Deborah L. Dyson Sells 600 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP) Stock

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Automatic Data Processing, Inc. (NASDAQ:ADP) VP Deborah L. Dyson sold 600 shares of the company’s stock in a transaction that occurred on Monday, January 11th. The stock was sold at an average price of $170.93, for a total value of $102,558.00. Following the sale, the vice president now directly owns 24,786 shares of the company’s stock, valued at approximately $4,236,670.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Automatic Data Processing stock opened at $164.66 on Thursday. The business has a 50 day moving average price of $174.09 and a two-hundred day moving average price of $153.43. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.34. Automatic Data Processing, Inc. has a 12 month low of $103.11 and a 12 month high of $182.32. The stock has a market cap of $70.61 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 2.53 and a beta of 0.70.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, October 28th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.44. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Automatic Data Processing had a return on equity of 46.13% and a net margin of 17.07%. During the same period in the previous year, the business posted $1.34 earnings per share. On average, analysts expect that Automatic Data Processing, Inc. will post 5.64 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 1st. Stockholders of record on Friday, March 12th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.26%. Automatic Data Processing’s dividend payout ratio is 62.84%.

Large investors have recently added to or reduced their stakes in the company. Bainco International Investors acquired a new stake in shares of Automatic Data Processing during the 4th quarter valued at about $34,000. Glassman Wealth Services raised its position in Automatic Data Processing by 67.8% in the third quarter. Glassman Wealth Services now owns 198 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. Advisory Alpha LLC bought a new position in Automatic Data Processing during the third quarter worth about $29,000. Sun Life Financial INC acquired a new stake in Automatic Data Processing during the third quarter valued at approximately $36,000. Finally, ELM Advisors LLC bought a new stake in shares of Automatic Data Processing in the 4th quarter valued at approximately $48,000. 79.65% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on ADP. Evercore ISI cut shares of Automatic Data Processing from an “outperform” rating to an “underperform” rating and reduced their price objective for the stock from $197.00 to $143.00 in a research note on Tuesday. Credit Suisse Group boosted their target price on shares of Automatic Data Processing from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, November 9th. Cowen cut shares of Automatic Data Processing from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $150.00 to $143.00 in a report on Monday, September 21st. Zacks Investment Research upgraded Automatic Data Processing from a “sell” rating to a “hold” rating and set a $146.00 price objective on the stock in a research note on Wednesday, September 30th. Finally, Wells Fargo & Company assumed coverage on Automatic Data Processing in a research note on Friday, December 18th. They set an “overweight” rating and a $200.00 target price for the company. 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 stock. The stock presently has an average rating of “Hold” and an average price target of $158.00.

Automatic Data Processing Company Profile

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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