Automatic Data Processing Stock Forecast, Price & News

Automatic Data Processing's stock was trading at $148.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ADP shares have increased by 17.6% and is now trading at $174.08.
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17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Automatic Data Processing in the last year. There are currently 3 sell ratings, 11 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Automatic Data Processing.

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Automatic Data Processing is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Automatic Data Processing.

Automatic Data Processing, Inc. (NASDAQ:ADP) announced its earnings results on Wednesday, October, 28th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.44. The business services provider had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.29 billion. Automatic Data Processing had a net margin of 17.07% and a return on equity of 46.13%. During the same period in the previous year, the company posted $1.34 earnings per share.
View Automatic Data Processing's earnings history.

Automatic Data Processing announced a quarterly dividend on Wednesday, November 11th. Shareholders of record on Friday, December 11th will be paid a dividend of $0.93 per share on Friday, January 1st. This represents a $3.72 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, December 10th. This is a positive change from Automatic Data Processing's previous quarterly dividend of $0.91.
View Automatic Data Processing's dividend history.

Automatic Data Processing declared that its Board of Directors has initiated a stock repurchase program on Tuesday, November 12th 2019, which allows the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 6.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

Automatic Data Processing issued an update on its FY21 earnings guidance on Wednesday, October, 28th. The company provided earnings per share (EPS) guidance of $5.51-5.74 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.00. The company issued revenue guidance of $14.44-14.74 billion, compared to the consensus revenue estimate of $14.16 billion.

17 Wall Street analysts have issued 1-year target prices for Automatic Data Processing's shares. Their forecasts range from $132.00 to $212.00. On average, they expect Automatic Data Processing's share price to reach $161.00 in the next twelve months. This suggests that the stock has a possible downside of 7.5%.
View analysts' price targets for Automatic Data Processing.

Automatic Data Processing saw a drop in short interest in the month of October. As of October 30th, there was short interest totaling 4,540,000 shares, a drop of 16.5% from the October 15th total of 5,440,000 shares. Based on an average daily trading volume, of 2,100,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.1% of the company's stock are short sold.
View Automatic Data Processing's Short Interest.

Some companies that are related to Automatic Data Processing include Visa (V), Mastercard (MA), Fidelity National Information Services (FIS), Fiserv (FISV), Global Payments (GPN), Paychex (PAYX), FLEETCOR Technologies (FLT), Broadridge Financial Solutions (BR), Jack Henry & Associates (JKHY), The Western Union (WU), WEX (WEX), Genpact (G), Euronet Worldwide (EEFT), CoreLogic (CLGX) and Maximus (MMS).
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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), The Procter & Gamble (PG), AT&T (T), AbbVie (ABBV), McDonald's (MCD), Walmart (WMT) and The 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 investors include BlackRock Inc. (7.22%), State Street Corp (4.35%), Morgan Stanley (3.16%), JPMorgan Chase & Co. (1.59%), UBS Asset Management Americas Inc. (0.63%) and California Public Employees Retirement System (0.56%). Company insiders that own Automatic Data Processing stock include Brian L Michaud, Brock Albinson, Carlos A Rodriguez, Deborah L Dyson, Dermot J O'brien, Don Mcguire, Donald Weinstein, Douglas W Politi, Jan Siegmund, John Ayala, John P Jones III, Joseph Desilva, Maria Black and Stuart Sackman.
View institutional ownership trends for Automatic Data Processing.

ADP stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., CIBC Private Wealth Group LLC, BlackRock Inc., DSM Capital Partners LLC, State Street Corp, Thrivent Financial for Lutherans, Allianz Asset Management GmbH, and State of Michigan Retirement System. Company insiders that have sold Automatic Data Processing company stock in the last year include Brian L Michaud, Carlos A Rodriguez, Deborah L Dyson, Don Mcguire, Donald Weinstein, John Ayala, and Joseph Desilva.
View insider buying and selling activity for Automatic Data Processing.

ADP stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, Coho Partners Ltd., Arrowstreet Capital Limited Partnership, Voloridge Investment Management LLC, Jensen Investment Management Inc., Samlyn Capital LLC, KAMES CAPITAL plc, and AQR Capital Management LLC.
View insider buying and selling activity for Automatic Data Processing.

Shares of ADP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ADP stock can currently be purchased for approximately $174.08.

Automatic Data Processing has a market capitalization of $74.65 billion and generates $14.59 billion in revenue each year. The business services provider earns $2.47 billion in net income (profit) each year or $5.92 on an earnings per share basis. Automatic Data Processing employs 58,000 workers across the globe.

The official website for Automatic Data Processing is www.adp.com.

Automatic Data Processing's mailing address is ONE ADP BOULVARD, ROSELAND NJ, 07068. The business services provider can be reached via phone at 973-974-5000 or via email at [email protected]