Insider Selling: Automatic Data Processing, Inc. (NASDAQ:ADP) VP Sells $305,322.05 in Stock

Automatic Data Processing, Inc. (NASDAQ:ADP) VP David Foskett sold 1,067 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $286.15, for a total value of $305,322.05. Following the sale, the vice president now owns 6,140 shares in the company, valued at $1,756,961. The trade was a 14.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

David Foskett also recently made the following trade(s):

• On Monday, January 6th, David Foskett sold 1,004 shares of Automatic Data Processing stock. The stock was sold at an average price of $289.29, for a total transaction of $290,447.16.

Automatic Data Processing Trading Up 1.0 %

ADP stock opened at $296.23 on Friday. The firm has a market cap of $120.70 billion, a P/E ratio of 31.61, a PEG ratio of 3.34 and a beta of 0.79. The company’s 50-day simple moving average is $298.24 and its 200-day simple moving average is $279.45. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.56. Automatic Data Processing, Inc. has a 52-week low of $231.27 and a 52-week high of $309.63.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.12. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.77 billion. Automatic Data Processing had a net margin of 19.72% and a return on equity of 82.36%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.08 earnings per share. As a group, equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $1.54 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.16 annualized dividend and a dividend yield of 2.08%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 65.74%.

Wall Street Analysts Forecast Growth

ADP has been the subject of several research reports. Royal Bank of Canada lifted their price objective on shares of 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. UBS Group upped their target price on Automatic Data Processing from $270.00 to $295.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Mizuho increased their price objective on shares of Automatic Data Processing from $281.00 to $310.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. StockNews.com downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. Finally, Citigroup increased their price target on Automatic Data Processing from $260.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Automatic Data Processing presently has an average rating of “Hold” and an average target price of $289.91.

Institutional Trading of Automatic Data Processing

A number of institutional investors have recently made changes to their positions in ADP. Aspiriant LLC boosted its stake in Automatic Data Processing by 1.5% during the 4th quarter. Aspiriant LLC now owns 2,372 shares of the business services provider’s stock worth $694,000 after purchasing an additional 36 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in Automatic Data Processing by 76.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 76,206 shares of the business services provider’s stock worth $22,308,000 after acquiring an additional 32,906 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in Automatic Data Processing during the 4th quarter valued at about $37,000. Mitchell & Pahl Private Wealth LLC raised its holdings in Automatic Data Processing by 4.6% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 8,604 shares of the business services provider’s stock valued at $2,519,000 after acquiring an additional 382 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in Automatic Data Processing by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 21,401 shares of the business services provider’s stock worth $6,265,000 after purchasing an additional 461 shares in the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Company Profile

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.