Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Sold by Dempze Nancy E

Dempze Nancy E decreased its stake in Automatic Data Processing, Inc. (NASDAQ:ADPFree Report) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,940 shares of the business services provider’s stock after selling 520 shares during the period. Automatic Data Processing makes up 3.9% of Dempze Nancy E’s portfolio, making the stock its 4th largest holding. Dempze Nancy E’s holdings in Automatic Data Processing were worth $4,316,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of Automatic Data Processing by 94,265.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,770,728 shares of the business services provider’s stock valued at $1,617,256,000 after acquiring an additional 6,763,553 shares during the period. Norges Bank bought a new position in shares of Automatic Data Processing during the fourth quarter valued at $531,416,000. Veritas Asset Management LLP bought a new position in shares of Automatic Data Processing during the second quarter valued at $375,485,000. Imprint Wealth LLC lifted its holdings in shares of Automatic Data Processing by 24,743.9% during the second quarter. Imprint Wealth LLC now owns 987,795 shares of the business services provider’s stock valued at $98,780,000 after acquiring an additional 983,819 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Automatic Data Processing by 40.7% during the third quarter. Invesco Ltd. now owns 3,128,701 shares of the business services provider’s stock valued at $752,703,000 after acquiring an additional 905,043 shares during the period. Institutional investors and hedge funds own 79.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wolfe Research raised Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 4th. UBS Group began coverage on Automatic Data Processing in a research report on Tuesday, November 7th. They set a “neutral” rating and a $235.00 target price for the company. Bank of America upgraded Automatic Data Processing from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $217.00 to $243.00 in a research report on Wednesday, January 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $267.00 price objective on shares of Automatic Data Processing in a research report on Thursday, February 1st. Finally, StockNews.com lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $253.17.

Check Out Our Latest Analysis on Automatic Data Processing

Automatic Data Processing Trading Down 0.5 %

Automatic Data Processing stock traded down $1.34 during trading hours on Thursday, hitting $250.22. The stock had a trading volume of 517,228 shares, compared to its average volume of 1,616,679. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.69. The stock has a market cap of $102.79 billion, a price-to-earnings ratio of 29.29, a P/E/G ratio of 2.36 and a beta of 0.80. Automatic Data Processing, Inc. has a one year low of $201.46 and a one year high of $256.84. The business’s 50 day simple moving average is $241.79 and its 200-day simple moving average is $239.92.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.65 billion. Automatic Data Processing had a return on equity of 95.22% and a net margin of 19.14%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $1.96 earnings per share. On average, equities analysts predict that Automatic Data Processing, Inc. will post 9.14 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be paid a $1.40 dividend. The ex-dividend date is Thursday, March 7th. This represents a $5.60 dividend on an annualized basis and a yield of 2.24%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 65.19%.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP David Kwon sold 863 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $250.00, for a total value of $215,750.00. Following the completion of the sale, the vice president now owns 8,285 shares of the company’s stock, valued at $2,071,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Joseph Desilva sold 1,904 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $255.00, for a total transaction of $485,520.00. Following the transaction, the vice president now owns 17,179 shares of the company’s stock, valued at $4,380,645. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David Kwon sold 863 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $250.00, for a total value of $215,750.00. Following the transaction, the vice president now directly owns 8,285 shares in the company, valued at approximately $2,071,250. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,600 shares of company stock valued at $3,830,550. Company insiders own 0.26% of the company’s stock.

Automatic Data Processing Profile

(Free Report)

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.

Further Reading

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Institutional Ownership by Quarter for Automatic Data Processing (NASDAQ:ADP)

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