Automatic Data Processing, Inc. (NASDAQ:ADP) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Automatic Data Processing, Inc. (NASDAQ:ADPGet Free Report) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $253.17.

A number of equities analysts have issued reports on the company. Bank of America raised Automatic Data Processing from an “underperform” rating to a “neutral” rating and upped their target price for the company from $217.00 to $243.00 in a research report on Wednesday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $267.00 target price on shares of Automatic Data Processing in a research report on Thursday. Morgan Stanley dropped their price target on Automatic Data Processing from $260.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. Stifel Nicolaus reissued a “hold” rating and set a $250.00 price target on shares of Automatic Data Processing in a research report on Thursday, November 30th. Finally, StockNews.com lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Friday, January 5th.

Get Our Latest Report on ADP

Insider Transactions at Automatic Data Processing

In other news, VP John Ayala sold 1,500 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $235.13, for a total value of $352,695.00. Following the completion of the transaction, the vice president now owns 19,183 shares of the company’s stock, valued at $4,510,498.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

Institutional Trading of Automatic Data Processing

Institutional investors have recently modified their holdings of the company. Ardent Capital Management Inc. acquired a new stake in shares of Automatic Data Processing in the third quarter valued at $392,000. Americana Partners LLC lifted its holdings in shares of Automatic Data Processing by 3.1% during the third quarter. Americana Partners LLC now owns 22,228 shares of the business services provider’s stock valued at $5,330,000 after purchasing an additional 660 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Automatic Data Processing by 4.9% during the second quarter. ProShare Advisors LLC now owns 1,178,054 shares of the business services provider’s stock valued at $258,924,000 after purchasing an additional 55,156 shares during the last quarter. Wayfinding Financial LLC lifted its holdings in shares of Automatic Data Processing by 6.4% during the third quarter. Wayfinding Financial LLC now owns 2,907 shares of the business services provider’s stock valued at $695,000 after purchasing an additional 174 shares during the last quarter. Finally, GSB Wealth Management LLC lifted its holdings in shares of Automatic Data Processing by 16.3% during the second quarter. GSB Wealth Management LLC now owns 6,256 shares of the business services provider’s stock valued at $1,375,000 after purchasing an additional 877 shares during the last quarter. Institutional investors and hedge funds own 79.37% of the company’s stock.

Automatic Data Processing Trading Up 0.7 %

Automatic Data Processing stock opened at $248.81 on Monday. The stock has a 50-day moving average price of $234.86 and a 200 day moving average price of $239.26. The stock has a market cap of $102.34 billion, a PE ratio of 28.97, a P/E/G ratio of 2.32 and a beta of 0.80. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.69. Automatic Data Processing has a 52 week low of $201.46 and a 52 week high of $256.84.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last announced its earnings results on Wednesday, January 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Automatic Data Processing had a return on equity of 95.22% and a net margin of 19.14%. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period in the prior year, the company posted $1.96 EPS. Automatic Data Processing’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts predict that Automatic Data Processing will post 9.14 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 8th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $5.60 annualized dividend and a dividend yield of 2.25%. Automatic Data Processing’s payout ratio is 65.19%.

About Automatic Data Processing

(Get Free Report

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.

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Analyst Recommendations for Automatic Data Processing (NASDAQ:ADP)

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