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 stock has increased by 18.0% and is now trading at $174.67.
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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."
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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) posted its quarterly earnings data on Wednesday, October, 28th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.44. The business services provider had revenue of $3.47 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $1.34 EPS.
View Automatic Data Processing's earnings history.

Automatic Data Processing declared a quarterly dividend on Wednesday, November 11th. Stockholders 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 yield of 2.13%. The ex-dividend date 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 announced that its board has authorized a share buyback plan on Tuesday, November 12th 2019, which allows the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Automatic Data Processing updated its FY21 earnings guidance on Wednesday, October, 28th. The company provided earnings per share 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 analysts have issued 12-month price targets for Automatic Data Processing's shares. Their forecasts range from $132.00 to $212.00. On average, they anticipate 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 7.8%.
View analysts' price targets for Automatic Data Processing.

Automatic Data Processing saw a drop in short interest during 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 volume of 2,100,000 shares, the short-interest ratio is presently 2.2 days. Currently, 1.1% of the shares of the company 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 number of retail and institutional investors. Top institutional shareholders 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 purchased 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 $174.67.

Automatic Data Processing has a market capitalization of $74.90 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]