Catalina Capital Group LLC Purchases 74 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Catalina Capital Group LLC grew its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,462 shares of the business services provider’s stock after acquiring an additional 74 shares during the quarter. Catalina Capital Group LLC’s holdings in Automatic Data Processing were worth $349,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ADP. Capital Investment Advisory Services LLC raised its stake in shares of Automatic Data Processing by 23.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,847 shares of the business services provider’s stock valued at $430,000 after buying an additional 355 shares in the last quarter. Larson Financial Group LLC raised its position in Automatic Data Processing by 43.4% in the fourth quarter. Larson Financial Group LLC now owns 525 shares of the business services provider’s stock worth $122,000 after purchasing an additional 159 shares in the last quarter. Linden Thomas Advisory Services LLC bought a new position in Automatic Data Processing during the fourth quarter worth about $262,000. GAMMA Investing LLC acquired a new stake in Automatic Data Processing during the fourth quarter valued at approximately $599,000. Finally, Bfsg LLC bought a new stake in shares of Automatic Data Processing in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

ADP has been the topic of a number of analyst reports. Stifel Nicolaus upped their price target on Automatic Data Processing from $271.00 to $287.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. TD Cowen lowered their target price on shares of Automatic Data Processing from $253.00 to $251.00 and set a “hold” 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 Wednesday. Barclays boosted their price target on shares of Automatic Data Processing from $282.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Jefferies Financial Group raised their price objective on shares of Automatic Data Processing from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average target price of $265.36.

Automatic Data Processing Trading Up 0.1 %

ADP stock traded up $0.22 during trading on Friday, hitting $269.60. The company had a trading volume of 1,206,702 shares, compared to its average volume of 1,658,561. The firm has a 50-day moving average price of $250.49 and a 200-day moving average price of $248.18. Automatic Data Processing, Inc. has a 12 month low of $205.53 and a 12 month high of $270.99. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.66. The stock has a market cap of $110.34 billion, a price-to-earnings ratio of 30.09, a PEG ratio of 2.72 and a beta of 0.78.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, July 31st. The business services provider reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. The company had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.74 billion. Automatic Data Processing had a return on equity of 89.20% and a net margin of 19.54%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.89 earnings per share. As a group, analysts predict that Automatic Data Processing, Inc. will post 10.01 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a $1.40 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $5.60 annualized dividend and a yield of 2.08%. Automatic Data Processing’s dividend payout ratio is currently 62.50%.

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.