Automatic Data Processing - ADP Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Automatic Data Processing in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ADP shares. 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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12 Wall Street research analysts have issued 12-month price objectives for Automatic Data Processing's shares. Their ADP share price forecasts range from $210.00 to $257.00. On average, they anticipate the company's stock price to reach $232.20 in the next year. This suggests that the stock has a possible downside of 6.6%.
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Automatic Data Processing's stock was trading at $246.58 on January 1st, 2022. Since then, ADP shares have increased by 0.8% and is now trading at $248.61.
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Automatic Data Processing is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Automatic Data Processing, Inc. (NASDAQ:ADP) announced its quarterly earnings data on Wednesday, July, 27th. The business services provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.03. The business services provider had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.05 billion. Automatic Data Processing had a net margin of 17.87% and a trailing twelve-month return on equity of 66.25%. Automatic Data Processing's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share.
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Automatic Data Processing announced a quarterly dividend on Wednesday, August 3rd. Shareholders of record on Friday, September 9th will be given a dividend of $1.04 per share on Saturday, October 1st. This represents a $4.16 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, September 8th.
Read our dividend analysis for ADP.

Automatic Data Processing (NASDAQ:ADP) pays an annual dividend of $4.16 per share and currently has a dividend yield of 1.68%. The company 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 is 59.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ADP will have a dividend payout ratio of 46.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ADP.

Automatic Data Processing updated its FY 2023 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $7.92-$8.13 for the period, compared to the consensus estimate of $7.74. The company issued revenue guidance of $17.65 billion-$17.98 billion, compared to the consensus revenue estimate of $17.63 billion.

5,336 employees have rated Automatic Data Processing Chief Executive Officer Carlos A. Rodriguez on Glassdoor.com. Carlos A. Rodriguez has an approval rating of 90% among the company's employees.

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), Procter & Gamble (PG), AT&T (T), AbbVie (ABBV), McDonald's (MCD), Walmart (WMT) and 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 Sumitomo Mitsui Trust Holdings Inc. (0.51%), ProShare Advisors LLC (0.30%), CIBC Private Wealth Group LLC (0.23%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.17%), Envestnet Asset Management Inc. (0.16%) and Robeco Institutional Asset Management B.V. (0.16%). Insiders that own company stock include Alexander Quevedo, Augusto J Blanchard, Brian L Michaud, Brock Albinson, Carlos A Rodriguez, Christopher D'ambrosio, Deborah L Dyson, Deborah L Dyson, Don Mcguire, Donald Weinstein, James T Sperduto, John Ayala, Joseph Desilva, Sreenivasa Kutam and Stuart Sackman.
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Shares of ADP stock 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 $248.61.

Automatic Data Processing (NASDAQ:ADP) has a market capitalization of $103.86 billion and generates $16.50 billion in revenue each year. The business services provider earns $2.95 billion in net income (profit) each year or $7.01 on an earnings per share basis.

Automatic Data Processing employs 60,000 workers across the globe.

Automatic Data Processing was founded in 1949.

Automatic Data Processing's mailing address is ONE ADP BOULVARD, ROSELAND NJ, 07068. The official website for the company is www.adp.com. The business services provider can be reached via phone at (833) 800-0380, via email at investor.mail@adp.com, or via fax at 973-974-5390.