Automatic Data Processing (ADP) Receiving Somewhat Critical Press Coverage, Study Finds

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Press coverage about Automatic Data Processing (NASDAQ:ADP) has trended somewhat negative on Thursday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Automatic Data Processing earned a media sentiment score of -1.69 on their scale. InfoTrie also assigned news headlines about the business services provider an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Automatic Data Processing’s ranking:

A number of analysts have commented on the stock. Zacks Investment Research cut shares of Automatic Data Processing from a “buy” rating to a “sell” rating in a research report on Wednesday, January 2nd. Barclays assumed coverage on shares of Automatic Data Processing in a report on Wednesday, November 14th. They set an “overweight” rating and a $168.00 price objective on the stock. Eight 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 company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $151.87.

Shares of NASDAQ ADP opened at $152.53 on Thursday. Automatic Data Processing has a 1-year low of $109.14 and a 1-year high of $154.55. The stock has a market cap of $66.73 billion, a PE ratio of 35.06, a P/E/G ratio of 2.24 and a beta of 0.91. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, January 30th. The business services provider reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.16. Automatic Data Processing had a net margin of 13.12% and a return on equity of 51.92%. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. Equities analysts anticipate that Automatic Data Processing will post 5.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be issued a $0.79 dividend. The ex-dividend date is Thursday, March 7th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.07%. Automatic Data Processing’s dividend payout ratio is presently 72.64%.

In related news, CEO Carlos A. Rodriguez sold 36,364 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $149.05, for a total value of $5,420,054.20. Following the sale, the chief executive officer now owns 148,842 shares in the company, valued at approximately $22,184,900.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jan Siegmund sold 36,403 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $145.02, for a total transaction of $5,279,163.06. Following the completion of the sale, the insider now owns 86,726 shares in the company, valued at approximately $12,577,004.52. The disclosure for this sale can be found here. Insiders sold a total of 120,111 shares of company stock worth $17,047,463 in the last 90 days. 0.33% of the stock is currently owned by company insiders.

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About Automatic Data Processing

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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