Automatic Data Processing, Inc. (NASDAQ:ADP) VP Deborah L. Dyson Sells 2,161 Shares

Automatic Data Processing, Inc. (NASDAQ:ADP) VP Deborah L. Dyson sold 2,161 shares of the business’s stock in a transaction that occurred on Wednesday, January 12th. The shares were sold at an average price of $235.13, for a total transaction of $508,115.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

ADP opened at $228.75 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.05 and a quick ratio of 1.05. The company has a 50 day simple moving average of $235.53 and a two-hundred day simple moving average of $217.57. Automatic Data Processing, Inc. has a 1-year low of $159.31 and a 1-year high of $248.96. The firm has a market cap of $96.39 billion, a P/E ratio of 36.19, a PEG ratio of 2.89 and a beta of 0.75.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Tuesday, October 26th. The business services provider reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.16. Automatic Data Processing had a net margin of 17.55% and a return on equity of 47.31%. The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. Automatic Data Processing’s revenue for the quarter was up 9.5% on a year-over-year basis. Equities analysts anticipate that Automatic Data Processing, Inc. will post 6.77 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 1st. Investors of record on Friday, March 11th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, March 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.82%. Automatic Data Processing’s dividend payout ratio is 65.82%.

ADP has been the subject of several recent research reports. Jefferies Financial Group boosted their target price on shares of Automatic Data Processing from $215.00 to $250.00 and gave the company a “hold” rating in a research report on Wednesday, October 27th. Zacks Investment Research upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $241.00 target price for the company in a research report on Tuesday, December 21st. Mizuho boosted their target price on shares of Automatic Data Processing from $230.00 to $245.00 and gave the company a “buy” rating in a research report on Tuesday, November 2nd. BMO Capital Markets boosted their target price on shares of Automatic Data Processing from $208.00 to $220.00 and gave the company a “market perform” rating in a research report on Thursday, October 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Automatic Data Processing from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Thursday, October 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $231.46.

Several large investors have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. boosted its position in shares of Automatic Data Processing by 4.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 51,005 shares of the business services provider’s stock worth $12,577,000 after acquiring an additional 1,952 shares during the last quarter. Spire Wealth Management boosted its position in shares of Automatic Data Processing by 141.1% during the fourth quarter. Spire Wealth Management now owns 9,559 shares of the business services provider’s stock worth $2,357,000 after acquiring an additional 5,594 shares during the last quarter. Windward Capital Management Co. CA raised its stake in Automatic Data Processing by 1.2% during the fourth quarter. Windward Capital Management Co. CA now owns 24,149 shares of the business services provider’s stock valued at $5,955,000 after purchasing an additional 284 shares in the last quarter. Riverbridge Partners LLC purchased a new stake in Automatic Data Processing during the fourth quarter valued at $240,000. Finally, HighTower Trust Services LTA purchased a new stake in Automatic Data Processing during the fourth quarter valued at $1,379,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

About Automatic Data Processing

Automatic Data Processing, Inc engages in the provision of business outsourcing solutions specializes in cloud-based human capital management. It operates through the following business segments: Employer Services; and Professional Employer Organization Services; and Other. The Employer Services segment provides clients ranging from single-employee small businesses to large enterprises with tens of thousands of employees around the world, offering a range of human resources outsourcing and technology-based human capital management solutions, including strategic, cloud-based platforms.

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Insider Buying and Selling by Quarter for Automatic Data Processing (NASDAQ:ADP)

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