Automatic Data Processing (ADP) Receives Consensus Rating of “Hold” from Brokerages

Shares of Automatic Data Processing (NASDAQ:ADP) have earned an average rating of “Hold” from the seventeen research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $113.82.

A number of equities analysts recently weighed in on ADP shares. BidaskClub upgraded Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Zacks Investment Research upgraded Automatic Data Processing from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and set a $108.00 price objective on shares of Automatic Data Processing in a research report on Wednesday, October 4th. Bank of America raised their price objective on Automatic Data Processing from $111.00 to $114.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Finally, Barclays raised their price objective 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.

In other news, VP Maria Black sold 1,786 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $119.72, for a total transaction of $213,819.92. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Carlos A. Rodriguez sold 95,756 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $118.09, for a total value of $11,307,826.04. Following the sale, the chief executive officer now directly owns 124,722 shares of the company’s stock, valued at $14,728,420.98. The disclosure for this sale can be found here. Insiders have sold a total of 117,291 shares of company stock valued at $13,826,607 over the last 90 days. Corporate insiders own 0.25% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new position in shares of Automatic Data Processing in the 2nd quarter valued at approximately $102,000. Proficio Capital Partners LLC raised its stake in shares of Automatic Data Processing by 1.8% in the 2nd quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 17 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Automatic Data Processing in the 3rd quarter valued at approximately $114,000. Grove Bank & Trust raised its stake in shares of Automatic Data Processing by 16.4% in the 2nd quarter. Grove Bank & Trust now owns 1,208 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 170 shares in the last quarter. Finally, Armbruster Capital Management Inc. raised its stake in shares of Automatic Data Processing by 2.5% in the 2nd quarter. Armbruster Capital Management Inc. now owns 1,322 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 32 shares in the last quarter. 78.68% of the stock is owned by institutional investors.

Automatic Data Processing (NASDAQ ADP) traded down $1.15 during trading hours on Friday, hitting $120.90. The company had a trading volume of 1,482,700 shares, compared to its average volume of 1,848,158. 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 has a fifty-two week low of $94.11 and a fifty-two week high of $122.90. The firm has a market cap of $53,860.00, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 3.02 and a beta of 0.85.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.91 earnings per share for the quarter, beating 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 business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the company posted $0.86 EPS. Automatic Data Processing’s revenue for the quarter was up 5.6% on a year-over-year basis. analysts anticipate that Automatic Data Processing will post 3.91 EPS for the current year.

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

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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.

Analyst Recommendations for Automatic Data Processing (NASDAQ:ADP)

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