Automatic Data Processing (NASDAQ:ADP - Get Free Report) posted its quarterly earnings data on Wednesday. The business services provider reported $2.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.30 by $0.05, Zacks reports. Automatic Data Processing had a net margin of 19.72% and a return on equity of 82.36%. Automatic Data Processing updated its FY 2025 guidance to 9.820-10.010 EPS.
Automatic Data Processing Price Performance
ADP traded up $2.26 during midday trading on Wednesday, hitting $300.57. The stock had a trading volume of 2,763,238 shares, compared to its average volume of 1,737,983. The company has a market cap of $122.47 billion, a P/E ratio of 32.08, a price-to-earnings-growth ratio of 3.45 and a beta of 0.79. Automatic Data Processing has a 1 year low of $231.27 and a 1 year high of $311.67. The business has a fifty day moving average of $297.19 and a 200 day moving average of $283.65. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.01.
Automatic Data Processing Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $1.54 per share. The ex-dividend date is Friday, March 14th. This represents a $6.16 annualized dividend and a dividend yield of 2.05%. Automatic Data Processing's dividend payout ratio (DPR) is presently 65.74%.
Analyst Ratings Changes
A number of brokerages have recently commented on ADP. Mizuho upped their price target on Automatic Data Processing from $281.00 to $310.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. TD Cowen upped their price target on shares of Automatic Data Processing from $276.00 to $285.00 and gave the company a "hold" rating in a research note on Friday, November 1st. UBS Group boosted their target price on shares of Automatic Data Processing from $270.00 to $295.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Jefferies Financial Group lifted their price target on Automatic Data Processing from $260.00 to $290.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada raised their target price on Automatic Data Processing from $267.00 to $315.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Automatic Data Processing currently has an average rating of "Hold" and a consensus target price of $289.91.
Check Out Our Latest Research Report on ADP
Insider Transactions at Automatic Data Processing
In related news, VP Sreenivasa Kutam sold 38,975 shares of Automatic Data Processing stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $300.00, for a total value of $11,692,500.00. Following the transaction, the vice president now directly owns 32,604 shares of the company's stock, valued at $9,781,200. The trade was a 54.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian L. Michaud sold 362 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $293.83, for a total transaction of $106,366.46. Following the sale, the vice president now directly owns 13,706 shares of the company's stock, valued at $4,027,233.98. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,129 shares of company stock worth $12,604,872. 0.21% of the stock is currently owned by insiders.
About Automatic Data Processing
(
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Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.
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