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

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Automatic Data Processing in the last twelve months. There are currently 2 sell ratings, 2 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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6 Wall Street analysts have issued 1-year price targets for Automatic Data Processing's stock. Their ADP share price forecasts range from $211.00 to $275.00. On average, they anticipate the company's stock price to reach $237.25 in the next twelve months. This suggests a possible upside of 9.6% 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 9.4% and is now trading at $216.52.
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Automatic Data Processing saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,150,000 shares, an increase of 19.8% from the April 30th total of 4,300,000 shares. Based on an average daily volume of 1,820,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.3% of the company's stock are short sold.
View Automatic Data Processing's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our ADP earnings forecast.

Automatic Data Processing, Inc. (NASDAQ:ADP) announced its earnings results on Wednesday, April, 26th. The business services provider reported $2.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.42 by $0.10. The business services provider had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.88 billion. Automatic Data Processing had a net margin of 18.46% and a trailing twelve-month return on equity of 104.60%. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.21 earnings per share.
Read the conference call transcript.

Automatic Data Processing declared a quarterly dividend on Wednesday, April 12th. Shareholders of record on Friday, June 9th will be paid a dividend of $1.25 per share on Saturday, July 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, June 8th.
Read our dividend analysis for ADP.

ETFs with the largest weight of Automatic Data Processing (NASDAQ:ADP) stock in their portfolio include ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), Emerge EMPWR Sustainable Global Core Equity ETF (EMZA), BTD Capital Fund (DIP), Formidable Fortress ETF (KONG), Industrial Select Sector SPDR Fund (XLI), Schwab US Dividend Equity ETF (SCHD), First Trust Horizon Managed Volatility Domestic ETF (HUSV) 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 2.39%. 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 63.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ADP will have a dividend payout ratio of 55.68% 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 updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $8.13-$8.20 for the period, compared to the consensus estimate of $8.13. The company issued revenue guidance of $17.82 billion-$17.98 billion, compared to the consensus revenue estimate of $17.91 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 BlackRock Inc. (8.30%), State Street Corp (4.27%), Bank of New York Mellon Corp (2.28%), Geode Capital Management LLC (2.18%), Charles Schwab Investment Management Inc. (1.96%) and Wellington Management Group LLP (1.25%). 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, Donald Weinstein, James T Sperduto, Joseph Desilva, Laura G Brown, 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 $216.52.

Automatic Data Processing (NASDAQ:ADP) has a market capitalization of $89.45 billion and generates $16.50 billion in revenue each year. The business services provider earns $2.95 billion in net income (profit) each year or $7.83 on an earnings per share basis.

The company employs 60,000 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.