Automatic Data Processing (NASDAQ:ADP) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $155.88 and last traded at $155.34, with a volume of 1754481 shares trading hands. The stock had previously closed at $154.02.
Separately, Zacks Investment Research lowered Automatic Data Processing from a “buy” rating to a “sell” rating in a report on Wednesday, January 2nd. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $151.87.
The stock has a market capitalization of $67.36 billion, a PE ratio of 35.71, a P/E/G ratio of 2.26 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05.
Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, January 30th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.16. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.43 billion. Automatic Data Processing had a return on equity of 51.92% and a net margin of 13.12%. Automatic Data Processing’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 earnings per share. On average, analysts expect that Automatic Data Processing will post 5.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 8th will be given a $0.79 dividend. The ex-dividend date is Thursday, March 7th. This represents a $3.16 annualized dividend and a dividend yield of 2.03%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 72.64%.
In other news, VP Stuart Sackman sold 1,478 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $155.13, for a total value of $229,282.14. Following the transaction, the vice president now owns 24,122 shares in the company, valued at $3,742,045.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Maria Black sold 1,614 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $146.61, for a total value of $236,628.54. Following the completion of the transaction, the vice president now owns 17,691 shares in the company, valued at approximately $2,593,677.51. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,589 shares of company stock worth $17,276,746. Company insiders own 0.33% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Automatic Data Processing by 1.2% during the third quarter. Vanguard Group Inc. now owns 36,946,069 shares of the business services provider’s stock worth $5,566,295,000 after buying an additional 425,007 shares during the period. Vanguard Group Inc lifted its stake in Automatic Data Processing by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 36,946,069 shares of the business services provider’s stock valued at $5,566,295,000 after buying an additional 425,007 shares in the last quarter. BlackRock Inc. lifted its stake in Automatic Data Processing by 5.4% in the 4th quarter. BlackRock Inc. now owns 30,996,337 shares of the business services provider’s stock valued at $4,064,239,000 after buying an additional 1,587,214 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Automatic Data Processing by 18,918.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,462,482 shares of the business services provider’s stock valued at $179,000 after buying an additional 23,339,116 shares in the last quarter. Finally, Lunia Capital LP lifted its stake in Automatic Data Processing by 14,251.9% in the 4th quarter. Lunia Capital LP now owns 18,367,683 shares of the business services provider’s stock valued at $18,368,000 after buying an additional 18,239,702 shares in the last quarter. Institutional investors and hedge funds own 80.79% of the company’s stock.
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Automatic Data Processing Company Profile (NASDAQ:ADP)
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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