Automatic Data Processing, Inc. (NASDAQ:ADP) VP Don Mcguire Sells 3,880 Shares of Stock

Automatic Data Processing, Inc. (NASDAQ:ADP) VP Don Mcguire sold 3,880 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $253.90, for a total transaction of $985,132.00. Following the completion of the transaction, the vice president now owns 20,665 shares in the company, valued at $5,246,843.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Automatic Data Processing Stock Down 0.7 %

ADP stock opened at $251.05 on Thursday. The business has a 50-day moving average of $242.31 and a 200-day moving average of $225.61. Automatic Data Processing, Inc. has a fifty-two week low of $201.46 and a fifty-two week high of $274.92. The stock has a market capitalization of $103.43 billion, a P/E ratio of 30.62, a P/E/G ratio of 2.40 and a beta of 0.81. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.06. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Automatic Data Processing had a net margin of 18.94% and a return on equity of 107.15%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $1.50 EPS. On average, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.14 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 8th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $5.00 annualized dividend and a yield of 1.99%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 60.98%.

Wall Street Analyst Weigh In

ADP has been the topic of several recent research reports. Jefferies Financial Group raised their price target on Automatic Data Processing from $240.00 to $260.00 in a research report on Wednesday, July 26th. JPMorgan Chase & Co. increased their price target on shares of Automatic Data Processing from $260.00 to $280.00 and gave the company an “underweight” rating in a research report on Tuesday, August 22nd. Robert W. Baird boosted their price objective on shares of Automatic Data Processing from $235.00 to $270.00 in a report on Thursday, July 27th. Royal Bank of Canada started coverage on shares of Automatic Data Processing in a research report on Tuesday. They set a “sector perform” rating and a $267.00 price target on the stock. Finally, Barclays upped their price objective on shares of Automatic Data Processing from $275.00 to $285.00 in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and a consensus target price of $249.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ten Capital Wealth Advisors LLC lifted its holdings in shares of Automatic Data Processing by 110.7% during the first quarter. Ten Capital Wealth Advisors LLC now owns 118 shares of the business services provider’s stock worth $26,000 after buying an additional 62 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Automatic Data Processing in the 1st quarter valued at about $28,000. Coppell Advisory Solutions LLC acquired a new position in shares of Automatic Data Processing during the 2nd quarter worth approximately $30,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Automatic Data Processing in the first quarter valued at approximately $31,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of Automatic Data Processing in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 79.37% of the company’s stock.

About Automatic Data Processing

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.