Automatic Data Processing, Inc. (NASDAQ:ADP) VP Sells Stock for $57,544.20

Vice President Laura G. Brown, also a shareholder of Automatic Data Processing, Inc., listed 252 shares of her company for sale during the Oct. 3 trading session (NASDAQ: ADP). The transaction involved the sale of the shares at an average price of $228.35 per share, which resulted in a total sale volume of $57,544.20. As a result of the transaction, the vice president now owns 6,016 shares of the company. Based on the current stock price, this gives the Vice President a total wealth of approximately $1,373,753.60. If you follow this link, you will be redirected to the SEC filing where the transaction was discussed in more detail. Deposit $100 and get $110 to trade stocks
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Automatic Data Processing (NASDAQ: ADP) released its latest earnings report on July 27, and the report was well received. The business services provider reported earnings per share for the quarter of $1.50, $0.02 higher than the consensus estimate of $1.48. The return on equity for automatic data processing was calculated at 66.25%, while the company’s net margin was calculated at 17.87%. Contrary to the $4.05 billion in sales that relevant industry professionals predicted the company would achieve in the quarter, the company generated $4.13 billion in revenue during this period. The company reported earnings of $1.20 per share, a 20% increase over results reported for the same quarter a year earlier. Compared to the same quarter of the previous year, the increase in turnover was 10.5% higher than before. Sell-side analysts predict Automatic Data Processing, Inc. will generate $8.05 per share in revenue in 2018.
Additionally, the company recently announced and paid a quarterly dividend, which was done on the first of this month, October, and was paid to shareholders. On Friday, September 9, dividends of $1.04 were distributed to owners who still held their shares. This took place after the distribution date of the previous Friday, September 2. This equates to a dividend payment of $4.16 per year and a 1.76% return on investment. The start of the ex-dividend period took place on Thursday 8 September. 59.34% of Automatic Data Processing Corporation’s revenue is paid out as dividends.

ADP’s stock price rose $4.37 in Tuesday’s trading session, bringing the company’s total to $236.62 at the end of the day. The total number of company shares that changed hands was 1,940,998, which is higher than the average daily share volume of 1,842,571 shares. Over the previous 52 weeks, the price of a share of Automatic Data Processing, Inc. ranged from a low of $192.26 to a high of $261.59. The general liquidity ratio is currently 0.99, while the current and debt-to-equity ratios are both 0.93. The debt ratio is currently 0.93. All of the factors that contribute to the company’s current valuation of $98.27 billion are as follows: the company has a beta of 0.83, a PE ratio of 33.13 and a PEG ratio of 2 ,34. The company had a simple moving average of $226.87 over the past 200 days, while the simple moving average over the past 50 days was $242.53.

As a result of recent events, several large investors have changed the proportion of company shares they currently hold in their portfolios. BlackRock Inc. increased the percentage of automatic data processing shares it held by 5.1% in the first three months. BlackRock Inc. now owns 33,637,473 shares of the business services provider after purchasing an additional 1,642,852 shares during the period in question. This gives the company a market value of $7,653,871,000 due to the shares currently outstanding. Additionally, Automatic Data Processing’s percentage of shares in Charles Schwab Investment Management Inc. increased 7.4% in the first quarter after the company purchased additional shares. Charles Schwab Investment Management Inc. now owns 6,689,136 shares of the business services provider after buying an additional 461,438 shares in the most recent period. The value of these shares, added to the value of the other assets of the company, amounts to a total of $1,522,047,000. In the first three months of 2018, Capital World Investors was able to amass an additional 16.9% of automatic data processing shares, bringing the total share percentage of this company to 26.1%. After making 779,457 additional share purchases during the quarter, Capital World Investors now owns a total of 5,393,160 shares of the business services provider. These shares have a combined value of a total of $1,227,160, bringing the company’s overall investment to $1,227,160. In the first three months of 2018, Capital Research Global Investors bought an additional 10.5% of automatic data processing shares. This purchase brought the total percentage of ADP shares held by the company to 75%. Following the acquisition of an additional 364,087 shares of the business services provider’s stock last quarter, Capital Research Global Investors now owns 3,839,498 shares of the company’s stock. The current market value of these shares is $873,639,000.
Last but not least, during the second quarter, Legal & General Group Plc increased the amount of its automatic data processing inventory held by 3.3%. This should certainly not be considered the least important development. Following the acquisition of an additional 101,869 shares during the period in question, Legal & General Group Plc now owns 3,192,438 shares in the capital of the business services provider. The value of Legal & General Group Plc’s holdings in the business services provider’s stock is estimated at $670,539,000. Currently, institutional investors, such as hedge funds and other types of institutional investors, own 79.06% of the company’s shares.

Many investment research analysts have recently focused their efforts on ADP shares. In a research note released Thursday, July 28, Morgan Stanley raised its rating for automatic data processing from “equal weight” to “overweight” and raised its price target for the company’s stock by $235.00. at $245.00 in a research note. Barclays raised its price target for automatic data processing on Tuesday (August 9) in a publicly available research report. The new price target is $280.00. Following the release of their analysis on Tuesday, September 20, Cowen raised its price target for Automatic Data Processing from $230.00 to $236.00. The new price target can be found here. Following the release of their analysis on Tuesday, September 20, Cowen raised its price target for Automatic Data Processing from $230.00 to $236.00. The new price target can be found here. Wolfe Research lowered its price target for automatic data processing from $235.00 to $210.00 in a study released Wednesday, July 20. The stock was recommended to “hold” by nine analysts, while two additional analysts recommended the stock to “buy.” Most research companies currently have a “Hold” rating for automatic data processing, and the average price target they have set for the company is $236.85. These details were obtained from Bloomberg.

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