The stock of Automatic Data Processing Inc. (NASDAQ:ADP) last traded at $210.40, down -1.68% from the previous session.
Data from the available sources indicates that Automatic Data Processing Inc. (NASDAQ:ADP) is covered by 21 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $275.00 and a low of $180.00, we find $235.00. Given the previous closing price of $214.00, this indicates a potential upside of 9.81 percent. ADP stock price is now -2.32% away from the 50-day moving average and -9.84% away from the 200-day moving average. The market capitalization of the company currently stands at $86.62B.
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In total, 14 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $231.59 as their price target over the next twelve months.
In other news, Albinson Brock, Corp. VP sold 1,500 shares of the company’s stock on Mar 01. The stock was sold for $330,000 at an average price of $220.00. Upon completion of the transaction, the Corp. VP now directly owns 5,317 shares in the company, valued at $1.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 11, Corporate VP Weinstein Donald sold 5,075 shares of the business’s stock. A total of $1,243,375 was realized by selling the stock at an average price of $245.00. This leaves the insider owning 32,950 shares of the company worth $6.93 million. Insiders disposed of 553,031 shares of company stock worth roughly $116.36 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ADP stock. A new stake in Automatic Data Processing Inc. shares was purchased by VOLORIDGE INVESTMENT MANAGEMENT, LLC during the first quarter worth $63,475,000. QUADRATURE CAPITAL LTD invested $32,360,000 in shares of ADP during the first quarter. In the first quarter, PRANA CAPITAL MANAGEMENT, LP acquired a new stake in Automatic Data Processing Inc. valued at approximately $31,029,000. JUNTO CAPITAL MANAGEMENT LP acquired a new stake in ADP for approximately $26,439,000. HRT FINANCIAL LP purchased a new stake in ADP valued at around $18,493,000 in the second quarter. In total, there are 2,557 active investors with 81.90% ownership of the company’s stock.
With an opening price of $211.81 on Thursday morning, Automatic Data Processing Inc. (NASDAQ: ADP) set off the trading day. During the past 12 months, Automatic Data Processing Inc. has had a low of $196.61 and a high of $274.92. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 1.00, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $90.01B, which is based on a 26.88 price-to-earnings ratio, a 1.97 price-to-earnings-growth ratio, and a beta of 0.81. The fifty day moving average price for ADP is $215.35 and a two-hundred day moving average price translates $233.17 for the stock.
The latest earnings results from Automatic Data Processing Inc. (NASDAQ: ADP) was released for Mar, 2023. According to the Staffing & Employment Services Company, earnings per share came in at $2.52, beating analysts’ expectations of $2.45 by 0.07. This compares to $2.21 EPS in the same period last year. The net profit margin was 18.50% and return on equity was 104.50% for ADP. The company reported revenue of $4.93 billion for the quarter, compared to $4.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.19 percent. For the current quarter, analysts expect ADP to generate $4.39B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/01/2023. Investors who held shares on 06/09/2023 were paid a $1.25 dividend. On an annualized basis, this represents a $5.00 dividend and a 2.38% percent yield. There was an ex-dividend date of 06/08/2023 for this dividend. In terms of dividend payout ratio, ADP is presently at 55.50%.
Automatic Data Processing Inc.(ADP) Company Profile
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, as well as integrated HCM solutions. 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, expertise, comprehensive outsourcing, and recruitment process outsourcing services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.
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