Automatic Data Processing, Inc. (NASDAQ:ADP) VP Christopher D’ambrosio Sells 478 Shares

Automatic Data Processing, Inc. (NASDAQ:ADP) VP Christopher D’ambrosio sold 478 shares of Automatic Data Processing stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $293.14, for a total transaction of $140,120.92. Following the sale, the vice president now owns 7,364 shares in the company, valued at $2,158,682.96. This represents a 6.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Christopher D’ambrosio also recently made the following trade(s):

• On Monday, March 10th, Christopher D’ambrosio sold 473 shares of Automatic Data Processing stock. The stock was sold at an average price of $306.20, for a total transaction of $144,832.60.

Automatic Data Processing Trading Down 1.3 %

ADP opened at $294.14 on Thursday. Automatic Data Processing, Inc. has a 1-year low of $231.27 and a 1-year high of $322.84. The firm has a 50-day moving average price of $301.80 and a two-hundred day moving average price of $297.90. The stock has a market capitalization of $119.85 billion, a PE ratio of 30.67, a PEG ratio of 3.62 and a beta of 0.74. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.05. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. As a group, equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $1.54 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.09%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 64.23%.

Institutional Trading of Automatic Data Processing

A number of institutional investors and hedge funds have recently modified their holdings of ADP. GAMMA Investing LLC increased its stake in Automatic Data Processing by 34,655.1% in the first quarter. GAMMA Investing LLC now owns 2,901,007 shares of the business services provider’s stock valued at $886,345,000 after purchasing an additional 2,892,660 shares in the last quarter. Norges Bank bought a new stake in shares of Automatic Data Processing in the 4th quarter valued at $455,993,000. Winslow Capital Management LLC acquired a new stake in Automatic Data Processing during the 4th quarter worth $396,714,000. Capital Research Global Investors raised its stake in Automatic Data Processing by 26.9% during the 4th quarter. Capital Research Global Investors now owns 6,136,763 shares of the business services provider’s stock worth $1,796,415,000 after buying an additional 1,299,390 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Automatic Data Processing during the fourth quarter worth about $342,942,000. 80.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADP has been the subject of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday, January 30th. StockNews.com downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. UBS Group upped their price target on Automatic Data Processing from $318.00 to $324.00 and gave the company a “neutral” rating in a research report on Tuesday, March 4th. Barclays lifted their price objective on Automatic Data Processing from $325.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Jefferies Financial Group upped their target price on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $302.30.

Automatic Data Processing Company Profile

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.