Automatic Data Processing (NASDAQ:ADP) VP Virginia Magliulo Sells 852 Shares of Stock

Automatic Data Processing, Inc. (NASDAQ:ADP – Get Free Report) VP Virginia Magliulo sold 852 shares of the business’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $310.01, for a total value of $264,128.52. Following the completion of the transaction, the vice president directly owned 14,865 shares in the company, valued at $4,608,298.65. This represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Virginia Magliulo also recently made the following trade(s):

  • On Friday, October 30th, Virginia Magliulo sold 2,927 shares of Automatic Data Processing stock. The stock was sold at an average price of $293.70, for a total value of $859,659.90.

Automatic Data Processing Trading Down 1.2%

NASDAQ ADP traded down $3.79 during trading hours on Friday, hitting $303.35. 2,401,873 shares of the company’s stock were exchanged, compared to its average volume of 2,114,692. The firm has a market cap of $119.75 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 2.68 and a beta of 0.77. The stock has a 50-day simple moving average of $279.18 and a 200 day simple moving average of $241.91. The company has a current ratio of 1.03, a quick ratio of 1.05 and a debt-to-equity ratio of 0.98. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $310.98.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.48 billion. Automatic Data Processing had a return on equity of 77.01% and a net margin of 20.33%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.49 earnings per share. On average, equities analysts forecast that Automatic Data Processing, Inc. will post 12.38 EPS for the current fiscal year.

More Automatic Data Processing News

Here are the key news stories impacting Automatic Data Processing this week:

  • Positive Sentiment: ADP’s October employment report showed private employers added 86,000 jobs, above expectations of 69,000. Continued hiring could support demand for ADP’s payroll and human-resources services. October private-sector hiring report
  • Neutral Sentiment: Three ADP vice presidents—Michael Bonarti, Virginia Magliulo and Jonathan Lehberger—reported share sales. Each transaction was made under a pre-arranged Rule 10b5-1 plan, so the sales are not necessarily a signal about their outlook for the company. SEC filing for Bonarti sale SEC filing for Magliulo sale SEC filing for Lehberger sale
  • Negative Sentiment: Recent valuation commentary argues ADP may be priced above estimated fair value, including one analysis identifying a potential 13% gap. Such concerns could temper demand for the shares, particularly after a strong run-up. ADP fair-value analysis ADP cash-flow valuation analysis

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ADP shares. Cantor Fitzgerald raised their price target on shares of Automatic Data Processing from $310.00 to $336.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Morgan Stanley lifted their price target on shares of Automatic Data Processing from $286.00 to $288.00 and gave the company an “equal weight” rating in a research note on Thursday, October 29th. Weiss Ratings upgraded shares of Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. UBS Group increased their price objective on shares of Automatic Data Processing from $260.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, BMO Capital Markets raised their target price on Automatic Data Processing from $248.00 to $305.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $285.00.

View Our Latest Report on ADP

Institutional Investors Weigh In On Automatic Data Processing

A number of institutional investors and hedge funds have recently made changes to their positions in ADP. BlackRock Inc. bought a new position in shares of Automatic Data Processing in the second quarter valued at approximately $8,097,229,000. Bank of America Corp DE bought a new position in Automatic Data Processing during the 2nd quarter valued at $1,231,175,000. Deutsche Bank AG bought a new position in Automatic Data Processing during the 2nd quarter valued at $994,937,000. Bank of New York Mellon Corp purchased a new position in Automatic Data Processing during the 2nd quarter worth $725,513,000. Finally, Legal & General Group Plc purchased a new position in Automatic Data Processing during the 2nd quarter worth $562,425,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

About Automatic Data Processing

(Get Free Report)

Automatic Data Processing, Inc (ADP) provides payroll processing and human resources technology and services to businesses of varying sizes. Its offerings include payroll administration, tax filing, benefits administration, workforce management, talent management, and human capital management software.

ADP also provides services such as compliance support and professional employer organization solutions, which help businesses manage employment responsibilities. Its products combine software with payroll and HR services to support organizations’ workforce operations.

Founded in 1949 as Automatic Payrolls, Inc, the company has grown from a payroll-processing business into a global provider of HR and workforce solutions.

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

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