Caxton Associates LP Purchases Shares of 5,800 Automatic Data Processing, Inc. (ADP)

Caxton Associates LP purchased a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,800 shares of the business services provider’s stock, valued at approximately $594,000.

Other large investors also recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its position in shares of Automatic Data Processing by 1.8% in the second quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock worth $111,000 after buying an additional 17 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Automatic Data Processing in the second quarter worth about $102,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Automatic Data Processing during the 1st quarter worth about $113,000. Grove Bank & Trust lifted its position in shares of Automatic Data Processing by 16.4% during the 2nd quarter. Grove Bank & Trust now owns 1,208 shares of the business services provider’s stock worth $124,000 after purchasing an additional 170 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA acquired a new position in shares of Automatic Data Processing during the 2nd quarter worth about $136,000. 78.41% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on ADP shares. BidaskClub raised Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Argus boosted their price objective on Automatic Data Processing from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised Automatic Data Processing from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research report on Monday, October 16th. Morgan Stanley raised Automatic Data Processing from an “underweight” rating to an “equal” rating and set a $114.00 price objective for the company in a research report on Tuesday, November 14th. Finally, Barclays PLC reissued an “equal weight” rating and set a $105.00 price objective on shares of Automatic Data Processing in a research report on Tuesday, August 15th. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $112.37.

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Automatic Data Processing, Inc. (NASDAQ:ADP) opened at $110.53 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $49,010.00, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 2.84 and a beta of 0.88. Automatic Data Processing, Inc. has a twelve month low of $94.11 and a twelve month high of $121.77.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 EPS. equities research analysts expect that Automatic Data Processing, Inc. will post 3.91 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 8th will be issued a $0.63 dividend. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.57. The ex-dividend date is Thursday, December 7th. This represents a $2.52 annualized dividend and a yield of 2.28%. Automatic Data Processing’s dividend payout ratio is 57.87%.

In other news, VP Maria Black sold 631 shares of the company’s stock in a transaction that occurred on Saturday, September 2nd. The stock was sold at an average price of $106.64, for a total value of $67,289.84. Following the sale, the vice president now directly owns 10,550 shares in the company, valued at approximately $1,125,052. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Brock Albinson sold 3,663 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $106.54, for a total value of $390,256.02. Following the completion of the sale, the vice president now owns 6,287 shares in the company, valued at $669,816.98. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Automatic Data Processing Company Profile

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.

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

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