Automatic Data Processing (ADP) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Automatic Data Processing (NYSE:ADP) by 15.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 105,147 shares of the business services provider’s stock after purchasing an additional 14,446 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Automatic Data Processing were worth $10,773,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Goelzer Investment Management Inc. boosted its holdings in shares of Automatic Data Processing by 0.3% in the 1st quarter. Goelzer Investment Management Inc. now owns 4,239 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 12 shares in the last quarter. Guardian Life Insurance Co. of America boosted its holdings in shares of Automatic Data Processing by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,740 shares of the business services provider’s stock valued at $178,000 after purchasing an additional 12 shares in the last quarter. Washington Trust Bank boosted its holdings in shares of Automatic Data Processing by 0.4% in the 2nd quarter. Washington Trust Bank now owns 3,392 shares of the business services provider’s stock valued at $348,000 after purchasing an additional 12 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of Automatic Data Processing by 0.6% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,778 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 16 shares in the last quarter. Finally, Personal Capital Advisors Corp boosted its holdings in shares of Automatic Data Processing by 0.7% in the 2nd quarter. Personal Capital Advisors Corp now owns 2,371 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 16 shares in the last quarter.

Automatic Data Processing (NYSE:ADP) opened at 113.93 on Thursday. Automatic Data Processing has a 12 month low of $85.48 and a 12 month high of $121.77. The company has a market capitalization of $50.63 billion and a price-to-earnings ratio of 29.59. The company’s 50-day moving average price is $109.64 and its 200 day moving average price is $104.98.

Automatic Data Processing (NYSE:ADP) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.02). Automatic Data Processing had a net margin of 8.67% and a return on equity of 26.39%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the company earned $0.69 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts forecast that Automatic Data Processing will post $3.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Friday, September 8th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.28 annualized dividend and a yield of 2.00%.

In other Automatic Data Processing news, CEO Carlos A. Rodriguez sold 36,363 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $110.00, for a total transaction of $3,999,930.00. Following the completion of the sale, the chief executive officer now directly owns 146,494 shares in the company, valued at $16,114,340. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Maria Black sold 631 shares of the company’s stock in a transaction dated Saturday, September 2nd. The shares were sold at an average price of $106.64, for a total transaction of $67,289.84. Following the sale, the vice president now owns 10,550 shares of the company’s stock, valued at $1,125,052. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,657 shares of company stock valued at $4,457,476.

A number of brokerages have recently commented on ADP. Deutsche Bank AG reiterated a “hold” rating and issued a $102.00 price target on shares of Automatic Data Processing in a research note on Monday, August 21st. Zacks Investment Research cut Automatic Data Processing from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Evercore ISI reiterated an “in-line” rating and issued a $115.00 price target on shares of Automatic Data Processing in a research note on Sunday, August 20th. BidaskClub upgraded Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Saturday, September 9th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $95.00 price target on shares of Automatic Data Processing in a research note on Sunday, July 30th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. Automatic Data Processing has a consensus ratin

Several other hedge funds have also modified their holdings of the business. Goelzer Investment Management Inc. boosted its holdings in shares of Automatic Data Processing by 0.3% in the 1st quarter. Goelzer Investment Management Inc. now owns 4,239 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 12 shares in the last quarter. Guardian Life Insurance Co. of America boosted its holdings in shares of Automatic Data Processing by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,740 shares of the business services provider’s stock valued at $178,000 after purchasing an additional 12 shares in the last quarter. Washington Trust Bank boosted its holdings in shares of Automatic Data Processing by 0.4% in the 2nd quarter. Washington Trust Bank now owns 3,392 shares of the business services provider’s stock valued at $348,000 after purchasing an additional 12 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of Automatic Data Processing by 0.6% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,778 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 16 shares in the last quarter. Finally, Personal Capital Advisors Corp boosted its holdings in shares of Automatic Data Processing by 0.7% in the 2nd quarter. Personal Capital Advisors Corp now owns 2,371 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 16 shares in the last quarter.

Automatic Data Processing (NYSE:ADP) opened at 113.93 on Thursday. Automatic Data Processing has a 12 month low of $85.48 and a 12 month high of $121.77. The company has a market capitalization of $50.63 billion and a price-to-earnings ratio of 29.59. The company’s 50-day moving average price is $109.64 and its 200 day moving average price is $104.98.

Automatic Data Processing (NYSE:ADP) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.02). Automatic Data Processing had a net margin of 8.67% and a return on equity of 26.39%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the company earned $0.69 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts forecast that Automatic Data Processing will post $3.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Friday, September 8th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.28 annualized dividend and a yield of 2.00%.

In other Automatic Data Processing news, CEO Carlos A. Rodriguez sold 36,363 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $110.00, for a total transaction of $3,999,930.00. Following the completion of the sale, the chief executive officer now directly owns 146,494 shares in the company, valued at $16,114,340. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Maria Black sold 631 shares of the company’s stock in a transaction dated Saturday, September 2nd. The shares were sold at an average price of $106.64, for a total transaction of $67,289.84. Following the sale, the vice president now owns 10,550 shares of the company’s stock, valued at $1,125,052. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,657 shares of company stock valued at $4,457,476.

A number of brokerages have recently commented on ADP. Deutsche Bank AG reiterated a “hold” rating and issued a $102.00 price target on shares of Automatic Data Processing in a research note on Monday, August 21st. Zacks Investment Research cut Automatic Data Processing from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Evercore ISI reiterated an “in-line” rating and issued a $115.00 price target on shares of Automatic Data Processing in a research note on Sunday, August 20th. BidaskClub upgraded Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Saturday, September 9th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $95.00 price target on shares of Automatic Data Processing in a research note on Sunday, July 30th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. Automatic Data Processing has a consensus rating of “Hold” and a consensus price target of $109.25.

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About Automatic Data Processing

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

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

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