Automatic Data Processing, Inc. (NASDAQ:ADP) VP Sells $290,447.16 in Stock

Automatic Data Processing, Inc. (NASDAQ:ADP) VP David Foskett sold 1,004 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $289.29, for a total value of $290,447.16. Following the transaction, the vice president now directly owns 5,958 shares of the company’s stock, valued at approximately $1,723,589.82. This trade represents a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Automatic Data Processing Price Performance

Shares of Automatic Data Processing stock traded up $1.27 on Tuesday, reaching $288.40. The company’s stock had a trading volume of 1,448,071 shares, compared to its average volume of 1,249,797. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.56. Automatic Data Processing, Inc. has a 52-week low of $231.27 and a 52-week high of $309.63. The company has a market capitalization of $117.51 billion, a P/E ratio of 30.78, a PEG ratio of 3.50 and a beta of 0.79. The stock has a 50-day moving average price of $298.44 and a 200-day moving average price of $277.37.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.12. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.77 billion. Automatic Data Processing had a return on equity of 82.36% and a net margin of 19.72%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.08 earnings per share. Analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th were paid a $1.54 dividend. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Friday, December 13th. This represents a $6.16 annualized dividend and a dividend yield of 2.14%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 65.74%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Automatic Data Processing from $270.00 to $295.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Mizuho increased their price objective on Automatic Data Processing from $281.00 to $310.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Jefferies Financial Group increased their target price on shares of Automatic Data Processing from $260.00 to $290.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. TD Cowen increased their price target on shares of Automatic Data Processing from $276.00 to $285.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Citigroup increased their price target on Automatic Data Processing from $260.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and a consensus price target of $289.91.

Institutional Investors Weigh In On Automatic Data Processing

Several large investors have recently bought and sold shares of the stock. Private Advisor Group LLC boosted its stake in Automatic Data Processing by 1.3% in the second quarter. Private Advisor Group LLC now owns 21,259 shares of the business services provider’s stock valued at $5,074,000 after acquiring an additional 276 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Automatic Data Processing by 11.2% during the 2nd quarter. Savant Capital LLC now owns 9,543 shares of the business services provider’s stock worth $2,278,000 after purchasing an additional 963 shares during the last quarter. Custom Index Systems LLC acquired a new position in Automatic Data Processing in the second quarter valued at $405,000. Mount Lucas Management LP acquired a new position in Automatic Data Processing in the second quarter valued at $320,000. Finally, Trium Capital LLP purchased a new position in shares of Automatic Data Processing in the 2nd quarter valued at $1,672,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Company Profile

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