Automatic Data Processing, Inc. Plans Quarterly Dividend of $0.93 (NASDAQ:ADP)


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Automatic Data Processing, Inc. (NASDAQ:ADP) declared a quarterly dividend on Wednesday, January 13th, RTT News reports. Stockholders of record on Friday, March 12th will be given a dividend of 0.93 per share by the business services provider on Thursday, April 1st. This represents a $3.72 annualized dividend and a dividend yield of 2.26%.

Automatic Data Processing has raised its dividend payment by 56.4% over the last three years and has increased its dividend annually for the last 47 consecutive years.

Shares of ADP opened at $164.66 on Thursday. The business’s fifty day moving average price is $174.09 and its 200 day moving average price is $153.43. Automatic Data Processing has a 12-month low of $103.11 and a 12-month high of $182.32. The stock has a market capitalization of $70.61 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 2.53 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 1.08.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, October 28th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.44. Automatic Data Processing had a return on equity of 46.13% and a net margin of 17.07%. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the business posted $1.34 earnings per share. As a group, research analysts anticipate that Automatic Data Processing will post 5.64 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on ADP. Credit Suisse Group increased their target price on Automatic Data Processing from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, November 9th. Wells Fargo & Company assumed coverage on Automatic Data Processing in a research report on Friday, December 18th. They issued an “overweight” rating and a $200.00 price objective for the company. Morgan Stanley boosted their price objective on Automatic Data Processing from $147.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, October 29th. BidaskClub lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 5th. Finally, Jefferies Financial Group upped their price target on shares of Automatic Data Processing from $135.00 to $168.00 and gave the company a “hold” rating in a research report on Wednesday, October 28th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $158.00.

In other news, CEO Carlos A. Rodriguez sold 36,937 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $160.76, for a total value of $5,937,992.12. Following the transaction, the chief executive officer now directly owns 128,578 shares of the company’s stock, valued at $20,670,199.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Carlos A. Rodriguez sold 37,593 shares of the firm’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $172.00, for a total transaction of $6,465,996.00. Insiders sold 77,731 shares of company stock worth $12,957,058 in the last quarter. Company insiders own 0.34% of the company’s stock.

About Automatic Data Processing

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates through 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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Dividend History for Automatic Data Processing (NASDAQ:ADP)

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