Automatic Data Processing (NASDAQ:ADP) VP Maria Black sold 1,614 shares of the stock in a transaction on Friday, February 8th. The stock was sold at an average price of $146.61, for a total value of $236,628.54. Following the transaction, the vice president now owns 17,691 shares of the company’s stock, valued at $2,593,677.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Automatic Data Processing stock opened at $149.50 on Wednesday. The stock has a market capitalization of $63.95 billion, a P/E ratio of 34.37, a PEG ratio of 2.14 and a beta of 0.91. Automatic Data Processing has a 12-month low of $109.14 and a 12-month high of $153.51. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42.
Get Automatic Data Processing alerts:Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, January 30th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.16. The business had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.43 billion. Automatic Data Processing had a return on equity of 51.92% and a net margin of 13.12%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. As a group, equities analysts predict that Automatic Data Processing will post 5.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, March 7th. Automatic Data Processing’s dividend payout ratio is 72.64%.
Several research analysts have issued reports on ADP shares. Zacks Investment Research reiterated a “buy” rating and set a $146.00 price objective on shares of Automatic Data Processing in a research note on Monday, December 31st. Jefferies Financial Group increased their target price on Automatic Data Processing to $167.00 and gave the stock a “hold” rating in a report on Thursday, November 1st. BMO Capital Markets decreased their target price on Automatic Data Processing from $155.00 to $150.00 and set a “market perform” rating on the stock in a report on Thursday, November 1st. Citigroup increased their target price on Automatic Data Processing from $137.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, November 1st. Finally, Barclays began coverage on Automatic Data Processing in a report on Wednesday, November 14th. They set an “overweight” rating and a $168.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $151.87.
A number of institutional investors have recently bought and sold shares of ADP. PagnatoKarp Partners LLC raised its position in shares of Automatic Data Processing by 2.5% during the fourth quarter. PagnatoKarp Partners LLC now owns 2,879 shares of the business services provider’s stock worth $380,000 after purchasing an additional 70 shares during the period. Capital Advisors Inc. OK raised its position in shares of Automatic Data Processing by 2.1% during the fourth quarter. Capital Advisors Inc. OK now owns 3,701 shares of the business services provider’s stock worth $485,000 after purchasing an additional 75 shares during the period. Sandy Spring Bank raised its position in shares of Automatic Data Processing by 0.3% during the fourth quarter. Sandy Spring Bank now owns 22,850 shares of the business services provider’s stock worth $2,996,000 after purchasing an additional 78 shares during the period. Cozad Asset Management Inc. raised its position in shares of Automatic Data Processing by 1.8% during the fourth quarter. Cozad Asset Management Inc. now owns 4,570 shares of the business services provider’s stock worth $599,000 after purchasing an additional 81 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its position in shares of Automatic Data Processing by 1.9% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,517 shares of the business services provider’s stock worth $593,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 83.57% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4147971/insider-selling-automatic-data-processing-adp-vp-sells-1614-shares-of-stock.html.Automatic Data Processing Company Profile
Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.
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