Automatic Data Processing, Inc. Declares Quarterly Dividend of $0.93 (NASDAQ:ADP)


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Automatic Data Processing, Inc. (NASDAQ:ADP) announced a quarterly dividend on Wednesday, January 13th, RTT News reports. Stockholders of record on Friday, March 12th will be paid a dividend of 0.93 per share by the business services provider on Thursday, April 1st. This represents a $3.72 annualized dividend and a dividend yield of 2.26%.

Automatic Data Processing has raised its dividend by 56.4% over the last three years and has raised its dividend annually for the last 47 consecutive years.

Shares of NASDAQ:ADP traded down $4.40 on Wednesday, hitting $164.66. The stock had a trading volume of 3,146,434 shares, compared to its average volume of 1,957,892. Automatic Data Processing has a twelve month low of $103.11 and a twelve month high of $182.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.08. The firm’s 50 day moving average price is $174.21 and its 200-day moving average price is $153.31. The company has a market capitalization of $70.61 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 2.53 and a beta of 0.70.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, October 28th. The business services provider reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.44. Automatic Data Processing had a net margin of 17.07% and a return on equity of 46.13%. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the previous year, the company earned $1.34 EPS. As a group, sell-side analysts predict that Automatic Data Processing will post 5.64 EPS for the current year.

In other news, VP Joseph Desilva sold 450 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $160.00, for a total value of $72,000.00. Following the completion of the sale, the vice president now directly owns 2,855 shares of the company’s stock, valued at approximately $456,800. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Carlos A. Rodriguez sold 37,593 shares of the company’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $172.00, for a total value of $6,465,996.00. Insiders have sold a total of 77,731 shares of company stock valued at $12,957,058 over the last three months. Company insiders own 0.34% of the company’s stock.

Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 5th. Jefferies Financial Group lifted their price target on Automatic Data Processing from $135.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday, October 28th. Wells Fargo & Company initiated coverage on Automatic Data Processing in a report on Friday, December 18th. They issued an “overweight” rating and a $200.00 price target for the company. BMO Capital Markets lifted their price target on Automatic Data Processing from $149.00 to $165.00 and gave the company a “market perform” rating in a report on Thursday, October 29th. Finally, Credit Suisse Group lifted their price target on Automatic Data Processing from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, November 9th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $158.00.

About Automatic Data Processing

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.

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Dividend History for Automatic Data Processing (NASDAQ:ADP)

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