ADP (ADP) Earning Somewhat Positive News Coverage, Study Finds

Headlines about ADP (NASDAQ:ADP) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. ADP earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.5825276597263 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

ADP has been the topic of several research analyst reports. Zacks Investment Research upgraded ADP from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research note on Friday, January 5th. Royal Bank of Canada upgraded ADP from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $119.00 to $130.00 in a research note on Monday, April 2nd. They noted that the move was a valuation call. Citigroup restated a “neutral” rating and set a $118.00 target price (up from $110.00) on shares of ADP in a research note on Friday, January 12th. Stifel Nicolaus boosted their target price on ADP from $113.00 to $133.00 and gave the stock a “hold” rating in a research note on Thursday, February 1st. Finally, BidaskClub upgraded ADP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. ADP has an average rating of “Hold” and an average price target of $120.21.



ADP traded down $0.32 on Thursday, reaching $115.26. 1,691,575 shares of the stock were exchanged, compared to its average volume of 2,303,600. ADP has a fifty-two week low of $95.50 and a fifty-two week high of $125.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $51,379.39, a P/E ratio of 31.15, a P/E/G ratio of 2.54 and a beta of 0.88.

ADP (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, January 31st. The business services provider reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.10. ADP had a return on equity of 43.28% and a net margin of 13.47%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. analysts predict that ADP will post 4.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, July 1st. Shareholders of record on Friday, June 8th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 2.39%. This is a boost from ADP’s previous quarterly dividend of $0.63. ADP’s payout ratio is currently 68.11%.

In other news, CEO Carlos A. Rodriguez sold 69,899 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $112.29, for a total value of $7,848,958.71. Following the completion of the transaction, the chief executive officer now owns 161,085 shares of the company’s stock, valued at approximately $18,088,234.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Donald Weinstein sold 3,242 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $125.00, for a total value of $405,250.00. Following the completion of the transaction, the vice president now directly owns 28,366 shares of the company’s stock, valued at approximately $3,545,750. The disclosure for this sale can be found here. In the last three months, insiders sold 104,161 shares of company stock valued at $12,037,893. Insiders own 0.25% of the company’s stock.

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About ADP

Automatic Data Processing, Inc provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) business process outsourcing and technology-enabled human capital management solutions.

Insider Buying and Selling by Quarter for ADP (NASDAQ:ADP)

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