Automatic Data Processing, Inc. (NASDAQ:ADP – Get Free Report) VP Brian Michaud sold 120 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $279.70, for a total value of $33,564.00. Following the completion of the transaction, the vice president directly owned 18,442 shares in the company, valued at approximately $5,158,227.40. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Automatic Data Processing Stock Performance
Shares of ADP opened at $281.39 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a 50-day moving average of $253.33 and a 200-day moving average of $227.18. The company has a market cap of $111.79 billion, a PE ratio of 25.72 and a beta of 0.81. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $305.31.
Automatic Data Processing (NASDAQ:ADP – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.44 billion. Automatic Data Processing had a net margin of 20.11% and a return on equity of 71.34%. Automatic Data Processing’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.26 EPS. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. On average, equities research analysts predict that Automatic Data Processing, Inc. will post 12.26 EPS for the current fiscal year.
Automatic Data Processing Announces Dividend
Analyst Ratings Changes
ADP has been the topic of several research reports. UBS Group boosted their target price on Automatic Data Processing from $260.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. BMO Capital Markets lifted their price objective on Automatic Data Processing from $248.00 to $305.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Jefferies Financial Group lowered their price objective on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Stifel Nicolaus upped their price objective on shares of Automatic Data Processing from $260.00 to $285.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company upped their price objective on shares of Automatic Data Processing from $248.00 to $283.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $273.50.
View Our Latest Stock Report on Automatic Data Processing
Institutional Investors Weigh In On Automatic Data Processing
Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its holdings in Automatic Data Processing by 22,166.8% during the second quarter. California State Teachers Retirement System now owns 140,971,822 shares of the business services provider’s stock valued at $31,570,640,000 after purchasing an additional 140,338,719 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Automatic Data Processing in the second quarter worth $8,097,229,000. Bank of America Corp DE bought a new stake in shares of Automatic Data Processing during the 2nd quarter valued at $1,231,175,000. Deutsche Bank AG purchased a new position in shares of Automatic Data Processing during the 2nd quarter valued at $994,937,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Automatic Data Processing by 6,493.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,468,180 shares of the business services provider’s stock valued at $892,120,000 after buying an additional 3,415,576 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.
Automatic Data Processing Company Profile
Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.
ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.
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