Automatic Data Processing (NASDAQ:ADP) VP Virginia Magliulo Sells 852 Shares of Company Stock

Automatic Data Processing, Inc. (NASDAQ:ADP) VP Virginia Magliulo sold 852 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $310.01, for a total transaction of $264,128.52. Following the completion of the sale, the vice president owned 14,865 shares of the company’s stock, valued at approximately $4,608,298.65. The trade was a 5.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Virginia Magliulo also recently made the following trade(s):

• On Friday, October 30th, Virginia Magliulo sold 2,927 shares of Automatic Data Processing stock. The shares were sold at an average price of $293.70, for a total transaction of $859,659.90.

Automatic Data Processing Trading Down 1.2%

Shares of NASDAQ:ADP traded down $3.79 during midday trading on Friday, hitting $303.35. 2,351,228 shares of the stock traded hands, compared to its average volume of 2,848,554. The business’s 50 day moving average is $278.80 and its two-hundred day moving average is $241.67. The stock has a market capitalization of $119.75 billion, a PE ratio of 26.89, a P/E/G ratio of 2.72 and a beta of 0.77. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.98. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $310.98.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, October 28th. The business services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Automatic Data Processing had a return on equity of 77.01% and a net margin of 20.33%. The firm had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the firm posted $2.49 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts forecast that Automatic Data Processing, Inc. will post 12.38 earnings per share for the current year.

Analyst Ratings Changes

ADP has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Automatic Data Processing from $260.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Jefferies Financial Group raised their target price on shares of Automatic Data Processing from $225.00 to $250.00 and gave the stock an “underperform” rating in a report on Wednesday, October 28th. Weiss Ratings upgraded shares of Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 22nd. BMO Capital Markets raised their price target on shares of Automatic Data Processing from $248.00 to $305.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company lifted their target price on shares of Automatic Data Processing from $248.00 to $283.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $285.00.

Institutional Trading of Automatic Data Processing

A number of institutional investors have recently bought and sold shares of the company. Polaris Financial Partners purchased a new stake in shares of Automatic Data Processing during the 3rd quarter worth approximately $25,000. Next Level Wealth Planning LLC purchased a new position in Automatic Data Processing in the 3rd quarter valued at approximately $26,000. Three Bridge Wealth Advisors LLC bought a new stake in shares of Automatic Data Processing during the 3rd quarter valued at $29,000. Whipplewood Advisors LLC lifted its holdings in shares of Automatic Data Processing by 2,740.0% in the first quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock worth $29,000 after buying an additional 137 shares in the last quarter. Finally, Pathway Financial Advisers LLC purchased a new stake in Automatic Data Processing in the 3rd quarter worth approximately $39,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing News Summary

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: ADP’s October employment report showed private employers added 86,000 jobs, above expectations of 69,000. Continued hiring could support demand for ADP’s payroll and human-resources services. October private-sector hiring report
• Neutral Sentiment: Three ADP vice presidents—Michael Bonarti, Virginia Magliulo and Jonathan Lehberger—reported share sales. Each transaction was made under a pre-arranged Rule 10b5-1 plan, so the sales are not necessarily a signal about their outlook for the company. SEC filing for Bonarti sale SEC filing for Magliulo sale SEC filing for Lehberger sale
• Negative Sentiment: Recent valuation commentary argues ADP may be priced above estimated fair value, including one analysis identifying a potential 13% gap. Such concerns could temper demand for the shares, particularly after a strong run-up. ADP fair-value analysis ADP cash-flow valuation analysis

About Automatic Data Processing

Automatic Data Processing, Inc (ADP) provides payroll processing and human resources technology and services to businesses of varying sizes. Its offerings include payroll administration, tax filing, benefits administration, workforce management, talent management, and human capital management software.

ADP also provides services such as compliance support and professional employer organization solutions, which help businesses manage employment responsibilities. Its products combine software with payroll and HR services to support organizations’ workforce operations.

Founded in 1949 as Automatic Payrolls, Inc, the company has grown from a payroll-processing business into a global provider of HR and workforce solutions.