Automatic Data Processing (NYSE:ADP) saw unusually large options trading activity on Tuesday. Traders acquired 15,090 put options on the stock. This represents an increase of 264% compared to the average volume of 4,143 put options.

Shares of Automatic Data Processing (NYSE ADP) opened at 108.90 on Friday. The firm has a 50-day moving average price of $106.07 and a 200 day moving average price of $102.56. Automatic Data Processing has a 52 week low of $85.48 and a 52 week high of $121.77. The stock has a market cap of $48.39 billion and a price-to-earnings ratio of 28.29.

Automatic Data Processing (NYSE:ADP) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.02. Automatic Data Processing had a return on equity of 59.56% and a net margin of 17.24%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the firm earned $0.69 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. On average, analysts forecast that Automatic Data Processing will post $3.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 8th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Thursday, September 7th.

Several research firms recently weighed in on ADP. Wells Fargo & Company restated a “market perform” rating on shares of Automatic Data Processing in a research report on Wednesday. BMO Capital Markets restated a “market perform” rating and issued a $105.00 price objective on shares of Automatic Data Processing in a research report on Wednesday. Argus upped their price objective on shares of Automatic Data Processing from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Morgan Stanley cut shares of Automatic Data Processing from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $98.00 to $100.00 in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada upped their price objective on shares of Automatic Data Processing from $94.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $104.96.

In related news, insider Michael A. Bonarti sold 2,932 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $101.98, for a total value of $299,005.36. Following the transaction, the insider now directly owns 46,256 shares in the company, valued at $4,717,186.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Donald Weinstein sold 1,933 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $101.98, for a total transaction of $197,127.34. Following the completion of the transaction, the vice president now owns 25,737 shares in the company, valued at $2,624,659.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,620 shares of company stock worth $9,435,757.

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Automatic Data Processing by 4.4% in the first quarter. Vanguard Group Inc. now owns 34,188,021 shares of the business services provider’s stock worth $3,500,512,000 after buying an additional 1,430,863 shares during the last quarter. BlackRock Inc. increased its stake in 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 worth $3,060,398,000 after buying an additional 237,439 shares during the last quarter. Alliancebernstein L.P. increased its stake in Automatic Data Processing by 6.2% in the first quarter. Alliancebernstein L.P. now owns 8,345,691 shares of the business services provider’s stock worth $854,515,000 after buying an additional 485,320 shares during the last quarter. Wells Fargo & Company MN increased its stake in Automatic Data Processing by 2.9% in the second quarter. Wells Fargo & Company MN now owns 6,794,660 shares of the business services provider’s stock worth $696,182,000 after buying an additional 190,717 shares during the last quarter. Finally, Polen Capital Management LLC increased its stake in Automatic Data Processing by 6.6% in the second quarter. Polen Capital Management LLC now owns 6,661,902 shares of the business services provider’s stock worth $682,578,000 after buying an additional 411,369 shares during the last quarter.

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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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