Automatic Data Processing (NASDAQ:ADP) VP Stuart Sackman sold 238 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $121.65, for a total transaction of $28,952.70. Following the completion of the sale, the vice president now owns 18,676 shares in the company, valued at $2,271,935.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Automatic Data Processing (ADP) traded up $1.33 during midday trading on Tuesday, hitting $122.77. The stock had a trading volume of 1,673,400 shares, compared to its average volume of 1,843,886. The firm has a market cap of $54,150.00, a P/E ratio of 31.16, a PEG ratio of 3.00 and a beta of 0.85. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. Automatic Data Processing has a 12 month low of $94.11 and a 12 month high of $122.90.
Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.06 billion. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. equities analysts predict that Automatic Data Processing will post 3.91 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADP. Proficio Capital Partners LLC lifted its holdings in Automatic Data Processing by 1.8% during the 2nd quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 17 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in Automatic Data Processing during the 2nd quarter valued at $102,000. Wealthcare Advisory Partners LLC acquired a new stake in Automatic Data Processing during the 3rd quarter valued at $114,000. Family Capital Trust Co acquired a new stake in Automatic Data Processing during the 3rd quarter valued at $137,000. Finally, San Francisco Sentry Investment Group CA acquired a new stake in Automatic Data Processing during the 2nd quarter valued at $136,000. 78.76% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on ADP shares. Zacks Investment Research raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research note on Tuesday. BidaskClub cut shares of Automatic Data Processing from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. 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 note on Friday, January 12th. Sanford C. Bernstein raised their price target on shares of Automatic Data Processing from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Finally, Barclays raised their price target on shares of Automatic Data Processing from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $115.43.
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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.
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