Sreenivasa Kutam Sells 694 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP) Stock

Automatic Data Processing, Inc. (NASDAQ:ADPGet Free Report) VP Sreenivasa Kutam sold 694 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $249.43, for a total transaction of $173,104.42. Following the completion of the transaction, the vice president now owns 20,687 shares in the company, valued at approximately $5,159,958.41. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Sreenivasa Kutam also recently made the following trade(s):

  • On Monday, March 4th, Sreenivasa Kutam sold 368 shares of Automatic Data Processing stock. The stock was sold at an average price of $247.01, for a total transaction of $90,899.68.

Automatic Data Processing Trading Down 0.1 %

Shares of ADP stock opened at $243.76 on Thursday. The stock’s fifty day moving average is $243.39 and its two-hundred day moving average is $239.78. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $100.13 billion, a P/E ratio of 28.38, a PEG ratio of 2.31 and a beta of 0.78. Automatic Data Processing, Inc. has a fifty-two week low of $201.46 and a fifty-two week high of $256.84.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last issued its earnings results on Wednesday, January 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Automatic Data Processing had a return on equity of 95.22% and a net margin of 19.14%. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period last year, the company earned $1.96 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Research analysts expect that Automatic Data Processing, Inc. will post 9.14 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Thursday, March 7th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 65.19%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ADP shares. Bank of America upgraded shares of Automatic Data Processing from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $217.00 to $243.00 in a report on Wednesday, January 17th. StockNews.com lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $267.00 price objective on shares of Automatic Data Processing in a research report on Thursday, February 1st. Stifel Nicolaus restated a “hold” rating and issued a $250.00 price objective on shares of Automatic Data Processing in a research report on Thursday, November 30th. Finally, Wolfe Research upgraded Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $253.17.

Get Our Latest Research Report on Automatic Data Processing

Institutional Trading of Automatic Data Processing

A number of hedge funds and other institutional investors have recently modified their holdings of ADP. OFI Invest Asset Management acquired a new stake in shares of Automatic Data Processing during the 3rd quarter worth about $25,000. Aspect Partners LLC acquired a new stake in shares of Automatic Data Processing during the 4th quarter worth about $28,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Automatic Data Processing during the 2nd quarter worth about $30,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Automatic Data Processing during the 1st quarter worth about $31,000. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of Automatic Data Processing during the 4th quarter worth about $33,000. 79.37% of the stock is owned by institutional investors and hedge funds.

About Automatic Data Processing

(Get Free Report)

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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