Automatic Data Processing (ADP) is set to release its results on Wednesday
Automatic data processing (NASDAQ: ADP – Get a rating) is expected to announce its results before the market opens on Wednesday, April 27. Analysts expect the company to report earnings of $2.07 per share for the quarter. Automatic Data Processing pegged its forecast for FY22 at $6.74-6.86 EPS. Parties interested in participating in the company’s conference call can do so using this link.
Automatic data processing (NASDAQ: ADP – Get a rating) last announced its quarterly results on Wednesday, January 26. The business services provider reported earnings per share of $1.65 for the quarter, beating analyst consensus estimates of $1.63 by $0.02. Automatic Data Processing has a return on equity of 50.01% and a net margin of 17.48%. The company posted revenue of $4.03 billion in the quarter, compared to $3.98 billion expected by analysts. In the same quarter last year, the company posted earnings per share of $1.52. The company’s revenue for the quarter increased 8.9% year over year. On average, analysts expect Automatic Data Processing to post EPS of $7 for the current fiscal year and EPS of $8 for the next fiscal year.
ADP Share opened at $229.60 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt ratio of 0.59. The stock has a market capitalization of $96.44 billion, a price-to-earnings ratio of 35.54, a growth price-to-earnings 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 1. Shareholders of record on Friday, June 10 will receive a dividend of $1.04 per share. This represents a dividend of $4.16 on an annualized basis and a dividend yield of 1.81%. The ex-date of this dividend is Thursday, June 9. The distribution rate of automatic data processing is currently 64.40%.
In other news, VP Deborah L. Dyson sold 2,787 shares of the company in a trade that took place on Tuesday, April 5. 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, valued at $6,253,806.65. The transaction was disclosed in a document filed with the SEC, accessible via this link. Also, Vice President Christopher D’Ambrosio sold 329 shares of the company in a transaction that took place on Monday, February 7. The stock was sold at an average price of $206.93, for a total value of $68,079.97. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 4,787 shares of the company valued at $1,073,466. Company insiders own 0.34% of the company’s shares.
A number of hedge funds have been buying and selling stocks recently. 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 worth $1,164,000 after purchasing an additional 75 shares during the period. Flagship Harbor Advisors LLC increased 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 valued at $841,000 after acquiring 357 additional shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Automatic Data Processing during Q4 for $610,000. Penserra Capital Management LLC increased 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 worth $511,000 after acquiring 337 additional shares during the period. Finally, Zullo Investment Group Inc. acquired a new stake in the shares of Automatic Data Processing during the 4th quarter at a value of $396,000. Hedge funds and other institutional investors hold 78.71% of the company’s shares.
Several analysts have weighed in on the company recently. Deutsche Bank Aktiengesellschaft lowered its price target on automatic data processing from $235.00 to $203.00 and set a “hold” rating for the company in a Thursday, January 27 report. Robert W. Baird reduced his target price on Automatic Data Processing from $242.00 to $220.00 in a Thursday, January 27 research note. Zacks Investment Research moved shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a price target of $241.00 for the company in a Tuesday, Dec. 21 research note. Mizuho cut its price target on automatic data processing from $245.00 to $235.00 and set a “buy” rating for the company in a Monday, February 14 research note. Finally, Bank of America upgraded automatic data processing stocks from an “underperforming” rating to a “neutral” rating and set a target price of $223.00 for the company in a Wednesday report. March 9. One analyst has assigned the stock a sell rating, ten have issued a hold rating and four have assigned the stock a buy rating. According to data from MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and an average price target of $226.93.
Automatic Data Processing Company Profile (Get a rating)
Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic cloud-based platforms and human resource (HR) outsourcing solutions.
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