cap of $39.420 billion and a P/E ratio of 25.90.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts expect that Automatic Data Processing will post $3.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Friday, September 12th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, September 10th.

A number of research firms have recently commented on ADP. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Automatic Data Processing in a research note on Wednesday. They now have a $94.00 price target on the stock, up previously from $89.00. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Automatic Data Processing in a research note on Friday, August 1st. They now have a $86.00 price target on the stock, up previously from $84.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Automatic Data Processing in a research note on Friday, August 1st. They now have a $80.00 price target on the stock, up previously from $71.00. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $86.50.

Automatic Data Processing, Inc (NASDAQ:ADP) is a provider of business outsourcing solutions.

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