Adp, Llc (NASDAQ:ADP) – Equities research analysts at Wedbush issued their Q3 2018 earnings per share (EPS) estimates for shares of ADP in a report released on Wednesday, April 18th. Wedbush analyst M. Katri expects that the business services provider will post earnings of $1.46 per share for the quarter. Wedbush also issued estimates for ADP’s FY2018 earnings at $4.15 EPS.
Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus reduced their price target on shares of ADP from $133.00 to $126.00 and set a “hold” rating on the stock in a research note on Wednesday, April 4th. BMO Capital Markets dropped their price objective on shares of ADP from $122.00 to $121.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Barclays raised their price objective on shares of ADP from $121.00 to $128.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. BidaskClub upgraded shares of ADP from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research lowered shares of ADP from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. ADP has an average rating of “Hold” and an average price target of $120.00.
ADP (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, January 31st. The business services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. ADP had a net margin of 13.47% and a return on equity of 43.28%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same period last year, the company posted $0.87 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year.
Institutional investors have recently added to or reduced their stakes in the business. Legacy Advisors LLC bought a new stake in shares of ADP in the 4th quarter valued at $103,000. Truewealth LLC bought a new stake in shares of ADP in the 4th quarter valued at $104,000. Wealthcare Advisory Partners LLC bought a new stake in shares of ADP in the 3rd quarter valued at $114,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of ADP in the 4th quarter valued at $117,000. Finally, Calton & Associates Inc. bought a new stake in shares of ADP in the 4th quarter valued at $118,000. Hedge funds and other institutional investors own 78.52% of the company’s stock.
In other ADP news, VP Stuart Sackman sold 238 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $121.65, for a total transaction of $28,952.70. Following the completion of the transaction, the vice president now owns 18,676 shares in the company, valued at approximately $2,271,935.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Carlos A. Rodriguez sold 69,899 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $112.29, for a total transaction of $7,848,958.71. Following the transaction, the chief executive officer now owns 161,085 shares of the company’s stock, valued at approximately $18,088,234.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,375 shares of company stock valued at $11,824,073. Company insiders own 0.25% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 1st. Investors of record on Friday, June 8th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, June 7th. This is a positive change from ADP’s previous quarterly dividend of $0.63. ADP’s dividend payout ratio (DPR) is 68.11%.
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Automatic Data Processing, Inc provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) business process outsourcing and technology-enabled human capital management solutions.
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