John P. Jones III Sells 5,688 Shares of Automatic Data Processing (ADP) Stock

Automatic Data Processing (NASDAQ:ADP) Director John P. Jones III sold 5,688 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $116.03, for a total value of $659,978.64. Following the completion of the transaction, the director now directly owns 53,956 shares in the company, valued at approximately $6,260,514.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Automatic Data Processing (ADP) traded up $1.26 during mid-day trading on Wednesday, reaching $117.25. The company had a trading volume of 1,521,462 shares, compared to its average volume of 1,987,200. Automatic Data Processing has a 52-week low of $94.11 and a 52-week high of $121.77. The firm has a market capitalization of $52,000.00, a price-to-earnings ratio of 29.76, a PEG ratio of 2.90 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.10 and a quick ratio of 1.10.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. Automatic Data Processing’s quarterly revenue was up 5.6% on a year-over-year basis. equities research analysts anticipate that Automatic Data Processing will post 3.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Friday, December 8th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Thursday, December 7th. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $0.57. Automatic Data Processing’s dividend payout ratio is currently 63.96%.

ADP has been the topic of a number of recent research reports. BidaskClub lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Bank of America raised Automatic Data Processing from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Morgan Stanley raised Automatic Data Processing from an “underweight” rating to an “equal” rating and set a $114.00 target price on the stock in a report on Tuesday, November 14th. Sanford C. Bernstein boosted their target price on Automatic Data Processing from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st. Finally, Barclays boosted their target price on Automatic Data Processing from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Automatic Data Processing currently has a consensus rating of “Hold” and a consensus target price of $114.14.

A number of hedge funds have recently made changes to their positions in ADP. Cedar Capital LLC acquired a new stake in Automatic Data Processing in the second quarter valued at $254,000. Gotham Asset Management LLC acquired a new stake in Automatic Data Processing in the first quarter valued at $1,447,000. Intl Fcstone Inc. acquired a new stake in Automatic Data Processing in the second quarter valued at $1,699,000. AHL Partners LLP grew its holdings in Automatic Data Processing by 37.3% in the second quarter. AHL Partners LLP now owns 109,735 shares of the business services provider’s stock valued at $11,243,000 after purchasing an additional 29,836 shares during the last quarter. Finally, AMP Capital Investors Ltd grew its holdings in Automatic Data Processing by 20.0% in the third quarter. AMP Capital Investors Ltd now owns 307,676 shares of the business services provider’s stock valued at $33,636,000 after purchasing an additional 51,252 shares during the last quarter. 78.67% of the stock is currently owned by hedge funds and other institutional investors.

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About Automatic Data Processing

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

Insider Buying and Selling by Quarter for Automatic Data Processing (NASDAQ:ADP)

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