Automatic Data Processing (ADP) Stock Price, News & Analysis

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Automatic Data Processing in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ADP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ADP, but not buy additional shares or sell existing shares.
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10 equities research analysts have issued 1 year target prices for Automatic Data Processing's shares. Their ADP share price targets range from $213.00 to $280.00. On average, they expect the company's stock price to reach $254.58 in the next twelve months. This suggests a possible upside of 3.4% from the stock's current price.
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Automatic Data Processing's stock was trading at $232.97 at the beginning of the year. Since then, ADP stock has increased by 5.7% and is now trading at $246.14.
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Automatic Data Processing saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 4,560,000 shares, a drop of 12.1% from the March 15th total of 5,190,000 shares. Based on an average trading volume of 1,870,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.1% of the company's shares are sold short.
View Automatic Data Processing's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ADP earnings forecast.

Automatic Data Processing will be holding an earnings conference call on Wednesday, May 1st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Automatic Data Processing, Inc. (NASDAQ:ADP) posted its quarterly earnings results on Wednesday, January, 31st. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. The business services provider earned $4.67 billion during the quarter, compared to the consensus estimate of $4.65 billion. Automatic Data Processing had a net margin of 19.14% and a trailing twelve-month return on equity of 95.22%. Automatic Data Processing's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.96 EPS.
Read the conference call transcript.

Automatic Data Processing announced a quarterly dividend on Wednesday, April 3rd. Shareholders of record on Friday, June 14th will be paid a dividend of $1.40 per share on Monday, July 1st. This represents a $5.60 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, June 14th.
Read our dividend analysis for ADP.

Automatic Data Processing (NASDAQ:ADP) pays an annual dividend of $5.60 per share and currently has a dividend yield of 2.27%. The company has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 65.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ADP will have a dividend payout ratio of 55.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ADP.

ETFs with the largest weight of Automatic Data Processing (NASDAQ:ADP) stock in their portfolio include WBI BullBear Quality 3000 ETF (WBIL), Madison Dividend Value ETF (DIVL), Emerge EMPWR Sustainable Global Core Equity ETF (EMZA), WBI BullBear Yield 3000 ETF (WBIG), Formidable Fortress ETF (KONG), Polen Capital Global Growth ETF (PCGG), Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and Industrial Select Sector SPDR Fund (XLI).

Automatic Data Processing updated its FY24 earnings guidance on Wednesday, January, 31st. The company provided earnings per share (EPS) guidance of $9.05-9.22 for the period, compared to the consensus earnings per share estimate of $9.12. The company issued revenue guidance of $19.09-19.27 billion, compared to the consensus revenue estimate of $19.14 billion.

5,336 employees have rated Automatic Data Processing Chief Executive Officer Carlos A. Rodriguez on Glassdoor.com. Carlos A. Rodriguez has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Automatic Data Processing investors own include Johnson & Johnson (JNJ), Cisco Systems (CSCO), Intel (INTC), Verizon Communications (VZ), Procter & Gamble (PG), AT&T (T), AbbVie (ABBV), McDonald's (MCD), Walmart (WMT) and Home Depot (HD).

Automatic Data Processing's stock is owned by many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.26%), Raymond James & Associates (0.23%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.16%), Assenagon Asset Management S.A. (0.09%), Fifth Third Bancorp (0.08%) and Raymond James Financial Services Advisors Inc. (0.07%). Insiders that own company stock include Alexander Quevedo, Augusto J Blanchard, Carlos A Rodriguez, Christopher D'ambrosio, David Kwon, Deborah L Dyson, Don Mcguire, Donald Weinstein, James T Sperduto, John Ayala, Joseph Desilva, Laura G Brown, Maria Black, Michael A Bonarti, Sreenivasa Kutam and Stuart Sackman.
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Shares of ADP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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