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 Price Performance

Shares of Automatic Data Processing stock opened at $260.94 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.93. Automatic Data Processing has a twelve month low of $192.26 and a twelve month high of $261.59. The business has a 50-day moving average price of $224.65 and a 200 day moving average price of $219.01. The firm has a market cap of $108.43 billion, a PE ratio of 37.22, a P/E/G ratio of 2.70 and a beta of 0.84.

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

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 9th will be paid a dividend of $1.04 per share. The ex-dividend date is Thursday, September 8th. This represents a $4.16 annualized dividend and a yield of 1.59%. Automatic Data Processing's dividend payout ratio (DPR) is currently 59.34%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ADP shares. Wolfe Research cut their price target on Automatic Data Processing from $235.00 to $210.00 in a report on Wednesday, July 20th. Cowen raised their price objective on Automatic Data Processing from $225.00 to $230.00 in a research report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft raised their price objective on Automatic Data Processing from $203.00 to $234.00 in a research report on Thursday, April 28th. Morgan Stanley raised their price objective on Automatic Data Processing from $235.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 28th. Finally, Mizuho raised their price objective 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. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $235.92.

Insiders Place Their Bets

In other Automatic Data Processing news, 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 sale, the vice president now directly owns 41,035 shares in the company, valued at approximately $10,258,750. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Automatic Data Processing news, 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 sale, the vice president now directly owns 41,035 shares in the company, valued at approximately $10,258,750. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Augusto J. Blanchard sold 567 shares of the company's stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $210.64, for a total value of $119,432.88. Following the completion of the sale, the vice president now owns 4,238 shares of the company's stock, valued at $892,692.32. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.