Automatic Data Processing (ADP) Earning Somewhat Favorable News Coverage, Study Finds
Media stories about Automatic Data Processing (NASDAQ:ADP) have been trending somewhat positive on Wednesday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Automatic Data Processing earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.0618299407015 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Automatic Data Processing, Inc. (NASDAQ: ADP) – Eye-Catching Hot Stocks – Alpha Beta Stock (alphabetastock.com)
- Automatic Data Processing, Inc., (NASDAQ: ADP), CDW Corporation, (NASDAQ: CDW), Philip Morris International Inc … – Stocks In The News (press release) (tradingnewsnow.com)
- Automatic Data Processing, Inc. (NASDAQ: ADP) – Intraday Trade Strategies in Focus – Alpha Beta Stock (alphabetastock.com)
- Automatic Data Processing, Inc. (NASDAQ: ADP) – Investors are Unsure How to React (Brief Analysis) – Alpha Beta Stock (alphabetastock.com)
- Noteworthy ETF Outflows: IXN, ADP, ATVI, HPQ – Nasdaq (nasdaq.com)
ADP has been the subject of a number of analyst reports. BidaskClub cut Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Deutsche Bank AG restated a “hold” rating and issued a $102.00 price target on shares of Automatic Data Processing in a report on Monday, August 21st. Evercore ISI restated an “in-line” rating and issued a $115.00 price target on shares of Automatic Data Processing in a report on Sunday, August 20th. Bank of America Corporation upped their price target on Automatic Data Processing from $111.00 to $114.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Finally, Royal Bank Of Canada decreased their price target on Automatic Data Processing from $100.00 to $95.00 and set a “sector perform” rating for the company in a report on Monday, November 6th. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Automatic Data Processing has an average rating of “Hold” and an average target price of $112.37.
Automatic Data Processing (ADP) traded down $0.35 during mid-day trading on Wednesday, hitting $110.21. The company had a trading volume of 2,106,043 shares, compared to its average volume of 2,889,487. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $48,880.00, a price-to-earnings ratio of 29.55, a P/E/G ratio of 2.83 and a beta of 0.88. Automatic Data Processing has a twelve month low of $94.11 and a twelve month high of $121.77.
Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.06. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.06 billion. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 EPS. equities research analysts forecast that Automatic Data Processing will post 3.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 8th will be given a dividend of $0.63 per share. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, December 7th. Automatic Data Processing’s dividend payout ratio is currently 57.87%.
In other Automatic Data Processing news, VP Brock Albinson sold 3,663 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $106.54, for a total value of $390,256.02. Following the sale, the vice president now directly owns 6,287 shares of the company’s stock, valued at $669,816.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Maria Black sold 631 shares of the stock in a transaction on Saturday, September 2nd. The stock was sold at an average price of $106.64, for a total value of $67,289.84. Following the completion of the sale, the vice president now directly owns 10,550 shares in the company, valued at $1,125,052. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.
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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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