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Monday, December 4, 2023

Insights Into Automatic Data Processing Inc. (ADP) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Automatic Data Processing Inc. (ADP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.00%, to $226.36. The Automatic Data Processing Inc. has recorded 123,788 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that ADP to Present at Upcoming Investor Conferences.

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Stocks Info

Automatic Data Processing Inc. is listed on the NASDAQ in the Industrials sector while operating in the Staffing & Employment Services industry. At the end of the last regular session, the stock closed at $226.35 and fluctuated between $227.53 as its day high and $226.09 as its day low. The current market capitalization of Automatic Data Processing Inc. is $93.10B. A total of 1.23 million shares were traded on the day, compared to an average of 1.51M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ADP has seen 22 BUY and 35 SELL insider trades, representing the acquisition of 215,305 and the disposition of 330,771 shares. Over the last 12 months, there were 47 BUYs and 62 SELLs from insiders. Insiders purchased 583,358 shares during that period but sold 534,554.

In the most recent transaction, McGuire Don sold 2,380 shares of ADP for 238.91 per share on Oct 03. After the transaction, the Corp VP now owns 20,665 company shares. In a previous transaction on Sep 12, Rodriguez Carlos A sold 52,254 shares at 247.93 per share. ADP shares that Executive Chair owns now total 44,859.

Among the insiders who sold shares, Rodriguez Carlos A disposed of 58,864 shares on Sep 07 at a per-share price of $250.42. This resulted in the Executive Chair holding 44,859 shares of ADP after the transaction. In another insider transaction, Rodriguez Carlos A sold 39,250 shares at $251.01 per share on Sep 06. Company shares held by the Executive Chair now total 44,859.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Automatic Data Processing Inc. pays an annual dividend of $4.95, resulting in a dividend yield of 2.19%, and it has a price to earnings (P/E) ratio of 26.89. ADP’s most recent ex-dividend date was 12/7/2023 when it declared a $1.40 quarterly dividend that was paid in cash on 1/1/2024. Previously, the company paid the dividend on 10/1/2023 with an ex-dividend date of 9/7/2023. The ADP stock dividend was $1.25 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ADP in the last 3 months, the mean price target is $247.39 with high estimates of $280.00 and low estimates of $217.00. In terms of 52-week highs and lows, ADP has a high of $274.92 and a low of $201.46.

As of this writing, ADP has an earnings estimate of $2.11 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $2.17 per share and a lower estimate of $2.06. The company reported an EPS of $1.89 in the last quarter, which was 3.30% higher than expectations of $1.83.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ADP’s latest balance sheet shows that the firm has $1.44B in Cash & Short Term Investments as of fiscal 2022. There were $3.36B in debt and $55.16B in liabilities at the time. Its Book Value Per Share was $8.44, while its Total Shareholder’s Equity was $3.23B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ADP is Buy with a score of 3.07.

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