Automatic Data Processing, Inc. (NASDAQ:ADP) Receives Consensus Rating of “Hold” from Analysts

Shares of Automatic Data Processing, Inc. (NASDAQ:ADPGet Rating) have earned a consensus rating of “Hold” from the sixteen research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $226.93.

ADP has been the subject of a number of recent research reports. Stifel Nicolaus reissued a “hold” rating and issued a $238.00 target price (up from $222.00) on shares of Automatic Data Processing in a report on Friday, March 11th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Automatic Data Processing from $235.00 to $203.00 and set a “hold” rating on the stock in a report on Thursday, January 27th. Robert W. Baird dropped their price target on Automatic Data Processing from $242.00 to $220.00 in a research report on Thursday, January 27th. StockNews.com started coverage on shares of Automatic Data Processing in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Morgan Stanley cut their target price on Automatic Data Processing from $235.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 27th.

In other Automatic Data Processing news, VP Deborah L. Dyson sold 2,787 shares of the stock in a transaction dated Tuesday, April 5th. The stock was sold at an average price of $234.55, for a total value of $653,690.85. Following the completion of the sale, the vice president now directly owns 26,663 shares in the company, valued at $6,253,806.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Christopher D’ambrosio sold 329 shares of the business’s stock in a transaction dated Monday, February 7th. The stock was sold at an average price of $206.93, for a total value of $68,079.97. The disclosure for this sale can be found here. Insiders sold 4,787 shares of company stock valued at $1,073,466 over the last quarter. 0.34% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Gilman Hill Asset Management LLC raised its holdings in shares of Automatic Data Processing by 2.8% in the fourth quarter. Gilman Hill Asset Management LLC now owns 1,620 shares of the business services provider’s stock worth $399,000 after buying an additional 44 shares during the last quarter. First Hawaiian Bank increased its position in shares of Automatic Data Processing by 1.1% in the 1st quarter. First Hawaiian Bank now owns 4,176 shares of the business services provider’s stock valued at $950,000 after acquiring an additional 45 shares during the period. Baystate Wealth Management LLC raised its stake in Automatic Data Processing by 3.2% in the 4th quarter. Baystate Wealth Management LLC now owns 1,482 shares of the business services provider’s stock worth $366,000 after acquiring an additional 46 shares during the last quarter. Perigon Wealth Management LLC lifted its position in Automatic Data Processing by 0.3% during the 3rd quarter. Perigon Wealth Management LLC now owns 14,049 shares of the business services provider’s stock worth $2,809,000 after acquiring an additional 47 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC grew its stake in Automatic Data Processing by 0.9% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 5,522 shares of the business services provider’s stock valued at $1,104,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 78.71% of the company’s stock.

Shares of NASDAQ ADP opened at $227.20 on Tuesday. The company has a market cap of $95.43 billion, a P/E ratio of 35.17, a P/E/G ratio of 2.80 and a beta of 0.84. Automatic Data Processing has a 52-week low of $184.85 and a 52-week high of $248.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s fifty day moving average is $215.07 and its two-hundred day moving average is $221.73.

Automatic Data Processing (NASDAQ:ADPGet Rating) last issued its earnings results on Wednesday, January 26th. The business services provider reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.02. Automatic Data Processing had a return on equity of 50.01% and a net margin of 17.48%. The firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. As a group, analysts forecast that Automatic Data Processing will post 6.82 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Friday, June 10th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.83%. Automatic Data Processing’s dividend payout ratio is presently 64.40%.

Automatic Data Processing Company Profile (Get Rating)

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.

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Analyst Recommendations for Automatic Data Processing (NASDAQ:ADP)

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