Automatic Data Processing (NASDAQ:ADP) VP David Kwon Sells 798 Shares of Stock

Automatic Data Processing, Inc. (NASDAQ:ADP) VP David Kwon sold 798 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $280.00, for a total transaction of $223,440.00. Following the completion of the sale, the vice president owned 13,193 shares of the company’s stock, valued at $3,694,040. The trade was a 5.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Kwon also recently made the following trade(s):

• On Thursday, July 30th, David Kwon sold 2,414 shares of Automatic Data Processing stock. The stock was sold at an average price of $265.62, for a total transaction of $641,206.68.

Automatic Data Processing Price Performance

Shares of ADP stock opened at $283.01 on Tuesday. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $307.80. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.82. The firm’s 50 day moving average is $250.86 and its 200-day moving average is $226.50. The firm has a market capitalization of $112.43 billion, a price-to-earnings ratio of 25.87 and a beta of 0.81.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. Automatic Data Processing had a net margin of 20.11% and a return on equity of 71.34%. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same quarter last year, the business posted $2.26 earnings per share. Automatic Data Processing’s revenue for the quarter was up 6.8% compared to the same quarter last year. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Sell-side analysts forecast that Automatic Data Processing, Inc. will post 12.26 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, September 11th. Automatic Data Processing’s dividend payout ratio (DPR) is 62.16%.

Institutional Trading of Automatic Data Processing

Several hedge funds have recently added to or reduced their stakes in ADP. Imprint Wealth LLC bought a new position in Automatic Data Processing during the third quarter worth about $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Automatic Data Processing in the fourth quarter worth about $26,000. Bard Associates Inc. acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth about $28,000. Whipplewood Advisors LLC lifted its holdings in shares of Automatic Data Processing by 2,740.0% during the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 137 shares in the last quarter. Finally, Prosperity Bancshares Inc bought a new position in shares of Automatic Data Processing during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADP. TD Cowen upped their price target on Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Guggenheim boosted their price objective on Automatic Data Processing from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Morgan Stanley upped their target price on shares of Automatic Data Processing from $240.00 to $286.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. UBS Group raised their target price on shares of Automatic Data Processing from $260.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Finally, Robert W. Baird lowered their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $273.50.

About Automatic Data Processing

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.