Automatic Data Processing (NASDAQ:ADP) VP Douglas W. Politi sold 6,035 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $145.01, for a total value of $875,135.35. Following the completion of the sale, the vice president now directly owns 28,829 shares of the company’s stock, valued at $4,180,493.29. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of ADP stock opened at $146.81 on Friday. The firm has a market cap of $63.95 billion, a P/E ratio of 33.75, a PEG ratio of 2.13 and a beta of 0.91. Automatic Data Processing has a 1 year low of $107.61 and a 1 year high of $153.51. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, January 30th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.16. The firm had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Automatic Data Processing had a return on equity of 51.92% and a net margin of 13.12%. Automatic Data Processing’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. As a group, research analysts predict that Automatic Data Processing will post 5.37 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be issued a dividend of $0.79 per share. The ex-dividend date is Thursday, March 7th. This represents a $3.16 annualized dividend and a yield of 2.15%. Automatic Data Processing’s dividend payout ratio is presently 72.64%.

Several analysts have recently commented on ADP shares. Zacks Investment Research raised Automatic Data Processing from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Citigroup raised their price target on Automatic Data Processing from $137.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, November 1st. BMO Capital Markets reduced their price target on Automatic Data Processing from $155.00 to $150.00 and set a “market perform” rating for the company in a report on Thursday, November 1st. Jefferies Financial Group raised their price target on Automatic Data Processing to $167.00 and gave the company a “hold” rating in a report on Thursday, November 1st. Finally, Barclays started coverage on Automatic Data Processing in a report on Wednesday, November 14th. They issued an “overweight” rating and a $168.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Automatic Data Processing has an average rating of “Buy” and a consensus price target of $151.87.

A number of hedge funds have recently modified their holdings of the stock. Ffcm LLC raised its holdings in shares of Automatic Data Processing by 7.2% in the fourth quarter. Ffcm LLC now owns 21,185 shares of the business services provider’s stock worth $2,778,000 after acquiring an additional 1,425 shares during the last quarter. GAM Holding AG grew its position in shares of Automatic Data Processing by 7.2% in the fourth quarter. GAM Holding AG now owns 9,017 shares of the business services provider’s stock valued at $1,183,000 after purchasing an additional 602 shares during the period. BlackRock Inc. grew its position in shares of Automatic Data Processing by 5.4% in the fourth quarter. BlackRock Inc. now owns 30,996,337 shares of the business services provider’s stock valued at $4,064,239,000 after purchasing an additional 1,587,214 shares during the period. Doyle Wealth Management purchased a new stake in shares of Automatic Data Processing in the fourth quarter valued at $148,000. Finally, Institute for Wealth Management LLC. purchased a new stake in shares of Automatic Data Processing in the fourth quarter valued at $367,000. 77.89% of the stock is owned by hedge funds and other institutional investors.

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Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.

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

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