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 4 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 brokerages have issued 1-year price targets for Automatic Data Processing's stock. Their ADP share price forecasts range from $210.00 to $280.00. On average, they expect the company's stock price to reach $242.27 in the next twelve months. This suggests that the stock has a possible downside of 8.3%.
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Automatic Data Processing's stock was trading at $246.58 at the beginning of the year. Since then, ADP shares have increased by 7.1% and is now trading at $264.14.
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Automatic Data Processing saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 6,500,000 shares, an increase of 12.3% from the October 31st total of 5,790,000 shares. Based on an average daily volume of 1,770,000 shares, the short-interest ratio is presently 3.7 days.
View Automatic Data Processing's Short Interest.

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

Automatic Data Processing, Inc. (NASDAQ:ADP) posted its earnings results on Wednesday, October, 26th. The business services provider reported $1.86 EPS for the quarter, beating the consensus estimate of $1.78 by $0.08. The business services provider had revenue of $4.22 billion for the quarter, compared to analysts' expectations of $4.16 billion. Automatic Data Processing had a trailing twelve-month return on equity of 80.50% and a net margin of 17.93%. The company's revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.65 EPS.
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Automatic Data Processing declared a quarterly dividend on Wednesday, November 9th. Investors of record on Friday, December 9th will be given a dividend of $1.25 per share on Sunday, January 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, December 8th. This is an increase from the stock's previous quarterly dividend of $1.04.
Read our dividend analysis for ADP.

Automatic Data Processing (NASDAQ:ADP) pays an annual dividend of $4.16 per share and currently has a dividend yield of 1.62%. The company has been increasing its dividend for 47 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ADP will have a dividend payout ratio of 45.76% 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 2023 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share (EPS) guidance of $8.06-$8.20 for the period, compared to the consensus estimate of $8.03. The company issued revenue guidance of $17.82 billion-$17.98 billion, compared to the consensus revenue estimate of $17.87 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.53%), BlackRock Inc. (8.16%), State Street Corp (4.35%), Bank of New York Mellon Corp (2.64%), Alliancebernstein L.P. (2.23%) and UBS Asset Management Americas Inc. (0.73%). 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, 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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One share of ADP stock can currently be purchased for approximately $264.14.

Automatic Data Processing (NASDAQ:ADP) has a market capitalization of $109.57 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 $7.23 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 (833) 800-0380, via email at investor.mail@adp.com, or via fax at 973-974-5390.