Automatic Data Processing (ADP) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Automatic Data Processing in the last year. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ADP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ADP, but not buy additional shares or sell existing shares.
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7 Wall Street research analysts have issued twelve-month price targets for Automatic Data Processing's shares. Their ADP share price forecasts range from $211.00 to $285.00. On average, they predict the company's share price to reach $250.62 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price.
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Automatic Data Processing's stock was trading at $238.86 at the start of the year. Since then, ADP shares have decreased by 0.1% and is now trading at $238.72.
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Automatic Data Processing saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,990,000 shares, a decline of 9.9% from the August 15th total of 4,430,000 shares. Based on an average trading volume of 1,560,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.0% of the shares of the company are short sold.
View Automatic Data Processing's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our ADP earnings forecast.

Automatic Data Processing, Inc. (NASDAQ:ADP) announced its earnings results on Wednesday, July, 26th. The business services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.83 by $0.06. The business services provider had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.39 billion. Automatic Data Processing had a net margin of 18.94% and a trailing twelve-month return on equity of 107.15%. The company's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.50 earnings per share.
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Automatic Data Processing announced a quarterly dividend on Thursday, August 3rd. Investors of record on Friday, September 8th will be paid a dividend of $1.25 per share on Sunday, October 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, September 7th.
Read our dividend analysis for ADP.

ETFs with the largest weight of Automatic Data Processing (NASDAQ:ADP) stock in their portfolio include Emerge EMPWR Sustainable Global Core Equity ETF (EMZA), Formidable Fortress ETF (KONG), Schwab US Dividend Equity ETF (SCHD), Industrial Select Sector SPDR Fund (XLI), Fidelity MSCI Industrials Index ETF (FIDU), Simplify Market Neutral Equity Long/Short ETF (EQLS), Adasina Social Justice All Cap Global ETF (JSTC) and ProShares Ultra Industrials (UXI).

Automatic Data Processing (NASDAQ:ADP) pays an annual dividend of $5.00 per share and currently has a dividend yield of 2.05%. The company has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 60.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ADP will have a dividend payout ratio of 49.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ADP.

Automatic Data Processing issued an update on its FY 2024 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $9.05-$9.22 for the period, compared to the consensus EPS estimate of $8.92. The company issued revenue guidance of $19.09 billion-$19.27 billion, compared to the consensus revenue estimate of $18.97 billion.

5,336 employees have rated Automatic Data Processing Chief Executive Officer Carlos A. Rodriguez on Glassdoor.com. Carlos A. Rodriguez has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Automatic Data Processing investors own include Johnson & Johnson (JNJ), Cisco Systems (CSCO), Intel (INTC), Verizon Communications (VZ), Procter & Gamble (PG), AT&T (T), AbbVie (ABBV), McDonald's (MCD), Walmart (WMT) and Home Depot (HD).

Automatic Data Processing trades on the NASDAQ under the ticker symbol "ADP."

Automatic Data Processing's stock is owned by many different retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (10.83%), BlackRock Inc. (8.22%), State Street Corp (4.36%), Geode Capital Management LLC (2.26%), Bank of New York Mellon Corp (2.23%) and Alliancebernstein L.P. (2.10%). Insiders that own company stock include Alexander Quevedo, Augusto J Blanchard, Brian L Michaud, Brock Albinson, Carlos A Rodriguez, Christopher D'ambrosio, Deborah L Dyson, Deborah L Dyson, Don Mcguire, Donald Weinstein, James T Sperduto, John Ayala, Joseph Desilva, Laura G Brown, Maria Black, Michael A Bonarti, Sreenivasa Kutam and Stuart Sackman.
View institutional ownership trends.

Shares of ADP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ADP stock can currently be purchased for approximately $238.72.

Automatic Data Processing (NASDAQ:ADP) has a market capitalization of $98.35 billion and generates $18.01 billion in revenue each year. The business services provider earns $3.41 billion in net income (profit) each year or $8.20 on an earnings per share basis.

The company employs 63,000 workers across the globe.

Automatic Data Processing's mailing address is ONE ADP BOULVARD, ROSELAND NJ, 07068. The official website for the company is www.adp.com. The business services provider can be reached via phone at (973) 974-5000, via email at investor.mail@adp.com, or via fax at 973-974-5390.