Automatic Data Processing, Inc. (NASDAQ:ADP) VP Christopher D’ambrosio Sells 478 Shares of Stock

Automatic Data Processing, Inc. (NASDAQ:ADP) VP Christopher D’ambrosio sold 478 shares of the firm’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $293.14, for a total value of $140,120.92. Following the completion of the sale, the vice president now directly owns 7,364 shares in the company, valued at approximately $2,158,682.96. This represents a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Christopher D’ambrosio also recently made the following trade(s):

• On Monday, March 10th, Christopher D’ambrosio sold 473 shares of Automatic Data Processing stock. The shares were sold at an average price of $306.20, for a total value of $144,832.60.

Automatic Data Processing Trading Up 0.7 %

Shares of ADP opened at $301.56 on Tuesday. The stock has a 50 day simple moving average of $302.25 and a 200-day simple moving average of $297.93. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. The stock has a market cap of $122.87 billion, a PE ratio of 31.45, a PEG ratio of 3.62 and a beta of 0.74. Automatic Data Processing, Inc. has a 1 year low of $231.27 and a 1 year high of $322.84.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, January 29th. The business services provider reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. On average, sell-side analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, June 13th. Automatic Data Processing’s dividend payout ratio is currently 64.23%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group increased their price objective on Automatic Data Processing from $290.00 to $305.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Barclays increased their price target on shares of Automatic Data Processing from $325.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, January 30th. StockNews.com downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, UBS Group upped their price target on Automatic Data Processing from $318.00 to $324.00 and gave the company a “neutral” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and an average target price of $302.30.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Littlejohn Financial Services Inc. acquired a new position in Automatic Data Processing during the 4th quarter valued at about $708,000. Bath Savings Trust Co lifted its holdings in Automatic Data Processing by 2.0% in the fourth quarter. Bath Savings Trust Co now owns 99,299 shares of the business services provider’s stock valued at $29,068,000 after buying an additional 1,951 shares during the period. Principal Financial Group Inc. lifted its holdings in Automatic Data Processing by 4.5% in the third quarter. Principal Financial Group Inc. now owns 529,690 shares of the business services provider’s stock valued at $146,581,000 after buying an additional 22,766 shares during the period. Franklin Resources Inc. boosted its stake in Automatic Data Processing by 8.4% in the third quarter. Franklin Resources Inc. now owns 667,068 shares of the business services provider’s stock valued at $194,117,000 after acquiring an additional 51,828 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC grew its holdings in Automatic Data Processing by 121.7% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 12,898 shares of the business services provider’s stock worth $3,776,000 after acquiring an additional 7,080 shares during the period. 80.03% of the stock is currently owned by institutional investors.

About Automatic Data Processing

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.