Automatic Data Processing (ADP) Given Consensus Recommendation of “Hold” by Brokerages

Automatic Data Processing (NASDAQ:ADP) has received a consensus rating of “Hold” from the seventeen research firms that are covering the stock, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $121.36.

A number of research analysts recently weighed in on ADP shares. BidaskClub lowered Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research raised Automatic Data Processing from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a report on Friday, January 5th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Automatic Data Processing in a report on Wednesday, November 15th. Royal Bank of Canada dropped their price objective on Automatic Data Processing from $100.00 to $95.00 and set a “sector perform” rating on the stock in a report on Monday, November 6th. Finally, Citigroup reaffirmed a “neutral” rating and set a $118.00 price objective (up previously from $110.00) on shares of Automatic Data Processing in a report on Friday, January 12th.

In other Automatic Data Processing news, CEO Carlos A. Rodriguez sold 95,756 shares of the company’s stock in a transaction on 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 owns 124,722 shares of the company’s stock, valued at $14,728,420.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Donald Weinstein sold 3,242 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $125.00, for a total value of $405,250.00. Following the completion of the sale, the vice president now directly owns 28,366 shares in the company, valued at approximately $3,545,750. The disclosure for this sale can be found here. Insiders sold 149,767 shares of company stock worth $17,801,722 in the last three months. 0.25% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Pershing Square Capital Management L.P. lifted its position in shares of Automatic Data Processing by 402.5% in the third quarter. Pershing Square Capital Management L.P. now owns 8,798,442 shares of the business services provider’s stock valued at $961,846,000 after acquiring an additional 7,047,575 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Automatic Data Processing by 5,962.5% in the second quarter. Janus Henderson Group PLC now owns 4,013,865 shares of the business services provider’s stock valued at $411,260,000 after acquiring an additional 3,947,657 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Automatic Data Processing by 42,776.7% in the third quarter. Canada Pension Plan Investment Board now owns 1,376,771 shares of the business services provider’s stock valued at $150,509,000 after acquiring an additional 1,373,560 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Automatic Data Processing by 42.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,993,394 shares of the business services provider’s stock valued at $467,986,000 after acquiring an additional 1,199,402 shares in the last quarter. Finally, Fundsmith LLP lifted its position in shares of Automatic Data Processing by 29.0% in the second quarter. Fundsmith LLP now owns 5,176,340 shares of the business services provider’s stock valued at $530,368,000 after acquiring an additional 1,164,972 shares in the last quarter. 78.55% of the stock is currently owned by institutional investors.

Shares of Automatic Data Processing (NASDAQ ADP) traded up $0.22 during midday trading on Tuesday, reaching $111.65. The company’s stock had a trading volume of 2,040,600 shares, compared to its average volume of 2,075,239. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. Automatic Data Processing has a one year low of $95.50 and a one year high of $125.24. The stock has a market capitalization of $49,420.00, a PE ratio of 28.92, a P/E/G ratio of 2.43 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, January 31st. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.10. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. Automatic Data Processing had a return on equity of 43.28% and a net margin of 13.47%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 earnings per share. equities analysts predict that Automatic Data Processing will post 4.17 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, March 8th. Automatic Data Processing’s dividend payout ratio (DPR) is 65.28%.

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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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