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.

Analyst Ratings Changes

A number of equities analysts have weighed in on ADP shares. Cowen upped their price objective on shares of Automatic Data Processing from $225.00 to $230.00 in a research report on Thursday, July 28th. Wolfe Research reduced their price target on shares of Automatic Data Processing from $235.00 to $210.00 in a research report on Wednesday, July 20th. Morgan Stanley increased their price target on shares of Automatic Data Processing from $235.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 28th. Citigroup increased their price target on shares of Automatic Data Processing from $212.00 to $230.00 in a research report on Monday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Automatic Data Processing from $203.00 to $234.00 in a research report on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $233.73.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $250.23 on Friday. The firm's 50 day moving average is $220.12 and its two-hundred day moving average is $216.83. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $103.97 billion, a P/E ratio of 35.70, a PEG ratio of 2.59 and a beta of 0.84. Automatic Data Processing has a 52 week low of $192.26 and a 52 week high of $255.00.

Automatic Data Processing (NASDAQ:ADP - Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The business services provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.03. The business had revenue of $4.13 billion during the quarter, compared to analysts' expectations of $4.05 billion. Automatic Data Processing had a net margin of 17.87% and a return on equity of 66.25%. The business's revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $1.20 earnings per share. Analysts anticipate that Automatic Data Processing will post 8.04 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Friday, September 9th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, September 8th. Automatic Data Processing's payout ratio is 59.34%.

Insider Buying and Selling

In related news, VP Augusto J. Blanchard sold 567 shares of the firm's stock in a transaction that occurred on 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 sale, the vice president now directly owns 4,238 shares in the company, valued at $892,692.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Donald Weinstein sold 10,150 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 41,035 shares of the company's stock, valued at approximately $10,258,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Augusto J. Blanchard sold 567 shares of the stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $210.64, for a total transaction of $119,432.88. Following the completion of the sale, the vice president now owns 4,238 shares of the company's stock, valued at approximately $892,692.32. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.