StockIceMan's Weekly Stock Pick
Week of July
22nd, 2002
| Stock: |
Automatic Data
Processing, Inc. |
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| Ticker Symbol: |
ADP - NYSE -
Business Services |
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| Buy: |
31.00 to 32.00 |
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| Sell: |
40.00 + |
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| Info: |
Automatic
Data Processing, Inc. provides
computerized transaction
processing, data communication
and information services
worldwide. The Company's Employer
Services segment offers payroll
processing, human resource
information management, benefits
administration, time and labor
management, payroll tax filing
and reporting, professional
employer organization, regulatory
compliance management,
unemployment compensation
management and retirement plan
services. Its Brokerage Services
segment provides transaction
processing systems, desktop
productivity applications and
investor communication services
to the financial services
industry. Its Dealer Services
segment provides integrated
dealer management systems and
business performance solutions
for motor vehicle dealers and
their manufacturers. Its Claims
Services segment offers a broad
line of automated information
tools to property and casualty
insurance companies, claims
adjusters, repair shops and auto
parts recycling facilities. |
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| Financial Info: |
For the 3 months
ended 06/30/2002, revenues were $
1.84 billion, while net income
was $287.3 million. |
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| Key Ratios: |
Current
Ratio: 2.19; Total Debt/Equity: 0.02,
P/E: 17.94x, Price/Book: 3.92,
Price/Sales: 2.83; Cash On Hand:
$1.72 billion |
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| Share Info: |
There are 620.1
million shares outstanding with
607.7 million shares in the
trading float. 1779 Institutions own
approximately 73.0 % of the
shares outstanding. There have
been 19 insiders selling 405,000
shares in the last six months.
As of 6/10/2002, there were 3.46
million shares short.
Net Institutional Buying: 10.1
million shares: prior to latest
quarter. |
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| Articles: |
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