Automatic Data Processing (NASDAQ:ADP) announced a quarterly dividend on Tuesday, January 16th, RTT News reports. Shareholders of record on Friday, March 9th will be paid a dividend of 0.63 per share by the business services provider on Sunday, April 1st. This represents a $2.52 annualized dividend and a yield of 2.13%.

Automatic Data Processing (ADP) traded up $1.29 on Tuesday, hitting $118.47. The stock had a trading volume of 1,644,400 shares, compared to its average volume of 1,833,578. The company has a market capitalization of $53,080.00, a PE ratio of 30.07, a price-to-earnings-growth ratio of 2.93 and a beta of 0.85. Automatic Data Processing has a 1 year low of $94.11 and a 1 year high of $121.77. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.10.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.06 billion. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. Automatic Data Processing’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share. sell-side analysts expect that Automatic Data Processing will post 3.91 EPS for the current year.

In other news, VP Donald Weinstein sold 2,275 shares of the firm’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 transaction of $263,968.25. Following the completion of the sale, the vice president now owns 27,399 shares in the company, valued at approximately $3,179,105.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Carlos A. Rodriguez sold 95,756 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $118.09, for a total transaction of $11,307,826.04. Following the sale, the chief executive officer now owns 124,722 shares of the company’s stock, valued at approximately $14,728,420.98. The disclosure for this sale can be found here. Insiders sold a total of 115,505 shares of company stock worth $13,612,788 over the last three months. Corporate insiders own 0.25% of the company’s stock.

Several research firms recently issued reports on ADP. Zacks Investment Research downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub downgraded Automatic Data Processing from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup reaffirmed a “neutral” rating and set a $118.00 price target (up from $110.00) on shares of Automatic Data Processing in a research report on Friday. Sanford C. Bernstein increased their price target on Automatic Data Processing from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Finally, Barclays increased their price target on Automatic Data Processing from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $115.21.

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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.

Dividend History for Automatic Data Processing (NASDAQ:ADP)

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