Automatic Data Processing, Inc. (NASDAQ:ADP – Get 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 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
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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