Automatic Data Processing, Inc. (NASDAQ:ADP) Stake Boosted by Successful Portfolios LLC

Successful Portfolios LLC raised its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,040 shares of the business services provider’s stock after buying an additional 52 shares during the quarter. Successful Portfolios LLC’s holdings in Automatic Data Processing were worth $242,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ADP. Marotta Asset Management boosted its stake in shares of Automatic Data Processing by 3.0% during the third quarter. Marotta Asset Management now owns 1,395 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 41 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Automatic Data Processing by 34.7% during the third quarter. Financial Management Professionals Inc. now owns 159 shares of the business services provider’s stock worth $38,000 after purchasing an additional 41 shares during the last quarter. Signet Financial Management LLC raised its holdings in shares of Automatic Data Processing by 1.3% during the fourth quarter. Signet Financial Management LLC now owns 3,587 shares of the business services provider’s stock worth $857,000 after purchasing an additional 45 shares during the last quarter. Trust Co. of Toledo NA OH grew its position in Automatic Data Processing by 0.5% during the third quarter. Trust Co. of Toledo NA OH now owns 8,292 shares of the business services provider’s stock valued at $1,995,000 after buying an additional 45 shares during the period. Finally, PFS Investments Inc. grew its position in Automatic Data Processing by 3.4% during the fourth quarter. PFS Investments Inc. now owns 1,396 shares of the business services provider’s stock valued at $333,000 after buying an additional 46 shares during the period. 80.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ADP. StockNews.com downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Wolfe Research raised shares of Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Mizuho boosted their target price on shares of Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a report on Monday, March 11th. Bank of America raised shares of Automatic Data Processing from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $217.00 to $243.00 in a research report on Wednesday, January 17th. Finally, Evercore ISI upped their price target on shares of Automatic Data Processing from $227.00 to $235.00 and gave the company an “underperform” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $253.08.

Automatic Data Processing Trading Up 0.6 %

Shares of NASDAQ:ADP traded up $1.41 during mid-day trading on Thursday, reaching $249.74. 1,297,685 shares of the company were exchanged, compared to its average volume of 1,902,349. The firm has a market cap of $102.59 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 2.30 and a beta of 0.78. The firm’s 50-day simple moving average is $246.48 and its 200 day simple moving average is $238.98. Automatic Data Processing, Inc. has a 1 year low of $201.46 and a 1 year high of $256.84. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.01 and a quick ratio of 1.01.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Automatic Data Processing had a net margin of 19.14% and a return on equity of 95.22%. The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the previous year, the business posted $1.96 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast that Automatic Data Processing, Inc. will post 9.14 EPS for the current year.

Automatic Data Processing Dividend Announcement

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

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Sreenivasa Kutam sold 368 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $247.01, for a total transaction of $90,899.68. Following the completion of the transaction, the vice president now owns 20,319 shares in the company, valued at $5,018,996.19. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Automatic Data Processing news, VP Don Mcguire sold 11,333 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.00, for a total value of $2,776,585.00. Following the completion of the sale, the vice president now owns 19,906 shares of the company’s stock, valued at approximately $4,876,970. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sreenivasa Kutam sold 368 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $247.01, for a total transaction of $90,899.68. Following the transaction, the vice president now owns 20,319 shares of the company’s stock, valued at $5,018,996.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,662 shares of company stock valued at $4,094,554. 0.26% of the stock is owned by insiders.

Automatic Data Processing Profile

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.