Several brokerages have updated their stock price recommendations and targets. Automatic data processing (NASDAQ: ADP) over the past few weeks:
- 02/05/2022 – Automatic Data Processing has had its price target raised by analysts at Barclays PLC from $238.00 to $257.00. They now have an “overweight” rating on the stock.
- 02/05/2022 – Automatic Data Processing had its price target raised by analysts at Mizuho from $235.00 to $250.00. They now have a “buy” rating on the stock.
- 05/02/2022 – Automatic Data Processing had its price target raised by Citigroup Inc. analysts from $212.00 to $230.00.
- 04/28/2022 – Automatic Data Processing has had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $203.00 to $234.00.
- 31/03/2022 – Automatic data processing is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
- 03/11/2022 – Automatic data processing has seen its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a price target of $238.00 on the stock, down from $222.00 previously.
Shares of ADP traded at $4.33 on Tuesday, reaching $214.12. The company’s stock had a trading volume of 81,262 shares, compared to an average trading volume of 2,042,445 shares. The company has a current ratio of 1.01, a quick ratio of 1.04 and a debt ratio of 0.71. Automatic Data Processing, Inc. has a 12-month low of $187.29 and a 12-month high of $248.96. The stock has a market capitalization of $89.45 billion, a PE ratio of 31.63, a PEG ratio of 2.59 and a beta of 0.82. The company has a fifty-day moving average of $221.40 and a 200-day moving average of $223.33.
Automatic data processing (NASDAQ: ADP – Get a rating) last released its quarterly results on Wednesday, April 27. The business services provider reported EPS of $2.21 for the quarter, beating consensus analyst estimates of $2.08 by $0.13. Automatic data processing generated a net margin of 17.77% and a return on equity of 56.01%. The company posted revenue of $4.51 billion in the quarter, versus analyst estimates of $4.45 billion. During the same period of the previous year, the company achieved EPS of $1.89. The company’s revenue for the quarter increased 10.0% year over year. As a group, stock analysts expect Automatic Data Processing, Inc. to post EPS of 6.97 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 1. Shareholders of record on Friday, June 10 will receive a dividend of $1.04. This represents a dividend of $4.16 on an annualized basis and a yield of 1.94%. The ex-dividend date is Thursday, June 9. Automatic Data Processing’s dividend payout ratio (DPR) is currently 61.45%.
In related news, VP Deborah L. Dyson sold 2,787 shares in a trade that took place on Tuesday, April 5. The shares were sold at an average price of $234.55, for a total transaction of $653,690.85. Following the transaction, the vice president now owns 26,663 shares of the company, valued at $6,253,806.65. The sale was disclosed in a legal filing with the SEC, accessible via the SEC website. Additionally, Vice Chairman James T. Sperduto sold 1,671 shares in a trade that took place on Wednesday, February 9. The shares were sold at an average price of $210.47, for a total transaction of $351,695.37. Disclosure of this sale can be found here. 0.34% of the shares are currently held by company insiders.
Several large investors have recently changed their stake in ADP. Bell Investment Advisors Inc bought a new position in shares of Automatic Data Processing during Q3 worth approximately $28,000. Sandy Cove Advisors LLC acquired a new position in automatic data processing during Q4 worth approximately $28,000. Crewe Advisors LLC bought a new stake in Automatic Data Processing in the first quarter, valued at around $28,000. Kozak & Associates Inc. purchased a new stake in shares of Automatic Data Processing during the third quarter worth approximately $29,000. Finally, Tortoise Investment Management LLC increased its holding in shares of Automatic Data Processing by 70.8% during the fourth quarter. Tortoise Investment Management LLC now owns 123 shares of the business services provider valued at $30,000 after acquiring 51 additional shares in the last quarter. 78.84% of the shares are held by institutional investors and hedge funds.
Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic cloud-based platforms and human resource (HR) outsourcing solutions.
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