Investors Sell Automatic Data Processing (ADP) on Strength (ADP)

Traders sold shares of Automatic Data Processing (NASDAQ:ADP) on strength during trading on Tuesday. $15.24 million flowed into the stock on the tick-up and $80.64 million flowed out of the stock on the tick-down, for a money net flow of $65.40 million out of the stock. Of all equities tracked, Automatic Data Processing had the 8th highest net out-flow for the day. Automatic Data Processing traded up $0.69 for the day and closed at $117.57

ADP has been the topic of several recent research reports. Sanford C. Bernstein increased their price objective on Automatic Data Processing from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Barclays increased their price objective on Automatic Data Processing from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. BidaskClub cut Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Goldman Sachs Group upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $116.02 to $135.00 in a research report on Monday, December 11th. Finally, Bank of America upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 5th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Automatic Data Processing presently has a consensus rating of “Hold” and a consensus target price of $114.14.

The firm has a market cap of $51,835.07, a price-to-earnings ratio of 29.92, a P/E/G ratio of 2.90 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.10.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.06. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.06 billion. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. equities analysts predict that Automatic Data Processing will post 3.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 8th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, December 7th. This represents a $2.52 annualized dividend and a yield of 2.14%. This is an increase from Automatic Data Processing’s previous quarterly dividend of $0.57. Automatic Data Processing’s dividend payout ratio is 64.12%.

Institutional investors have recently made changes to their positions in the stock. Thrivent Financial For Lutherans grew its position in Automatic Data Processing by 4.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 16,945 shares of the business services provider’s stock worth $1,735,000 after acquiring an additional 780 shares during the last quarter. Balentine LLC grew its position in Automatic Data Processing by 0.5% during the 1st quarter. Balentine LLC now owns 125,195 shares of the business services provider’s stock worth $12,819,000 after acquiring an additional 650 shares during the last quarter. Loomis Sayles & Co. L P grew its position in Automatic Data Processing by 10.1% during the 1st quarter. Loomis Sayles & Co. L P now owns 2,455,673 shares of the business services provider’s stock worth $251,436,000 after acquiring an additional 224,936 shares during the last quarter. Global X Management Co. LLC grew its position in Automatic Data Processing by 28.2% during the 1st quarter. Global X Management Co. LLC now owns 2,974 shares of the business services provider’s stock worth $305,000 after acquiring an additional 654 shares during the last quarter. Finally, Bailard Inc. lifted its holdings in Automatic Data Processing by 4.0% in the 1st quarter. Bailard Inc. now owns 5,964 shares of the business services provider’s stock worth $611,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 78.67% of the company’s stock.

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About Automatic Data Processing

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

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