Headlines about Automatic Data Processing (NYSE:ADP) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Automatic Data Processing earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.2897543295814 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- Decreases Position in Automatic Data Processing (ADP) (fishinghd.com)
- ADP chief throws shade at Ackman, calls the activist investor “a spoiled brat” (finance.yahoo.com)
- The Automatic Data Processing (ADP) Shares Bought by Mastrapasqua Asset Management Inc (vothemes.com)
- ADP CEO Carlos Rodriguez: We're willing to listen to Bill… (finance.yahoo.com)
- ADP CEO Carlos Rodriguez: Ackman acted like a 'spoiled br… (finance.yahoo.com)
Several equities analysts have recently commented on the stock. BMO Capital Markets restated a “market perform” rating and issued a $105.00 target price on shares of Automatic Data Processing in a research report on Wednesday. Barclays PLC restated a “buy” rating on shares of Automatic Data Processing in a research report on Thursday, April 27th. Robert W. Baird restated a “neutral” rating and issued a $95.00 target price on shares of Automatic Data Processing in a research report on Sunday, July 30th. Evercore ISI cut shares of Automatic Data Processing from an “in-line” rating to an “underperform” rating and set a $85.00 price objective for the company. in a research report on Friday, June 2nd. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Automatic Data Processing in a research report on Wednesday. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $104.96.
Automatic Data Processing (ADP) opened at 108.81 on Friday. The firm has a 50-day moving average of $106.27 and a 200 day moving average of $102.61. The firm has a market capitalization of $48.35 billion and a PE ratio of 28.26. Automatic Data Processing has a 12 month low of $85.48 and a 12 month high of $121.77.
Automatic Data Processing (NYSE:ADP) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.65 EPS for the quarter, missing the consensus estimate of $0.67 by $0.02. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Automatic Data Processing had a return on equity of 59.56% and a net margin of 17.24%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share. Equities research analysts forecast that Automatic Data Processing will post $3.82 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 8th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, September 7th.
In other Automatic Data Processing news, CEO Carlos A. Rodriguez sold 36,363 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $110.00, for a total transaction of $3,999,930.00. Following the transaction, the chief executive officer now directly owns 146,494 shares of the company’s stock, valued at $16,114,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carlos A. Rodriguez sold 49,392 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $100.01, for a total transaction of $4,939,693.92. Following the transaction, the chief executive officer now directly owns 159,403 shares in the company, valued at $15,941,894.03. The disclosure for this sale can be found here. Insiders have sold 90,620 shares of company stock worth $9,435,757 over the last three months.
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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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