Automatic Data Processing to Issue Quarterly Dividend of $0.63 (ADP)
Automatic Data Processing (NASDAQ:ADP) declared a quarterly dividend on Tuesday, January 16th, RTT News reports. Stockholders of record on Friday, March 9th will be paid a dividend of 0.63 per share by the business services provider on Sunday, April 1st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.13%.
Shares of Automatic Data Processing (ADP) traded up $1.29 on Tuesday, reaching $118.47. 1,644,400 shares of the company’s stock traded hands, compared to its average volume of 1,833,578. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.51. Automatic Data Processing has a one year low of $94.11 and a one year high of $121.77. The firm has a market capitalization of $53,080.00, a price-to-earnings ratio of 30.07, a P/E/G ratio of 2.93 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 for the quarter, topping the consensus estimate of $0.85 by $0.06. Automatic Data Processing had a net margin of 14.08% and a return on equity of 42.34%. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. sell-side analysts predict that Automatic Data Processing will post 3.91 EPS for the current fiscal year.
In related news, VP Donald Weinstein sold 2,275 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $116.03, for a total transaction of $263,968.25. Following the completion of the sale, the vice president now directly owns 27,399 shares of the company’s stock, valued at approximately $3,179,105.97. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Carlos A. Rodriguez sold 95,756 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $118.09, for a total transaction of $11,307,826.04. Following the sale, the chief executive officer now directly owns 124,722 shares of the company’s stock, valued at $14,728,420.98. The disclosure for this sale can be found here. Insiders sold 115,505 shares of company stock valued at $13,612,788 in the last three months. Company insiders own 0.25% of the company’s stock.
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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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