Automatic Data Processing (NASDAQ:ADP) VP Maria Black sold 1,786 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $119.72, for a total value of $213,819.92. Following the sale, the vice president now directly owns 11,858 shares of the company’s stock, valued at approximately $1,419,639.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Automatic Data Processing (NASDAQ:ADP) traded down $1.15 during trading on Thursday, hitting $120.90. The stock had a trading volume of 1,359,336 shares, compared to its average volume of 1,838,083. Automatic Data Processing has a fifty-two week low of $94.11 and a fifty-two week high of $122.90. The stock has a market capitalization of $53,620.00, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 2.95 and a beta of 0.85. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.51.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.91 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. analysts forecast that Automatic Data Processing will post 3.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be given a $0.63 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.52 annualized dividend and a dividend yield of 2.08%. Automatic Data Processing’s payout ratio is 63.96%.

ADP has been the subject of several recent research reports. BidaskClub raised Automatic Data Processing from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Citigroup reissued a “neutral” rating and set a $118.00 price target (up previously from $110.00) on shares of Automatic Data Processing in a report on Friday, January 12th. BMO Capital Markets cut their price target on Automatic Data Processing from $122.00 to $114.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Zacks Investment Research lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Bank of America boosted their price target on Automatic Data Processing from $111.00 to $114.00 and gave the company a “neutral” rating in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $115.21.

Several institutional investors have recently made changes to their positions in ADP. Trust Co. of Vermont lifted its position in shares of Automatic Data Processing by 1.0% in the second quarter. Trust Co. of Vermont now owns 69,360 shares of the business services provider’s stock valued at $7,107,000 after acquiring an additional 711 shares in the last quarter. Creative Planning lifted its position in shares of Automatic Data Processing by 5.2% in the second quarter. Creative Planning now owns 43,077 shares of the business services provider’s stock worth $4,414,000 after buying an additional 2,125 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Automatic Data Processing by 1.4% in the second quarter. State of Alaska Department of Revenue now owns 32,301 shares of the business services provider’s stock worth $3,309,000 after buying an additional 450 shares in the last quarter. National Pension Service lifted its position in shares of Automatic Data Processing by 10.0% in the second quarter. National Pension Service now owns 376,403 shares of the business services provider’s stock worth $38,190,000 after buying an additional 34,263 shares in the last quarter. Finally, Somerset Trust Co lifted its position in shares of Automatic Data Processing by 2.8% in the second quarter. Somerset Trust Co now owns 16,072 shares of the business services provider’s stock worth $1,647,000 after buying an additional 441 shares in the last quarter. Institutional investors and hedge funds own 78.68% of the company’s stock.

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Automatic Data Processing Company Profile

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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