News articles about Automatic Data Processing (NASDAQ:ADP) have trended positive on Saturday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Automatic Data Processing earned a coverage optimism score of 2.45 on their scale. InfoTrie also gave media headlines about the business services provider an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Automatic Data Processing’s score:
Shares of ADP traded up $0.19 during trading hours on Friday, reaching $161.72. 2,000,717 shares of the company traded hands, compared to its average volume of 1,640,916. The firm has a market capitalization of $70.30 billion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 2.28 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.04 and a quick ratio of 1.04. Automatic Data Processing has a 12-month low of $121.40 and a 12-month high of $165.50.
Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.08. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.91 billion. Automatic Data Processing had a net margin of 13.76% and a return on equity of 50.53%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 earnings per share. As a group, research analysts anticipate that Automatic Data Processing will post 5.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, June 13th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 72.64%.
Several analysts have issued reports on ADP shares. Sanford C. Bernstein downgraded shares of Automatic Data Processing from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 30th. Barclays lifted their price objective on shares of Automatic Data Processing from $168.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Citigroup lifted their price objective on shares of Automatic Data Processing from $147.00 to $162.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Zacks Investment Research raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a report on Thursday, May 9th. Finally, BidaskClub lowered shares of Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Automatic Data Processing currently has an average rating of “Buy” and an average target price of $159.00.
In related news, VP Donald Weinstein sold 1,706 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $165.01, for a total transaction of $281,507.06. Following the completion of the transaction, the vice president now directly owns 26,220 shares in the company, valued at $4,326,562.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jan Siegmund sold 27,272 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $165.00, for a total transaction of $4,499,880.00. Following the transaction, the insider now owns 77,595 shares of the company’s stock, valued at $12,803,175. The disclosure for this sale can be found here. Insiders have sold 30,456 shares of company stock valued at $5,010,669 over the last 90 days. 0.33% of the stock is currently owned by insiders.
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About Automatic Data Processing
Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.
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