Automatic Data Processing (ADP) VP Maria Black Sells 1,786 Shares of Stock

Automatic Data Processing (NASDAQ:ADP) VP Maria Black sold 1,786 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $119.72, for a total value of $213,819.92. Following the sale, the vice president now directly owns 11,858 shares of the company’s stock, valued at $1,419,639.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Automatic Data Processing (NASDAQ ADP) traded down $1.15 during midday trading on Friday, hitting $120.90. The stock had a trading volume of 1,482,700 shares, compared to its average volume of 1,848,158. The firm has a market cap of $53,770.00, a PE ratio of 30.69, a P/E/G ratio of 3.02 and a beta of 0.85. Automatic Data Processing has a one year low of $94.11 and a one year high of $122.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.10 and a quick ratio of 1.10.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results 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 company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. equities research analysts forecast that Automatic Data Processing will post 3.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.52 annualized dividend and a dividend yield of 2.08%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.96%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its stake in shares of Automatic Data Processing by 114.3% during the fourth quarter. State of Alaska Department of Revenue now owns 83,909 shares of the business services provider’s stock worth $9,830,000 after purchasing an additional 44,748 shares during the period. Heritage Way Advisors LLC grew its stake in shares of Automatic Data Processing by 105.0% during the fourth quarter. Heritage Way Advisors LLC now owns 38,950 shares of the business services provider’s stock worth $4,565,000 after purchasing an additional 19,950 shares during the period. Oakbrook Investments LLC acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth $3,091,000. Schwab Charles Investment Management Inc. grew its stake in shares of Automatic Data Processing by 4.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,312,450 shares of the business services provider’s stock worth $270,997,000 after purchasing an additional 108,120 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Automatic Data Processing by 5.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 17,049 shares of the business services provider’s stock worth $1,998,000 after purchasing an additional 854 shares during the period. 78.68% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on the company. BidaskClub downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Zacks Investment Research upgraded Automatic Data Processing from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Wednesday, November 8th. Bank of America upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $108.00 price objective on shares of Automatic Data Processing in a research report on Wednesday, October 4th. Finally, Sanford C. Bernstein lifted their price objective on Automatic Data Processing from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. Automatic Data Processing presently has a consensus rating of “Hold” and an average target price of $115.21.

TRADEMARK VIOLATION WARNING: “Automatic Data Processing (ADP) VP Maria Black Sells 1,786 Shares of Stock” was first published by Week Herald and is owned by of Week Herald. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://weekherald.com/2018/01/19/automatic-data-processing-adp-vp-maria-black-sells-1786-shares-of-stock.html.

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.

Insider Buying and Selling by Quarter for Automatic Data Processing (NASDAQ:ADP)

Receive News & Ratings for Automatic Data Processing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Automatic Data Processing and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply