Northwest Quadrant Wealth Management LLC Sells 44 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Northwest Quadrant Wealth Management LLC lowered its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADPFree Report) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,377 shares of the business services provider’s stock after selling 44 shares during the quarter. Automatic Data Processing makes up 0.2% of Northwest Quadrant Wealth Management LLC’s portfolio, making the stock its 25th biggest holding. Northwest Quadrant Wealth Management LLC’s holdings in Automatic Data Processing were worth $843,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Heritage Investment Group Inc. boosted its holdings in Automatic Data Processing by 1.9% in the fourth quarter. Heritage Investment Group Inc. now owns 2,201 shares of the business services provider’s stock valued at $513,000 after purchasing an additional 41 shares during the period. Bedel Financial Consulting Inc. boosted its stake in shares of Automatic Data Processing by 0.8% in the 4th quarter. Bedel Financial Consulting Inc. now owns 5,254 shares of the business services provider’s stock valued at $1,224,000 after buying an additional 42 shares during the period. Argus Investors Counsel Inc. grew its position in shares of Automatic Data Processing by 0.5% during the fourth quarter. Argus Investors Counsel Inc. now owns 8,863 shares of the business services provider’s stock worth $2,065,000 after buying an additional 43 shares in the last quarter. Morningstar Investment Management LLC increased its stake in shares of Automatic Data Processing by 1.7% during the fourth quarter. Morningstar Investment Management LLC now owns 2,720 shares of the business services provider’s stock worth $634,000 after buying an additional 46 shares during the period. Finally, Simon Quick Advisors LLC raised its holdings in Automatic Data Processing by 1.0% in the fourth quarter. Simon Quick Advisors LLC now owns 4,580 shares of the business services provider’s stock valued at $1,067,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on ADP. JPMorgan Chase & Co. dropped their price objective on Automatic Data Processing from $254.00 to $250.00 and set an “underweight” rating on the stock in a report on Thursday, May 2nd. StockNews.com raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. Evercore ISI upped their target price on shares of Automatic Data Processing from $227.00 to $235.00 and gave the company an “underperform” rating in a report on Tuesday, March 26th. Barclays lifted their price target on shares of Automatic Data Processing from $280.00 to $282.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, Mizuho boosted their price target on shares of Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, March 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Automatic Data Processing presently has an average rating of “Hold” and an average target price of $255.42.

Read Our Latest Report on ADP

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP traded down $0.26 on Tuesday, hitting $248.94. The company had a trading volume of 717,004 shares, compared to its average volume of 1,666,488. The company has a market cap of $101.89 billion, a PE ratio of 27.81, a PEG ratio of 2.73 and a beta of 0.78. The business has a 50 day moving average of $245.99 and a 200 day moving average of $243.70. Automatic Data Processing, Inc. has a 52-week low of $205.53 and a 52-week high of $256.84. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $2.88 earnings per share for the quarter, topping analysts’ consensus estimates of $2.79 by $0.09. The company had revenue of $5.30 billion for the quarter, compared to analyst estimates of $5.22 billion. Automatic Data Processing had a return on equity of 93.09% and a net margin of 19.56%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.52 EPS. As a group, equities analysts anticipate that Automatic Data Processing, Inc. will post 9.17 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Friday, June 14th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 62.50%.

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.

See Also

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

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