Investors purchased shares of Automatic Data Processing (NASDAQ:ADP) on weakness during trading on Monday. $67.34 million flowed into the stock on the tick-up and $39.50 million flowed out of the stock on the tick-down, for a money net flow of $27.84 million into the stock. Of all stocks tracked, Automatic Data Processing had the 11th highest net in-flow for the day. Automatic Data Processing traded down ($0.39) for the day and closed at $142.16

A number of research analysts have issued reports on the stock. Bank of America boosted their target price on shares of Automatic Data Processing from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, May 4th. BMO Capital Markets boosted their target price on shares of Automatic Data Processing from $118.00 to $126.00 and gave the company a “market perform” rating in a research note on Thursday, May 3rd. Stifel Nicolaus boosted their target price on shares of Automatic Data Processing from $126.00 to $148.00 and gave the company a “hold” rating in a research note on Wednesday, June 6th. Zacks Investment Research raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $146.00 target price for the company in a research note on Monday, May 28th. Finally, Morgan Stanley boosted their target price on shares of Automatic Data Processing from $114.00 to $122.00 and gave the company a “hold” rating in a research note on Thursday, May 3rd. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $137.07.

The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $61.02 billion, a P/E ratio of 32.68, a P/E/G ratio of 2.37 and a beta of 0.88.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, August 1st. The business services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Automatic Data Processing had a net margin of 12.16% and a return on equity of 50.17%. The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the firm earned $0.66 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. sell-side analysts expect that Automatic Data Processing will post 5.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.94%. Automatic Data Processing’s payout ratio is currently 63.45%.

In other news, insider Michael C. Eberhard sold 7,963 shares of the business’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $135.00, for a total transaction of $1,075,005.00. Following the sale, the insider now owns 43,437 shares in the company, valued at $5,863,995. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stuart Sackman sold 2,685 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $135.01, for a total transaction of $362,501.85. Following the sale, the vice president now owns 21,740 shares in the company, valued at approximately $2,935,117.40. The disclosure for this sale can be found here. Insiders have sold 23,723 shares of company stock worth $3,223,283 in the last 90 days. 0.25% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in ADP. Atlantic Trust LLC acquired a new stake in shares of Automatic Data Processing during the second quarter valued at approximately $104,000. Integrated Investment Consultants LLC purchased a new position in Automatic Data Processing during the second quarter valued at approximately $111,000. Jolley Asset Management LLC purchased a new position in Automatic Data Processing during the second quarter valued at approximately $117,000. Fort L.P. purchased a new position in Automatic Data Processing during the second quarter valued at approximately $119,000. Finally, Kaizen Advisory LLC grew its position in Automatic Data Processing by 149.7% during the second quarter. Kaizen Advisory LLC now owns 1,081 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 648 shares in the last quarter. Institutional investors and hedge funds own 78.93% of the company’s stock.

About Automatic Data Processing (NASDAQ:ADP)

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

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