As of close of business last night, Automatic Data Processing Inc.’s stock clocked out at 230.42, down -1.34% from its previous closing price of $233.54. In other words, the price has decreased by $-3.12 from its previous closing price. On the day, 1419056 shares were traded. ADP reached its highest trading level at $237.09 during the session, while it also had its lowest trading level at $230.34.
To gain a deeper understanding of ADP’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 63.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 74.67. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.93.
Upgrades & Downgrades
On August 17, 2021, JP Morgan Downgraded its rating to Underweight which previously was Neutral but kept the price unchanged to $224.
Credit Suisse Downgraded its Outperform to Neutral on August 16, 2021, while the target price for the stock was maintained at $215.
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 14 when Rodriguez Carlos A sold 52,254 shares for $234.70 per share. The transaction valued at 12,263,965 led to the insider holds 44,426 shares of the business.
Rodriguez Carlos A sold 37,594 shares of ADP for $8,945,641 on Sep 13. The President & CEO now owns 44,426 shares after completing the transaction at $237.95 per share. On Sep 08, another insider, D’Ambrosio Christopher, who serves as the Corp. VP of the company, sold 174 shares for $236.69 each. As a result, the insider received 41,184 and left with 3,157 shares of the company.
As of this moment, Automatic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.90, and their Forward P/E ratio for the next fiscal year is 25.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.73 while its Price-to-Book (P/B) ratio in mrq is 29.69.
Stock Price History:
Over the past 52 weeks, ADP has reached a high of $261.59, while it has fallen to a 52-week low of $192.26. The 50-Day Moving Average of the stock is 239.49, while the 200-Day Moving Average is calculated to be 224.31.
It appears that ADP traded 1.57M shares on average per day over the past three months and 2.07M shares per day over the past ten days. A total of 415.80M shares are outstanding, with a floating share count of 415.07M. Insiders hold about 0.10% of the company’s shares, while institutions hold 81.10% stake in the company. Shares short for ADP as of Jul 14, 2022 were 3.98M with a Short Ratio of 2.93, compared to 3.7M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 0.95% and a Short% of Float of 0.95%.
Dividends & Splits
With its trailing 12-month dividend rate of 3.68, ADP has a forward annual dividend rate of 4.16. Against a Trailing Annual Dividend Yield of 1.58%, it implies a Forward Annual Dividend Yield of 1.73%. The stock’s 5-year Average Dividend Yield is 1.97. The current Payout Ratio is 56.00% for ADP, which recently paid a dividend on Sep 30, 2022 with an ex-dividend date of Jun 08, 2022. Stock splits for the company last occurred on Sep 30, 2014 when the company split stock in a 1139:1000 ratio.
As of right now, 17 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.81 for the current quarter, with a high estimate of $1.89 and a low estimate of $1.71, while EPS last year was $1.65. The consensus estimate for the next quarter is $1.92, with high estimates of $1.99 and low estimates of $1.84.
Analysts are recommending an EPS of between $8.18 and $7.4 for the fiscal current year, implying an average EPS of $7.97. EPS for the following year is $8.94, with 17 analysts recommending between $9.17 and $8.57.
A total of 18 analysts have provided revenue estimates for ADP’s current fiscal year. The highest revenue estimate was $17.98B, while the lowest revenue estimate was $17.44B, resulting in an average revenue estimate of $17.83B. In the same quarter a year ago, actual revenue was $16.5B, up 8.10% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $19.14B in the next fiscal year. The high estimate is $19.61B and the low estimate is $18.68B. The average revenue growth estimate for next year is up 7.30% from the average revenue estimate for this year.