DF Dent & Co. Inc. trimmed its holdings in shares of Automatic Data Processing (NASDAQ:ADP) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,793 shares of the business services provider’s stock after selling 1,345 shares during the period. DF Dent & Co. Inc.’s holdings in Automatic Data Processing were worth $1,616,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Legacy Advisors LLC acquired a new stake in shares of Automatic Data Processing in the 4th quarter worth about $103,000. Truewealth LLC acquired a new stake in shares of Automatic Data Processing in the 4th quarter worth about $104,000. Calton & Associates Inc. acquired a new stake in shares of Automatic Data Processing in the 4th quarter worth about $118,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Automatic Data Processing in the 4th quarter worth about $117,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Automatic Data Processing in the 3rd quarter worth about $114,000. 78.52% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on ADP. Stifel Nicolaus increased their target price on shares of Automatic Data Processing from $113.00 to $133.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. Barclays increased their target price on shares of Automatic Data Processing from $121.00 to $128.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Zacks Investment Research upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research report on Tuesday, January 23rd. BidaskClub upgraded shares of Automatic Data Processing from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada reiterated a “neutral” rating on shares of Automatic Data Processing in a research report on Thursday, February 1st. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Automatic Data Processing currently has a consensus rating of “Hold” and an average target price of $118.43.
Automatic Data Processing (NASDAQ:ADP) opened at $114.48 on Tuesday. Automatic Data Processing has a fifty-two week low of $95.50 and a fifty-two week high of $125.24. The company has a market cap of $51,933.48, a PE ratio of 30.35, a price-to-earnings-growth ratio of 2.57 and a beta of 0.90. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51.
Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, January 31st. The business services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.89 by $0.10. Automatic Data Processing had a net margin of 13.47% and a return on equity of 43.28%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. sell-side analysts predict that Automatic Data Processing will post 4.14 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, March 8th. Automatic Data Processing’s dividend payout ratio (DPR) is 65.45%.
In other news, insider Michael A. Bonarti sold 3,900 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $116.03, for a total value of $452,517.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stuart Sackman sold 238 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $121.65, for a total transaction of $28,952.70. Following the completion of the sale, the vice president now directly owns 18,676 shares of the company’s stock, valued at $2,271,935.40. The disclosure for this sale can be found here. Insiders sold 219,666 shares of company stock valued at $25,650,681 over the last three months. 0.25% of the stock is owned by insiders.
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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