Automatic Data Processing, Inc. (NASDAQ:ADP) CEO Maria Black Sells 2,963 Shares

Automatic Data Processing, Inc. (NASDAQ:ADP) CEO Maria Black sold 2,963 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $253.90, for a total transaction of $752,305.70. Following the sale, the chief executive officer now directly owns 54,433 shares in the company, valued at $13,820,538.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Maria Black also recently made the following trade(s):

• On Friday, September 1st, Maria Black sold 17,326 shares of Automatic Data Processing stock. The stock was sold at an average price of $255.03, for a total transaction of $4,418,649.78.

Automatic Data Processing Price Performance

NASDAQ ADP opened at $250.12 on Friday. Automatic Data Processing, Inc. has a 12 month low of $201.46 and a 12 month high of $274.92. The stock has a market cap of $103.05 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.37 and a beta of 0.81. The company’s 50 day moving average is $242.98 and its two-hundred day moving average is $225.78. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. Automatic Data Processing had a net margin of 18.94% and a return on equity of 107.15%. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same period last year, the firm posted $1.50 EPS. The company’s revenue was up 8.5% on a year-over-year basis. As a group, research analysts anticipate that Automatic Data Processing, Inc. will post 9.14 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 8th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, September 7th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 60.98%.

Analyst Upgrades and Downgrades

ADP has been the topic of a number of research reports. UBS Group initiated coverage on shares of Automatic Data Processing in a report on Friday, June 2nd. They set a “neutral” rating and a $230.00 target price on the stock. StockNews.com downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Barclays boosted their target price on shares of Automatic Data Processing from $275.00 to $285.00 in a research report on Friday, July 28th. Robert W. Baird boosted their target price on shares of Automatic Data Processing from $235.00 to $270.00 in a research report on Thursday, July 27th. Finally, Jefferies Financial Group upped their target price on shares of Automatic Data Processing from $240.00 to $260.00 in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Automatic Data Processing has a consensus rating of “Hold” and a consensus price target of $249.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of New Hampshire grew its holdings in shares of Automatic Data Processing by 0.3% in the second quarter. Bank of New Hampshire now owns 13,356 shares of the business services provider’s stock valued at $2,936,000 after purchasing an additional 40 shares in the last quarter. Key Financial Inc lifted its position in Automatic Data Processing by 0.4% in the second quarter. Key Financial Inc now owns 10,731 shares of the business services provider’s stock worth $2,359,000 after buying an additional 41 shares during the last quarter. Bell Investment Advisors Inc lifted its position in Automatic Data Processing by 23.2% in the second quarter. Bell Investment Advisors Inc now owns 218 shares of the business services provider’s stock worth $48,000 after buying an additional 41 shares during the last quarter. Angeles Wealth Management LLC lifted its position in Automatic Data Processing by 4.2% in the second quarter. Angeles Wealth Management LLC now owns 1,011 shares of the business services provider’s stock worth $222,000 after buying an additional 41 shares during the last quarter. Finally, Signet Financial Management LLC lifted its position in Automatic Data Processing by 1.3% in the fourth quarter. Signet Financial Management LLC now owns 3,587 shares of the business services provider’s stock worth $857,000 after buying an additional 45 shares during the last quarter. 79.37% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing 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.