Traders sold shares of Automatic Data Processing (NASDAQ:ADP) on strength during trading on Monday. $21.36 million flowed into the stock on the tick-up and $169.76 million flowed out of the stock on the tick-down, for a money net flow of $148.40 million out of the stock. Of all stocks tracked, Automatic Data Processing had the 0th highest net out-flow for the day. Automatic Data Processing traded up $0.45 for the day and closed at $118.64

A number of analysts have recently weighed in on ADP shares. BidaskClub downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Morgan Stanley upgraded Automatic Data Processing from an “underweight” rating to an “equal” rating and set a $114.00 target price for the company in a research report on Tuesday, November 14th. Sanford C. Bernstein upped their target price on Automatic Data Processing from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Bank of America upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 5th. Finally, Barclays upped their target price on Automatic Data Processing from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $114.17.

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $52,615.62, a price-to-earnings ratio of 31.72, a PEG ratio of 2.94 and a beta of 0.85.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. equities analysts predict that Automatic Data Processing will post 3.91 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 8th will be paid a $0.63 dividend. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.57. The ex-dividend date is Thursday, December 7th. This represents a $2.52 annualized dividend and a dividend yield of 2.13%. Automatic Data Processing’s dividend payout ratio is presently 64.12%.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Automatic Data Processing by 2.4% in the second quarter. Vanguard Group Inc. now owns 34,999,981 shares of the business services provider’s stock valued at $3,586,099,000 after buying an additional 811,960 shares during the period. BlackRock Inc. increased its stake in shares of Automatic Data Processing by 0.8% in the second quarter. BlackRock Inc. now owns 29,869,208 shares of the business services provider’s stock valued at $3,060,398,000 after buying an additional 237,439 shares during the period. Pershing Square Capital Management L.P. increased its stake in shares of Automatic Data Processing by 402.5% in the third quarter. Pershing Square Capital Management L.P. now owns 8,798,442 shares of the business services provider’s stock valued at $961,846,000 after buying an additional 7,047,575 shares during the period. Polen Capital Management LLC boosted its position in shares of Automatic Data Processing by 2.3% during the 3rd quarter. Polen Capital Management LLC now owns 6,813,929 shares of the business services provider’s stock valued at $744,899,000 after purchasing an additional 152,027 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Automatic Data Processing by 2.9% during the 2nd quarter. Wells Fargo & Company MN now owns 6,794,660 shares of the business services provider’s stock valued at $696,182,000 after purchasing an additional 190,717 shares in the last quarter. 78.62% of the stock is owned by institutional investors.

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Automatic Data Processing Company Profile

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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