Automatic Data Processing Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Automatic Data Processing in the last twelve months. There are currently 3 sell ratings, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Automatic Data Processing stock. 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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Wall Street analysts have given Automatic Data Processing a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Automatic Data Processing wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Automatic Data Processing saw a increase in short interest during the month of May. As of May 14th, there was short interest totaling 4,810,000 shares, an increase of 27.6% from the April 29th total of 3,770,000 shares. Based on an average trading volume of 1,920,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.1% of the company's stock are short sold.
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Automatic Data Processing is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
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Automatic Data Processing will be holding an earnings conference call on Wednesday, July 28th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Automatic Data Processing, Inc. (NASDAQ:ADP) issued its quarterly earnings results on Tuesday, April, 27th. The business services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.07. The business services provider earned $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. Automatic Data Processing had a trailing twelve-month return on equity of 44.23% and a net margin of 16.88%. Automatic Data Processing's revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 earnings per share.
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Automatic Data Processing's stock was trading at $148.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ADP stock has increased by 31.9% and is now trading at $195.23.
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Automatic Data Processing announced a quarterly dividend on Wednesday, April 7th. Investors of record on Friday, June 11th will be given a dividend of $0.93 per share on Thursday, July 1st. This represents a $3.72 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Thursday, June 10th.
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Automatic Data Processing pays an annual dividend of $3.72 per share and currently has a dividend yield of 1.89%. Automatic Data Processing 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 of Automatic Data Processing is 62.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Automatic Data Processing will have a dividend payout ratio of 56.88% next year. This indicates that Automatic Data Processing will be able to sustain or increase its dividend.
View Automatic Data Processing's dividend history.

Automatic Data Processing announced that its board has authorized a stock buyback plan on Tuesday, November 12th 2019, which allows the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Automatic Data Processing issued an update on its FY 2021 earnings guidance on Wednesday, May, 5th. The company provided earnings per share guidance of 5.920-5.980 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.930. The company issued revenue guidance of $14.88 billion-$15.03 billion, compared to the consensus revenue estimate of $14.88 billion.

16 brokers have issued twelve-month target prices for Automatic Data Processing's stock. Their forecasts range from $142.00 to $220.00. On average, they expect Automatic Data Processing's share price to reach $179.93 in the next twelve months. This suggests that the stock has a possible downside of 7.8%.
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5,336 employees have rated Automatic Data Processing CEO Carlos A. Rodriguez on Glassdoor.com. Carlos A. Rodriguez has an approval rating of 90% among Automatic Data Processing's employees.

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (7.17%), Morgan Stanley (3.35%), Bank of New York Mellon Corp (3.12%), Alliancebernstein L.P. (2.69%), Geode Capital Management LLC (1.82%) and Northern Trust Corp (1.45%). 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, John Ayala, Joseph Desilva, Sreenivasa Kutam 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 D. E. Shaw & Co. Inc., Cibc World Markets Corp, Arrowstreet Capital Limited Partnership, Sumitomo Mitsui Trust Holdings Inc., Franklin Resources Inc., Nuveen Asset Management LLC, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, and APG Asset Management N.V.. Company insiders that have sold Automatic Data Processing company stock in the last year include Brian L Michaud, Brock Albinson, Carlos A Rodriguez, Deborah L Dyson, Joseph Desilva, Sreenivasa Kutam, and Stuart Sackman.
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ADP stock was bought by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, BlueSpruce Investments LP, Morgan Stanley, Prudential Financial Inc., Ameriprise Financial Inc., HS Management Partners LLC, Lazard Asset Management LLC, and Jensen Investment Management Inc..
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Shares of ADP 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 $195.23.

Automatic Data Processing has a market capitalization of $83.07 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 following companies are subsidiares of Automatic Data Processing: ADP Atlantic, ADP Benefits Services KY, ADP Brasil Ltda, ADP Broker-Dealer Inc, ADP Canada Co., ADP Employer Services GmbH, ADP Europe SAS, ADP France SAS, ADP GSI France SAS, ADP GlobalView B.V., ADP Indemnity, ADP International Services BV, ADP LLC, ADP MasterTax, ADP Pacific, ADP Payroll Services, ADP Private Limited, ADP Screening and Selection Services, ADP Tax Services, ADP Technology Services, ADP TotalSource CO XXI, ADP TotalSource CO XXII, ADP TotalSource FL XVI, ADP TotalSource FL XXIX, ADP TotalSource Group, ADP TotalSource I, ADP TotalSource of CO XXIII, Automatic Data Processing Insurance Agency, Automatic Data Processing Limited, Automatic Data Processing Limited (UK), Celergo, Global Cash Card, Ma Foi Consulting Solutions Ltd., Payroll S.A., PhyLogic Healthcare, SHPS Inc., The Marcus Buckingham Company, The RightThing, Wallace, and Work Market.

Automatic Data Processing was founded in 1949.

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

Automatic Data Processing is headquartered at ONE ADP BOULVARD, ROSELAND NJ, 07068.

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]