Somewhat Positive Media Coverage Somewhat Unlikely to Impact Automatic Data Processing (ADP) Share Price
Headlines about Automatic Data Processing (NYSE:ADP) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Automatic Data Processing earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.312491907253 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Should You Buy Automatic Data Processing Inc (ADP) At This PE Ratio? (finance.yahoo.com)
- Stocks Ringing Investment Alarms: Automatic Data Processing, Inc. (NASDAQ:ADP), Tribune Media Company (NYSE … – Investing News Update (investingbizz.com)
- Pershing Square Letter – Nominees For ADP’s Transformation … – Seeking Alpha (seekingalpha.com)
- Automatic Data Processing : KPMG, ADP Alliance Helps Businesses More Easily Capture New Federal R&D Tax Credit (4-traders.com)
- Stock Performance Review on Business Software & Services … – PR Newswire (press release) (prnewswire.com)
A number of brokerages have recently commented on ADP. Goldman Sachs Group, Inc. (The) cut Automatic Data Processing from a “buy” rating to a “neutral” rating and dropped their price target for the company from $115.00 to $108.00 in a research note on Tuesday, June 20th. Royal Bank Of Canada increased their price target on Automatic Data Processing from $94.00 to $95.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $108.00 price target (up from $103.00) on shares of Automatic Data Processing in a research note on Sunday, July 30th. Finally, Barclays PLC cut Automatic Data Processing from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $110.00 to $105.00 in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. Automatic Data Processing currently has a consensus rating of “Hold” and a consensus price target of $107.81.
Shares of Automatic Data Processing (ADP) traded up 0.28% during mid-day trading on Friday, reaching $109.32. The company’s stock had a trading volume of 1,226,259 shares. The firm has a market cap of $48.58 billion and a price-to-earnings ratio of 28.39. Automatic Data Processing has a 12 month low of $85.48 and a 12 month high of $121.77. The company’s 50-day moving average is $107.88 and its 200 day moving average is $103.85.
Automatic Data Processing (NYSE:ADP) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.65 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.02). The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.04 billion. Automatic Data Processing had a net margin of 8.67% and a return on equity of 26.39%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.69 earnings per share. On average, equities analysts anticipate that Automatic Data Processing will post $3.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 8th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, September 7th.
In related news, VP Donald Weinstein sold 1,933 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $101.98, for a total transaction of $197,127.34. Following the transaction, the vice president now owns 25,737 shares in the company, valued at $2,624,659.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brock Albinson sold 3,663 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $106.54, for a total transaction of $390,256.02. Following the transaction, the vice president now owns 6,287 shares in the company, valued at approximately $669,816.98. The disclosure for this sale can be found here. Insiders have sold 45,522 shares of company stock worth $4,953,609 in the last quarter.
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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