Automatic Data Processing (NYSE:ADP) has been given an average rating of “Hold” by the eight ratings firms that are covering the stock. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $94.67.

A number of research analysts recently issued reports on the company. Citigroup Inc. reiterated a “neutral” rating and set a $90.00 price objective (up from $89.00) on shares of Automatic Data Processing in a report on Friday, July 29th. Robert W. Baird downgraded Automatic Data Processing from an “outperform” rating to a “neutral” rating and set a $94.00 price objective for the company. in a report on Friday, July 29th. BMO Capital Markets reiterated a “hold” rating on shares of Automatic Data Processing in a report on Thursday, November 3rd. Wedbush assumed coverage on Automatic Data Processing in a report on Thursday, September 8th. They set a “neutral” rating and a $100.00 price objective for the company. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $93.00 price objective on shares of Automatic Data Processing in a report on Friday, July 29th.

Automatic Data Processing (NYSE:ADP) opened at 93.27 on Monday. The firm has a market capitalization of $42.08 billion and a price-to-earnings ratio of 27.91. The stock’s 50 day moving average price is $88.39 and its 200-day moving average price is $89.15. Automatic Data Processing has a one year low of $76.65 and a one year high of $96.00.

Automatic Data Processing (NYSE:ADP) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.10. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. On average, equities research analysts expect that Automatic Data Processing will post $3.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Friday, December 9th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.44%. This is an increase from Automatic Data Processing’s previous quarterly dividend of $0.53. The ex-dividend date is Wednesday, December 7th.

In other Automatic Data Processing news, insider Jan Siegmund sold 6,592 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $89.20, for a total value of $588,006.40. Following the completion of the transaction, the insider now directly owns 52,193 shares in the company, valued at $4,655,615.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Maria Black sold 527 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $90.00, for a total value of $47,430.00. Following the completion of the transaction, the vice president now owns 7,836 shares of the company’s stock, valued at $705,240. The disclosure for this sale can be found here.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Spectrum Management Group Inc. increased its position in Automatic Data Processing by 283.9% in the second quarter. Spectrum Management Group Inc. now owns 8,560 shares of the company’s stock worth $786,000 after buying an additional 6,330 shares in the last quarter. Kanawha Capital Management LLC increased its position in Automatic Data Processing by 1.8% in the second quarter. Kanawha Capital Management LLC now owns 113,218 shares of the company’s stock worth $10,401,000 after buying an additional 1,963 shares in the last quarter. Bbva Compass Bancshares Inc. increased its position in Automatic Data Processing by 2.6% in the second quarter. Bbva Compass Bancshares Inc. now owns 24,028 shares of the company’s stock worth $2,207,000 after buying an additional 612 shares in the last quarter. 1ST Source Bank increased its position in Automatic Data Processing by 0.3% in the second quarter. 1ST Source Bank now owns 52,438 shares of the company’s stock worth $4,818,000 after buying an additional 176 shares in the last quarter. Finally, Smith Salley & Associates increased its position in Automatic Data Processing by 1.2% in the second quarter. Smith Salley & Associates now owns 2,436 shares of the company’s stock worth $224,000 after buying an additional 30 shares in the last quarter.

About Automatic Data Processing

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions.

5 Day Chart for NYSE:ADP

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