Automatic Data Processing Stock Price, News & Analysis (NASDAQ:ADP)

7 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, 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 brokers have issued 1-year price targets for Automatic Data Processing's stock. Their ADP share price targets range from $211.00 to $280.00. On average, they predict the company's stock price to reach $248.42 in the next year. This suggests a possible upside of 8.5% from the stock's current price.
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Automatic Data Processing's stock was trading at $238.86 on January 1st, 2023. Since then, ADP stock has decreased by 4.2% and is now trading at $228.91.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our ADP earnings forecast.

Automatic Data Processing, Inc. (NASDAQ:ADP) announced its quarterly earnings results on Wednesday, October, 25th. The business services provider reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.05. The business services provider earned $4.51 billion during the quarter, compared to analysts' expectations of $4.52 billion. Automatic Data Processing had a trailing twelve-month return on equity of 102.59% and a net margin of 19.07%.

Automatic Data Processing declared a quarterly dividend on Wednesday, November 8th. Investors of record on Friday, December 8th will be given a dividend of $1.40 per share on Monday, January 1st. This represents a $5.60 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, December 7th. This is a positive change from the stock's previous quarterly dividend of $1.25.
Read our dividend analysis for ADP.

Automatic Data Processing (NASDAQ:ADP) pays an annual dividend of $5.00 per share and currently has a dividend yield of 2.18%. 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 59.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ADP will have a dividend payout ratio of 50.10% next year. This indicates that the company will be able to sustain or increase its dividend.
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 issued an update on its FY24 earnings guidance on Wednesday, October, 25th. The company provided earnings per share guidance of $9.05-9.22 for the period, compared to the consensus earnings per share estimate of $9.14. The company issued revenue guidance of $19.09-19.27 billion, compared to the consensus revenue estimate of $19.19 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's stock is owned by a variety of institutional and retail investors. Top institutional investors include Morgan Stanley (2.63%), Bank of New York Mellon Corp (2.19%), Charles Schwab Investment Management Inc. (2.11%), Northern Trust Corp (1.44%), Ameriprise Financial Inc. (0.87%) and Invesco Ltd. (0.76%). Insiders that own company stock include Alexander Quevedo, Augusto J Blanchard, 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.
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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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