Donald Weinstein Sells 5,075 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP) Stock

Automatic Data Processing, Inc. (NASDAQ:ADPGet Rating) VP Donald Weinstein sold 5,075 shares of the stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $245.00, for a total value of $1,243,375.00. Following the completion of the transaction, the vice president now directly owns 32,950 shares of the company’s stock, valued at $8,072,750. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Donald Weinstein also recently made the following trade(s):

  • On Tuesday, January 3rd, Donald Weinstein sold 11,427 shares of Automatic Data Processing stock. The shares were sold at an average price of $240.83, for a total value of $2,751,964.41.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $245.36 on Friday. The stock has a market cap of $101.78 billion, a PE ratio of 33.94, a P/E/G ratio of 2.51 and a beta of 0.85. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.16. Automatic Data Processing, Inc. has a twelve month low of $192.26 and a twelve month high of $274.92. The stock has a fifty day simple moving average of $250.48 and a 200-day simple moving average of $240.20.

Automatic Data Processing (NASDAQ:ADPGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The business services provider reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.08. The business had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.16 billion. Automatic Data Processing had a return on equity of 80.50% and a net margin of 17.93%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.65 EPS. Equities analysts anticipate that Automatic Data Processing, Inc. will post 8.12 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 1st. Stockholders of record on Friday, March 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, March 9th. Automatic Data Processing’s dividend payout ratio is presently 69.16%.

Hedge Funds Weigh In On Automatic Data Processing

A number of hedge funds have recently modified their holdings of ADP. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Automatic Data Processing by 325.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,265,068 shares of the business services provider’s stock worth $286,146,000 after acquiring an additional 967,534 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Automatic Data Processing by 62.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,127,240 shares of the business services provider’s stock worth $446,805,000 after acquiring an additional 817,989 shares in the last quarter. Capital World Investors lifted its stake in Automatic Data Processing by 16.9% during the 1st quarter. Capital World Investors now owns 5,393,160 shares of the business services provider’s stock worth $1,227,160,000 after acquiring an additional 779,457 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Automatic Data Processing during the 3rd quarter worth about $147,822,000. Finally, Vanguard Group Inc. lifted its stake in Automatic Data Processing by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 39,551,673 shares of the business services provider’s stock worth $8,946,194,000 after acquiring an additional 472,896 shares in the last quarter. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Cowen increased their price objective on Automatic Data Processing to $237.00 in a research note on Thursday, October 27th. Cowen increased their price objective on Automatic Data Processing from $230.00 to $236.00 in a research note on Tuesday, September 20th. Morgan Stanley upped their target price on Automatic Data Processing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, October 27th. StockNews.com cut Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. Finally, Mizuho upped their target price on Automatic Data Processing from $276.00 to $285.00 and gave the company a “buy” rating in a report on Monday, December 12th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $244.45.

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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Insider Buying and Selling by Quarter for Automatic Data Processing (NASDAQ:ADP)

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