Automatic Data Processing (NASDAQ:ADP – Get Rating) is scheduled to be announcing its earnings results before the market opens on Wednesday, April 27th. Analysts expect the company to announce earnings of $2.07 per share for the quarter. Automatic Data Processing has set its FY22 guidance at $6.74-6.86 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Automatic Data Processing (NASDAQ:ADP – Get Rating) last announced its quarterly earnings results on Wednesday, January 26th. The business services provider reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.02. Automatic Data Processing had a return on equity of 50.01% and a net margin of 17.48%. The business had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter last year, the business posted $1.52 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts expect Automatic Data Processing to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
ADP stock opened at $229.60 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $96.44 billion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 2.80 and a beta of 0.84. The stock’s fifty day simple moving average is $215.44 and its 200-day simple moving average is $221.78. Automatic Data Processing has a 52-week low of $184.85 and a 52-week high of $248.96.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Friday, June 10th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, June 9th. Automatic Data Processing’s payout ratio is currently 64.40%.
In other news, VP Deborah L. Dyson sold 2,787 shares of the firm’s stock in a transaction that occurred on Tuesday, April 5th. The shares were sold at an average price of $234.55, for a total transaction of $653,690.85. Following the completion of the sale, the vice president now owns 26,663 shares of the company’s stock, valued at $6,253,806.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Christopher D’ambrosio sold 329 shares of the business’s stock in a transaction that occurred on Monday, February 7th. The stock was sold at an average price of $206.93, for a total value of $68,079.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,787 shares of company stock valued at $1,073,466. Corporate insiders own 0.34% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. EP Wealth Advisors LLC increased its position in Automatic Data Processing by 1.6% in the fourth quarter. EP Wealth Advisors LLC now owns 4,721 shares of the business services provider’s stock worth $1,164,000 after purchasing an additional 75 shares during the period. Flagship Harbor Advisors LLC boosted its stake in Automatic Data Processing by 11.7% in the fourth quarter. Flagship Harbor Advisors LLC now owns 3,409 shares of the business services provider’s stock valued at $841,000 after acquiring an additional 357 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Automatic Data Processing during the 4th quarter worth $610,000. Penserra Capital Management LLC grew its holdings in Automatic Data Processing by 19.4% during the 4th quarter. Penserra Capital Management LLC now owns 2,075 shares of the business services provider’s stock worth $511,000 after acquiring an additional 337 shares during the period. Finally, Zullo Investment Group Inc. bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at $396,000. Hedge funds and other institutional investors own 78.71% of the company’s stock.
Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Automatic Data Processing from $235.00 to $203.00 and set a “hold” rating for the company in a report on Thursday, January 27th. Robert W. Baird cut their target price on Automatic Data Processing from $242.00 to $220.00 in a research note on Thursday, January 27th. Zacks Investment Research raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $241.00 price target for the company in a research note on Tuesday, December 21st. Mizuho decreased their target price on Automatic Data Processing from $245.00 to $235.00 and set a “buy” rating for the company in a research note on Monday, February 14th. Finally, Bank of America upgraded shares of Automatic Data Processing from an “underperform” rating to a “neutral” rating and set a $223.00 target price for the company in a report on Wednesday, March 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and an average price target of $226.93.
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.