Automatic Data Processing (NASDAQ:ADP) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, February 3rd. Analysts expect the company to announce earnings of $0.72 per share for the quarter.
Several equities analysts have recently issued reports on the stock. Argus upped their price objective on shares of Automatic Data Processing from $92.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. BMO Capital Markets upped their price objective on shares of Automatic Data Processing to $94.00 and gave the company a “market perform” rating in a report on Thursday, October 29th. Sterne Agee CRT assumed coverage on shares of Automatic Data Processing in a report on Thursday, December 17th. They set a “neutral” rating and a $90.00 price objective on the stock. Zacks Investment Research downgraded shares of Automatic Data Processing from a “hold” rating to a “sell” rating in a report on Monday, January 25th. Finally, Topeka Capital Markets reiterated a “sell” rating on shares of Automatic Data Processing in a report on Thursday, October 29th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $87.50.
Shares of Automatic Data Processing (NASDAQ:ADP) opened at 82.97 on Tuesday. The stock has a market capitalization of $38.27 billion and a PE ratio of 26.31. Automatic Data Processing has a 52 week low of $64.29 and a 52 week high of $90.67. The company’s 50 day moving average is $82.10 and its 200-day moving average is $82.80.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 1st. Shareholders of record on Friday, March 11th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Wednesday, March 9th.
In other Automatic Data Processing news, VP Brock Albinson sold 1,367 shares of the firm’s stock in a transaction on Tuesday, January 26th. The stock was sold at an average price of $80.33, for a total value of $109,811.11. Following the transaction, the vice president now owns 5,053 shares in the company, valued at approximately $405,907.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Ayala sold 8,140 shares of the firm’s stock in a transaction on Monday, January 4th. The shares were sold at an average price of $82.93, for a total value of $675,050.20. Following the completion of the transaction, the vice president now owns 11,285 shares in the company, valued at approximately $935,865.05. The disclosure for this sale can be found here.
Automatic Data Processing, Inc. (NASDAQ:ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions. These offerings include payroll services, benefits administration, recruiting and talent management, human resources management, insurance services, retirement services and payment and compliance solutions. The Company’s PEO business, ADP TotalSource, offers small and mid-sized businesses human resources (HR) outsourcing solution through a co-employment model. ADP TotalSource includes HR management and employee benefits functions, including HR administration, employee benefits and employer liability management, into a single-source solution, including HR administration, employee benefits and employer liability management.
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