Automatic Data Processing - ADP Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Automatic Data Processing in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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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6 analysts have issued 1-year target prices for Automatic Data Processing's stock. Their ADP share price forecasts range from $210.00 to $280.00. On average, they anticipate the company's share price to reach $242.27 in the next twelve months. This suggests that the stock has a possible downside of 6.5%.
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Automatic Data Processing's stock was trading at $246.58 at the start of the year. Since then, ADP shares have increased by 5.1% and is now trading at $259.22.
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Automatic Data Processing saw a increase in short interest in November. As of November 15th, there was short interest totaling 6,500,000 shares, an increase of 12.3% from the October 31st total of 5,790,000 shares. Based on an average trading volume of 1,770,000 shares, the days-to-cover ratio is presently 3.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
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Automatic Data Processing, Inc. (NASDAQ:ADP) released its quarterly earnings data on Wednesday, October, 26th. The business services provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.08. The business services provider earned $4.22 billion during the quarter, compared to analyst estimates of $4.16 billion. Automatic Data Processing had a trailing twelve-month return on equity of 80.50% and a net margin of 17.93%. Automatic Data Processing's revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.65 earnings per share.
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Automatic Data Processing declared a quarterly dividend on Wednesday, November 9th. Investors of record on Friday, December 9th will be given a dividend of $1.25 per share on Sunday, January 1st. This represents a $5.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, December 8th. This is a positive change from the stock's previous quarterly dividend of $1.04.
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 1.61%. 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 57.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ADP will have a dividend payout ratio of 45.76% 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 Wednesday, November, 2nd. The company provided EPS guidance of $8.06-$8.20 for the period, compared to the consensus estimate of $8.03. The company issued revenue guidance of $17.82 billion-$17.98 billion, compared to the consensus revenue estimate of $17.87 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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.53%), BlackRock Inc. (8.16%), State Street Corp (4.35%), Bank of New York Mellon Corp (2.64%), Alliancebernstein L.P. (2.23%) and UBS Asset Management Americas Inc. (0.73%). 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, Laura G Brown, 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 $259.22.

Automatic Data Processing (NASDAQ:ADP) has a market capitalization of $107.53 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 $7.23 on an earnings per share basis.

The company employs 60,000 workers across the globe.

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.