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 ADP opened at $260.69 on Thursday. The business has a 50-day simple moving average of $223.74 and a two-hundred day simple moving average of $218.63. 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 12-month low of $192.26 and a 12-month high of $261.54. The stock has a market cap of $108.32 billion, a PE ratio of 37.19, a PEG ratio of 2.70 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP - Get Rating) last announced its earnings results on Wednesday, July 27th. The business services provider reported $1.50 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company earned $1.20 EPS. Automatic Data Processing's revenue for the quarter was up 10.5% compared to the same quarter last year. Analysts anticipate that Automatic Data Processing will post 8.04 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays raised their target price on shares of Automatic Data Processing to $280.00 in a research note on Tuesday, August 9th. Cowen lifted their target price on Automatic Data Processing from $225.00 to $230.00 in a research note on Thursday, July 28th. Cowen increased their price target on Automatic Data Processing from $225.00 to $230.00 in a research note on Thursday, July 28th. Citigroup lifted their price objective on shares of Automatic Data Processing from $212.00 to $230.00 in a research report on Monday, May 2nd. Finally, Morgan Stanley increased their price objective on shares of Automatic Data Processing from $235.00 to $245.00 and gave the company an "equal weight" rating in a research report on Thursday, July 28th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Automatic Data Processing has a consensus rating of "Hold" and a consensus target price of $235.92.

Insider Activity at Automatic Data Processing

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