News articles about Automatic Data Processing (NYSE:ADP) have been trending positive this week, according to AlphaOne Sentiment. AlphaOne, a division of Accern, identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Automatic Data Processing earned a coverage optimism score of 0.34 on AlphaOne’s scale. AlphaOne also assigned media headlines about the business services provider an impact score of 69 out of 100, meaning that recent news coverage is likely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have impacted AlphaOne Sentiment Analysis’s rankings:

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

Shares of Automatic Data Processing (NYSE:ADP) traded up 1.29% during trading on Friday, reaching $103.49. The company’s stock had a trading volume of 3,572,702 shares. The stock has a market cap of $46.30 billion and a price-to-earnings ratio of 26.78. Automatic Data Processing has a 52-week low of $85.23 and a 52-week high of $105.68. The stock’s 50 day moving average price is $100.22 and its 200-day moving average price is $101.20.

Automatic Data Processing (NYSE:ADP) last released its quarterly earnings data on Wednesday, May 3rd. The business services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.08. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.42 billion. Automatic Data Processing had a return on equity of 59.56% and a net margin of 17.24%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS. Equities analysts anticipate that Automatic Data Processing will post $3.72 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, July 1st. Stockholders of record on Friday, June 9th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Wednesday, June 7th.

A number of brokerages recently commented on ADP. Barclays PLC restated a “buy” rating on shares of Automatic Data Processing in a research report on Thursday, April 27th. Evercore ISI cut Automatic Data Processing from an “in-line” rating to an “underperform” rating and set a $85.00 target price on the stock. in a research report on Friday, June 2nd. BMO Capital Markets reiterated a “hold” rating and issued a $98.00 target price on shares of Automatic Data Processing in a research report on Wednesday, April 5th. Finally, Argus decreased their target price on Automatic Data Processing from $118.00 to $101.50 and set a “buy” rating on the stock in a research report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $100.13.

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In other news, CEO Carlos A. Rodriguez sold 49,392 shares of the firm’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 completion of the transaction, the chief executive officer now owns 159,403 shares in the company, valued at approximately $15,941,894.03. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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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