ADP Automatic Data Processing Inc Stock Price & News

JPMorgan Chase & Co. upped their price target on shares of Automatic Data Processing from $260.00 to $280.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 22nd. Finally, Barclays increased their price objective on shares of Automatic Data Processing from $275.00 to $285.00 in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock.

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• ADP reported Wednesday fiscal third-quarter earnings that topped expectations, and nudged up its full-year profit outlook while keeping its revenue outlook intact.
• The consensus mark for fiscal 2024 earnings has moved 1.9% north in the past 60 days.
• A hold rating indicates that analysts believe investors should maintain any existing positions they have in ADP, but not buy additional shares or sell existing shares.
• Shares of Automatic Data Processing Inc. ( ADP , Financial) have fallen more than 14% since the last time I looked at the stock at the end of last year.

Senior investors who want relatively stress-free income and income growth may want to make these names a part of their portfolio. Industrial stocks might not be the most exciting positions to own, but they play a vital role in any well-rounded portfolio. Most employees in the U.S. likely know the ADP brand name as it likely shows up on their paycheck every two weeks. Although the payroll services market is still highly fragmented, the largest in that …

But today, we are serving up the main course with these 11 stocks well on their way to becoming dividend kings. We have ordered this list by how many consecutive years these companies have grown their… ADP reported Wednesday fiscal third-quarter earnings that topped expectations, and nudged up its full-year profit outlook while keeping its revenue outlook intact. Automatic Data Processing ( ADP , Financial) shares seem to be out of favor as they have lost about 8% in 2023 when all major U.S. stock market indices have gained.

There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

About Automatic Data Processing (NASDAQ:ADP) Stock

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. 7 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Automatic Data Processing in the last year. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock.

• Robert W. Baird increased their price target on Automatic Data Processing from $235.00 to $270.00 in a research report on Thursday, July 27th.
• Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide.
• Automatic Data Processing saw a decrease in short interest during the month of August.
• Industrial stocks might not be the most exciting positions to own, but they play a vital role in any well-rounded portfolio.
• Automatic Data Processing declared a quarterly dividend on Thursday, August 3rd.
• Find out what caused a blowout move higher for the markets.

Generative AI enhancement turns innovative HR and payroll app into intuitive advisor for small businesses; Solution to be offered in Europe this fall. Here are some of the tickers on my radar for Thursday, Aug. 17, taken directly from my reporter’s notebook. https://1investing.in/ The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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ADP is a provider of payroll and human capital management solutions servicing the full scope of businesses from micro to global enterprises. ADP was established in 1949 and serves over 1 million clients primarily in the United States. ADP’s employer services segment offers payroll, human capital management solutions, human resources outsourcing, insurance and retirement services.

The consensus among Wall Street research analysts is that investors should “hold” ADP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ADP, but not buy additional shares or sell existing shares. Automatic Data Processing updated its FY 2024 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $9.05-$9.22 for the period, compared to the consensus earnings per share estimate of $8.92.

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This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.01%. Verisk Analytics (VRSK Quick QuoteVRSK – Free Report) beat the Zacks Consensus Estimate in three of the four previous quarters and matched on one instance, with an average of 9.9%. The consensus mark for 2023 revenues is pegged at $2.66 billion, which indicates a decrease of 8.2% from the year-ago figure. Earnings are pegged at $5.71 for 2023, which is 14% above the year-ago figure.

Automatic Data Processing’s stock is owned by a number of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (10.83%), BlackRock Inc. (8.22%), State Street Corp (4.36%), Geode Capital Management LLC (2.26%), Bank of New York Mellon Corp (2.23%) and Alliancebernstein L.P.

The smaller but faster-growing professional employer organization segment provides HR outsourcing solutions to small and midsize businesses through a co-employment model. Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO).

ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next difference between face value and book value days. Automatic Data Processing, Inc. (ADP Quick QuoteADP – Free Report) shares have had an impressive run over the past six months. You’ll want to own these stocks when the next bull market begins. These stocks will pay you as high as a 7% yield to hold them.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

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This represents a $5.00 annualized dividend and a dividend yield of 2.01%. Automatic Data Processing’s dividend payout ratio (DPR) is 60.98%. ADP has invested heavily over the past decade to develop public cloud native solutions and consolidate its portfolio of disparate platforms. Automatic Data Processing declared a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, September 8th will be given a dividend of $1.25 per share on Sunday, October 1st.

Automatic Data Processing saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 3,990,000 shares, a decrease of 9.9% from the August 15th total of 4,430,000 shares. Based on an average daily volume of 1,560,000 shares, the short-interest ratio is presently 2.6 days. Approximately 1.0% of the shares of the company are sold short. Style is an investment factor that has a meaningful impact on investment risk and returns.

Through these initiatives, the company continues to innovate, improve operations, expand margins and enhance innovation abilities. Not all stocks are subject to market-wide weakness, as their underlying companies are reliably resilient. Shares of Automatic Data Processing Inc. ( ADP , Financial) have fallen more than 14% since the last time I looked at the stock at the end of last year. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

Automatic Data Processing Estimates* in EUR

The company issued revenue guidance of $19.09 billion-$19.27 billion, compared to the consensus revenue estimate of $18.97 billion. The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 8th will be issued a $1.25 dividend.

5,336 employees have rated Automatic Data Processing Chief Executive Officer Carlos A. Rodriguez on Glassdoor.com. Carlos A. Rodriguez has an approval rating of 90% among the company’s employees. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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It is expanding its international HCM and HRO businesses with established local, in-country software solutions and cloud-based multi-country solutions. Automatic Data Processing Inc. said Wednesday it was increasing its quarterly dividend by 20.2%, to $1.25 a share from $1.04 a share. The human resources outsourcing company new dividend will be payable Jan. 1 to sharehol…

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.