Equities Analysts Offer Predictions for Automatic Data Processing, Inc.’s Q4 2022 Earnings (NASDAQ:ADP)

Automatic Data Processing, Inc. (NASDAQ:ADPGet Rating) – Investment analysts at Wedbush dropped their Q4 2022 EPS estimates for shares of Automatic Data Processing in a research note issued to investors on Wednesday, April 27th. Wedbush analyst M. Katri now expects that the business services provider will earn $1.43 per share for the quarter, down from their previous estimate of $1.44. Wedbush also issued estimates for Automatic Data Processing’s Q4 2023 earnings at $1.62 EPS.

Several other equities analysts have also commented on ADP. Bank of America upgraded Automatic Data Processing from an “underperform” rating to a “neutral” rating and set a $223.00 price target on the stock in a research note on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Automatic Data Processing from $203.00 to $234.00 in a report on Thursday. Stifel Nicolaus restated a “hold” rating and issued a $238.00 target price (up from $222.00) on shares of Automatic Data Processing in a research note on Friday, March 11th. Robert W. Baird lowered their target price on Automatic Data Processing from $242.00 to $220.00 in a research note on Thursday, January 27th. Finally, Mizuho cut their price objective on shares of Automatic Data Processing from $245.00 to $235.00 and set a “buy” rating for the company in a research report on Monday, February 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Automatic Data Processing has an average rating of “Hold” and an average target price of $229.00.

Shares of ADP stock opened at $218.18 on Monday. The company has a market capitalization of $91.65 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 2.75 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 0.71, a quick ratio of 1.04 and a current ratio of 1.01. The business’s fifty day moving average is $219.25 and its 200 day moving average is $223.12.

Automatic Data Processing (NASDAQ:ADPGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.13. Automatic Data Processing had a net margin of 17.77% and a return on equity of 56.01%. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the prior year, the company earned $1.89 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 10th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, June 9th. Automatic Data Processing’s payout ratio is currently 61.45%.

In other news, VP James T. Sperduto sold 1,671 shares of the stock in a transaction dated Wednesday, February 9th. The shares were sold at an average price of $210.47, for a total value of $351,695.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Deborah L. Dyson sold 2,787 shares of the firm’s stock in a transaction dated Tuesday, April 5th. 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’s stock, valued at $6,253,806.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,787 shares of company stock valued at $1,073,466. Company insiders own 0.34% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Automatic Data Processing by 2.6% in the fourth quarter. BlackRock Inc. now owns 31,994,621 shares of the business services provider’s stock worth $7,889,233,000 after acquiring an additional 817,884 shares during the last quarter. State Street Corp grew its stake in shares of Automatic Data Processing by 2.0% in the fourth quarter. State Street Corp now owns 18,427,297 shares of the business services provider’s stock worth $4,562,432,000 after purchasing an additional 357,520 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Automatic Data Processing by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 8,128,167 shares of the business services provider’s stock worth $1,999,845,000 after purchasing an additional 73,543 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Automatic Data Processing by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,227,698 shares of the business services provider’s stock worth $1,535,627,000 after purchasing an additional 208,206 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Automatic Data Processing by 38.6% during the third quarter. UBS Asset Management Americas Inc. now owns 3,568,467 shares of the business services provider’s stock valued at $713,408,000 after buying an additional 993,139 shares in the last quarter. Institutional investors own 78.71% of the company’s stock.

About Automatic Data Processing (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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Earnings History and Estimates for Automatic Data Processing (NASDAQ:ADP)

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