Insider Selling: Automatic Data Processing (ADP) Insider Sells 7,886 Shares of Stock

Automatic Data Processing (NASDAQ:ADP) insider Edward B. Flynn III sold 7,886 shares of Automatic Data Processing stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $117.74, for a total value of $928,497.64. Following the completion of the sale, the insider now directly owns 40,522 shares of the company’s stock, valued at approximately $4,771,060.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Automatic Data Processing (ADP) opened at $117.18 on Friday. Automatic Data Processing has a 52-week low of $94.11 and a 52-week high of $121.77. The company has a market capitalization of $51,970.00, a PE ratio of 29.74, a PEG ratio of 2.93 and a beta of 0.85. 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 announced its quarterly earnings data 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. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. sell-side analysts predict that Automatic Data Processing will post 3.91 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 8th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.15%. This is an increase from Automatic Data Processing’s previous quarterly dividend of $0.57. The ex-dividend date was Thursday, December 7th. Automatic Data Processing’s payout ratio is presently 63.96%.

Institutional investors have recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its position in shares of Automatic Data Processing by 1.8% in the second quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 17 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Automatic Data Processing in the second quarter valued at about $102,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Automatic Data Processing in the third quarter valued at about $114,000. Grove Bank & Trust lifted its position in shares of Automatic Data Processing by 16.4% in the second quarter. Grove Bank & Trust now owns 1,208 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 170 shares in the last quarter. Finally, Family Capital Trust Co purchased a new position in shares of Automatic Data Processing in the third quarter valued at about $137,000. Institutional investors and hedge funds own 78.67% of the company’s stock.

ADP has been the topic of several analyst reports. BidaskClub downgraded Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded Automatic Data Processing from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a research report on Monday, October 16th. Bank of America upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 5th. Goldman Sachs Group upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating and lifted their target price for the company from $116.02 to $135.00 in a research report on Monday, December 11th. Finally, Morgan Stanley upgraded Automatic Data Processing from an “underweight” rating to an “equal” rating and set a $114.00 target price on the stock in a research report on Tuesday, November 14th. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $114.64.

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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.

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

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