Automatic Data Processing (NASDAQ:ADP) VP John Ayala sold 3,121 shares of the stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $133.98, for a total value of $418,151.58. Following the completion of the transaction, the vice president now directly owns 4,140 shares of the company’s stock, valued at approximately $554,677.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

ADP stock traded up $0.82 during mid-day trading on Wednesday, hitting $133.99. The stock had a trading volume of 850,439 shares, compared to its average volume of 1,964,825. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.03 and a quick ratio of 1.03. Automatic Data Processing has a 1-year low of $107.61 and a 1-year high of $153.51. The firm has a market cap of $59.17 billion, a P/E ratio of 30.80, a PEG ratio of 2.05 and a beta of 0.95.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, October 31st. The business services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.09. Automatic Data Processing had a return on equity of 50.96% and a net margin of 12.71%. The company had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the firm posted $0.94 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. As a group, research analysts expect that Automatic Data Processing will post 5.27 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, March 7th. Automatic Data Processing’s payout ratio is currently 72.64%.

Several analysts have recently weighed in on ADP shares. Jefferies Financial Group started coverage on Automatic Data Processing in a report on Monday, October 1st. They issued a “hold” rating and a $160.00 price objective for the company. Moffett Nathanson started coverage on Automatic Data Processing in a report on Thursday, October 4th. They set a “buy” rating and a $180.00 target price for the company. Zacks Investment Research downgraded Automatic Data Processing from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Citigroup upped their target price on Automatic Data Processing from $137.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, November 1st. Finally, BMO Capital Markets reduced their target price on Automatic Data Processing from $155.00 to $150.00 and set a “market perform” rating for the company in a report on Thursday, November 1st. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Automatic Data Processing presently has an average rating of “Buy” and a consensus target price of $151.87.

A number of hedge funds have recently modified their holdings of ADP. JPMorgan Chase & Co. increased its holdings in shares of Automatic Data Processing by 213.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,639,847 shares of the business services provider’s stock valued at $1,301,682,000 after acquiring an additional 5,880,242 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Automatic Data Processing during the 3rd quarter valued at approximately $156,978,000. Deutsche Bank AG increased its position in Automatic Data Processing by 36.3% during the third quarter. Deutsche Bank AG now owns 2,546,248 shares of the business services provider’s stock worth $383,612,000 after buying an additional 678,657 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Automatic Data Processing by 9,857.0% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 574,919 shares of the business services provider’s stock valued at $86,617,000 after purchasing an additional 569,145 shares during the last quarter. Finally, Vanguard Group Inc grew its position in shares of Automatic Data Processing by 1.2% in the third quarter. Vanguard Group Inc now owns 36,946,069 shares of the business services provider’s stock valued at $5,566,295,000 after purchasing an additional 425,007 shares during the last quarter. 77.85% of the stock is currently owned by institutional investors.

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About Automatic Data Processing

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

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