Trading Report: The Roberts Glore & Co. Inc. IL Maintains Position in Automatic Data Processing (ADP)

The Roberts Glore & Co. Inc. IL Maintains Position in Automatic Data Processing (ADP)

Roberts Glore & Co. Inc. IL maintained its stake in Automatic Data Processing (NYSE:ADP) during the second quarter, Holdings Channel reports. The firm owned 6,485 shares of the company’s stock at the end of the second quarter. Roberts Glore & Co. Inc. IL’s holdings in Automatic Data Processing were worth $596,000 as of its most recent SEC filing.

Shares of Automatic Data Processing (NYSE:ADP) traded up 0.938% during trading on Friday, reaching $87.705. 555,942 shares of the company traded hands. The company has a market capitalization of $40.01 billion and a price-to-earnings ratio of 27.003. Automatic Data Processing has a 1-year low of $76.65 and a 1-year high of $96.00. The stock’s 50 day moving average is $88.21 and its 200 day moving average is $89.31.

Automatic Data Processing (NYSE:ADP) last posted its earnings results on Thursday, July 28th. The company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The firm earned $2.90 billion during the quarter, compared to analyst estimates of $2.94 billion. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. On average, analysts forecast that Automatic Data Processing will post $3.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Friday, September 9th were given a $0.53 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $2.12 annualized dividend and a dividend yield of 2.44%.

Several brokerages recently commented on ADP. Zacks Investment Research lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. Robert W. Baird lowered shares of Automatic Data Processing from an “outperform” rating to a “neutral” rating and set a $94.00 price objective for the company. in a research report on Friday, July 29th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $90.00 price objective (up from $89.00) on shares of Automatic Data Processing in a research report on Friday, July 29th. Jefferies Group increased their price objective on shares of Automatic Data Processing from $75.00 to $81.00 and gave the company an “underperform” rating in a research report on Monday, August 1st. Finally, Sanford C. Bernstein raised shares of Automatic Data Processing from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $97.00 to $110.00 in a research report on Monday, July 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $95.14.

In other news, VP Maria Black sold 527 shares of the company’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $90.00, for a total value of $47,430.00. Following the sale, the vice president now directly owns 7,836 shares in the company, valued at $705,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carlos A. Rodriguez sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $89.91, for a total value of $899,100.00. Following the completion of the sale, the chief executive officer now owns 119,877 shares in the company, valued at $10,778,141.07. The disclosure for this sale can be found here.

About Automatic Data Processing

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions.

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