After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that ADP appoints Thomas J. Lynch as the new Independent Board Chair.
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Stocks Info
The company is listed on the NASDAQ and operates within the Staffing & Employment Services industry segment. At the end of the last regular session, the stock closed at $236.08 and fluctuated between $236.68 as its day high and $234.16 as its day low. The current market capitalization of Automatic Data Processing Inc. is $97.10B. A total of 1.18 million shares were traded on the day, compared to an average of 1.77M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ADP has seen 10 BUY and 0 SELL insider trades, representing the acquisition of 15,186 and the disposition of 0 shares. Over the last 12 months, there were 45 BUYs and 42 SELLs from insiders. Insiders purchased 419,037 shares during that period but sold 359,426.
In the most recent transaction, Ayala John sold 1,500 shares of ADP for 235.13 per share on Jan 16. After the transaction, the Corp. VP now owns 19,183 company shares. In a previous transaction on Jan 03, Black Maria sold 359 shares at 233.63 per share. ADP shares that President & CEO owns now total 53,697.
Among the insiders who sold shares, Kwon David disposed of 2,633 shares on Jan 02 at a per-share price of $233.38. This resulted in the Corp VP holding 8,154 shares of ADP after the transaction. In another insider transaction, McGuire Don sold 2,380 shares at $238.91 per share on Oct 03. Company shares held by the Corp VP now total 20,665.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Automatic Data Processing Inc. pays an annual dividend of $4.96, resulting in a dividend yield of 2.10%, and it has a price to earnings (P/E) ratio of 28.05. ADP’s most recent ex-dividend date was 3/7/2024 when it declared a $1.40 quarterly dividend that was paid in cash on 4/1/2024. Previously, the company paid the dividend on 1/1/2024 with an ex-dividend date of 12/7/2023. The ADP stock dividend was $1.40 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ADP in the last 3 months, the mean price target is $250.10 with high estimates of $280.00 and low estimates of $227.00. In terms of 52-week highs and lows, ADP has a high of $256.84 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 17 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
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.06.
