On September 4, 2024, Maria Black, President & CEO of Automatic Data Processing Inc (ADP, Financial), executed a sale of 7,383 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 69,962.4066 shares of Automatic Data Processing Inc.
Automatic Data Processing Inc (ADP, Financial) specializes in business outsourcing solutions, including human resources, payroll, tax, and benefits administration solutions. The company is a leader in business processing and cloud-based solutions, serving clients worldwide.
Over the past year, Maria Black has sold a total of 42,329 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 26 insider sells and no insider buys over the past year.
Shares of Automatic Data Processing Inc were trading at $276 on the day of the sale, giving the company a market cap of approximately $109.93 billion. The price-earnings ratio of the company stands at 29.59, which is above the industry median of 25.96.
The stock's valuation according to the GF Value is $266.42, leading to a price-to-GF-Value ratio of 1.04, indicating that the stock is Fairly Valued.
The GF Value is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to investors tracking insider behaviors as an indicator of company performance and valuation perspectives.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
