Quent Capital LLC purchased a new position in Automatic Data Processing, Inc. (NASDAQ: ADP – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 469 shares of the business services provider’s stock, valued at approximately $ 116,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC grew its stake in Automatic Data Processing by 2.8% in the 4th quarter. Gilman Hill Asset Management LLC now owns 1,620 shares of the business services provider’s stock valued at $ 399,000 after acquiring an additional 44 shares during the last quarter. Baystate Wealth Management LLC lifted its holdings in shares of Automatic Data Processing by 3.2% in the fourth quarter. Baystate Wealth Management LLC now owns 1,482 shares of the business services provider’s stock valued at $ 366,000 after purchasing an additional 46 shares in the last quarter. Horan Capital Advisors LLC. grew its position in shares of Automatic Data Processing by 0.3% in the fourth quarter. Horan Capital Advisors LLC. now owns 14,361 shares of the business services provider’s stock valued at $ 3,541,000 after purchasing an additional 49 shares during the last quarter. Wealth Architects LLC grew its position in shares of Automatic Data Processing by 1.8% in the fourth quarter. Wealth Architects LLC now owns 2,815 shares of the business services provider’s stock valued at $ 694,000 after purchasing an additional 50 shares during the last quarter. Finally, Wealth Enhancement & Preservation of GA LLC grew its position in shares of Automatic Data Processing by 0.8% in the fourth quarter. Wealth Enhancement & Preservation of GA LLC now owns 5,977 shares of the business services provider’s stock valued at $ 1,474,000 after purchasing an additional 50 shares during the last quarter. 78.84% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Deborah L. Dyson sold 2,787 shares of the firm’s stock in a transaction on Tuesday, April 5th. The shares were sold at an average price of $ 234.55, for a total value of $ 653,690.85. Following the transaction, the vice president now owns 26,663 shares of the company stock, valued at approximately $ 6,253,806.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher D’ambrosio sold 312 shares of the firm’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $ 214.07, for a total transaction of $ 66,789.84. Following the completion of the transaction, the vice president now directly owns 1,663 shares in the company, valued at approximately $ 355,998.41. The disclosure for this sale can be found here. Company insiders own 0.34% of the company stock.
Several analysts have recently commented on ADP shares. Barclays increased their price target on shares of Automatic Data Processing from $ 238.00 to $ 257.00 and gave the company an “overweight” rating in a research report on Monday, May 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Automatic Data Processing from $ 203.00 to $ 234.00 in a research report on Thursday, April 28th. StockNews.com started coverage on shares of Automatic Data Processing in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Mizuho increased their price target on shares of Automatic Data Processing from $ 235.00 to $ 250.00 and gave the company a “buy” rating in a research report on Monday, May 2nd. Finally, Bank of America upgraded shares of Automatic Data Processing from an “underperform” rating to a “neutral” rating and set a $ 223.00 target price on the stock in a research report on Wednesday, March 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $ 230.69.
NASDAQ: ADP opened at $ 200.28 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market cap of $ 83.67 billion, a P / E ratio of 29.58, a P / E / G ratio of 2.39 and a beta of 0.82. Automatic Data Processing, Inc. has a fifty-two week low of $ 192.18 and a fifty-two week high of $ 248.96. The firm’s 50 day moving average is $ 218.43 and its two-hundred day moving average is $ 220.07.
Automatic Data Processing (NASDAQ: ADP – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The business services provider reported $ 2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $ 2.08 by $ 0.13. The company had revenue of $ 4.51 billion for the quarter, compared to the estimate consensus of $ 4.45 billion. Automatic Data Processing had a net margin of 17.77% and a return on equity of 56.01%. Automatic Data Processing’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $ 1.89 earnings per share. Research analysts forecast that Automatic Data Processing, Inc. will post 6.97 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 10th will be paid a dividend of $ 1.04 per share. This represents a $ 4.16 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Thursday, June 9th. Automatic Data Processing’s dividend payout ratio is currently 61.45%.
About Automatic Data Processing: (Get Rating)
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.
Further Reading:
Receive News & Ratings for Automatic Data Processing Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Automatic Data Processing and related companies with MarketBeat.com’s FREE daily email newsletter.
.