Automatic Data Processing - ADP Stock Forecast, Price & News

Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions. Its offerings include payroll, benefits administration, talent management, HR management, workforce management, insurance, retirement, and compliance services. The PEO Services segment provides HR outsourcing solutions to small and mid-sized businesses through a co-employment model. This segment offers benefits package, protection and compliance, talent engagement, comprehensive outsourcing, and recruitment process outsourcing services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.

Automatic Data Processing Stock Up 1.1 %

Shares of NASDAQ:ADP opened at $259.71 on Tuesday. The firm has a fifty day simple moving average of $222.17 and a two-hundred day simple moving average of $218.04. Automatic Data Processing has a 12 month low of $192.26 and a 12 month high of $259.92. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $107.91 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 2.66 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP - Get Rating) last released its earnings results on Wednesday, July 27th. The business services provider reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.03. The company had revenue of $4.13 billion during the quarter, compared to analysts' expectations of $4.05 billion. Automatic Data Processing had a return on equity of 66.25% and a net margin of 17.87%. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. Equities analysts expect that Automatic Data Processing will post 8.04 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Friday, September 9th will be paid a $1.04 dividend. The ex-dividend date is Thursday, September 8th. This represents a $4.16 annualized dividend and a dividend yield of 1.60%. Automatic Data Processing's payout ratio is 59.34%.

Wall Street Analysts Forecast Growth

ADP has been the subject of a number of research reports. Citigroup boosted their price target on shares of Automatic Data Processing from $212.00 to $230.00 in a research note on Monday, May 2nd. Wolfe Research lowered their price target on Automatic Data Processing from $235.00 to $210.00 in a research report on Wednesday, July 20th. Barclays increased their price objective on Automatic Data Processing to $280.00 in a research report on Tuesday, August 9th. Mizuho boosted their target price on Automatic Data Processing from $250.00 to $257.00 and gave the stock a "buy" rating in a research report on Monday, August 1st. Finally, Cowen lifted their price target on shares of Automatic Data Processing from $225.00 to $230.00 in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Automatic Data Processing presently has a consensus rating of "Hold" and an average price target of $233.73.

Insider Activity at Automatic Data Processing

In related news, VP Augusto J. Blanchard sold 567 shares of the company's stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $210.64, for a total value of $119,432.88. Following the sale, the vice president now owns 4,238 shares in the company, valued at approximately $892,692.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Augusto J. Blanchard sold 567 shares of the stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $210.64, for a total transaction of $119,432.88. Following the sale, the vice president now owns 4,238 shares in the company, valued at $892,692.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Donald Weinstein sold 10,150 shares of the business's stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $250.00, for a total transaction of $2,537,500.00. Following the completion of the transaction, the vice president now owns 41,035 shares of the company's stock, valued at $10,258,750. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.