Automatic Data Processing (ADP) Earns Media Impact Score of 0.16
News articles about Automatic Data Processing (NASDAQ:ADP) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Automatic Data Processing earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 46.1140147970945 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Automatic Data Processing (ADP) Downgraded by BidaskClub (americanbankingnews.com)
- Elizabeth Warren's bill would thrash Equifax for another data breach (finance.yahoo.com)
- Analysts Expect Automatic Data Processing (ADP) to Post $0.89 EPS (americanbankingnews.com)
- Automatic Data Processing (ADP) Rating Reiterated by Citigroup (americanbankingnews.com)
- Automatic Data Processing, Inc. (NASDAQ:ADP) – Is the Stock Safe to Invest? – Nasdaq Journal (press release) (nasdaqjournal.com)
ADP has been the subject of several analyst reports. Bank of America upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. BidaskClub downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Morgan Stanley upgraded Automatic Data Processing from an “underweight” rating to an “equal” rating and set a $114.00 price objective for the company in a report on Tuesday, November 14th. Sanford C. Bernstein lifted their price objective on Automatic Data Processing from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Finally, Goldman Sachs Group upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $116.02 to $135.00 in a report on Monday, December 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Automatic Data Processing has an average rating of “Hold” and a consensus target price of $115.21.
Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Thursday, November 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.06. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.86 earnings per share. equities analysts forecast that Automatic Data Processing will post 3.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Friday, December 8th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.13%. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.57. The ex-dividend date was Thursday, December 7th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.96%.
In other Automatic Data Processing news, insider Michael A. Bonarti sold 3,900 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $116.03, for a total value of $452,517.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John P. Jones III sold 5,688 shares of Automatic Data Processing stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $116.03, for a total value of $659,978.64. Following the transaction, the director now directly owns 53,956 shares in the company, valued at $6,260,514.68. The disclosure for this sale can be found here. Insiders sold 115,505 shares of company stock worth $13,612,788 over the last three months. Insiders own 0.25% of the company’s stock.
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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