Automatic Data Processing (ADP) Getting Somewhat Favorable Media Coverage, Study Finds

Headlines about Automatic Data Processing (NYSE:ADP) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Automatic Data Processing earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 46.2897543295814 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news articles that may have effected Accern’s scoring:

A number of research firms have recently weighed in on ADP. BidaskClub raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada upped their target price on shares of Automatic Data Processing from $94.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and set a $108.00 price objective (up from $103.00) on shares of Automatic Data Processing in a research report on Sunday, July 30th. Robert W. Baird reissued a “neutral” rating and set a $95.00 price objective on shares of Automatic Data Processing in a research report on Sunday, July 30th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $105.00 price objective (up from $100.00) on shares of Automatic Data Processing in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $105.35.

Shares of Automatic Data Processing (ADP) traded down 0.26% during trading on Friday, hitting $104.41. 5,300,922 shares of the stock traded hands. The firm has a market cap of $46.40 billion and a price-to-earnings ratio of 27.12. Automatic Data Processing has a 52-week low of $85.48 and a 52-week high of $121.77. The stock has a 50 day moving average of $107.19 and a 200 day moving average of $102.82.

Automatic Data Processing (NYSE:ADP) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.02. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Automatic Data Processing had a net margin of 8.67% and a return on equity of 26.39%. Automatic Data Processing’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Analysts expect that Automatic Data Processing will post $3.81 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 8th will be given a $0.57 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.28 dividend on an annualized basis and a yield of 2.18%.

In related news, CEO Carlos A. Rodriguez sold 49,392 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $100.01, for a total value of $4,939,693.92. Following the sale, the chief executive officer now owns 159,403 shares in the company, valued at $15,941,894.03. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Carlos A. Rodriguez sold 36,363 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $110.00, for a total value of $3,999,930.00. Following the completion of the sale, the chief executive officer now owns 146,494 shares in the company, valued at approximately $16,114,340. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,620 shares of company stock worth $9,435,757.

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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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