Page Arthur B decreased its position in Automatic Data Processing (NASDAQ:ADP) by 13.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,816 shares of the business services provider’s stock after selling 6,570 shares during the quarter. Automatic Data Processing accounts for about 3.9% of Page Arthur B’s investment portfolio, making the stock its 4th largest holding. Page Arthur B’s holdings in Automatic Data Processing were worth $4,461,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new stake in shares of Automatic Data Processing during the second quarter worth approximately $102,000. Proficio Capital Partners LLC grew its position in shares of Automatic Data Processing by 1.8% during 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 in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Automatic Data Processing during the first quarter worth approximately $113,000. Grove Bank & Trust grew its position in shares of Automatic Data Processing by 16.4% during the second quarter. Grove Bank & Trust now owns 1,208 shares of the business services provider’s stock worth $124,000 after buying an additional 170 shares in the last quarter. Finally, Armbruster Capital Management Inc. grew its position in shares of Automatic Data Processing by 2.5% during the second quarter. Armbruster Capital Management Inc. now owns 1,322 shares of the business services provider’s stock worth $135,000 after buying an additional 32 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

Shares of Automatic Data Processing (NASDAQ:ADP) opened at $115.92 on Thursday. 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 stock has a market capitalization of $51,302.89, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.96 and a beta of 0.85. Automatic Data Processing has a one year low of $94.11 and a one year high of $121.77.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Thursday, November 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. The company had revenue of $3.08 billion for 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 firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share. equities research analysts anticipate that Automatic Data Processing will post 3.91 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 8th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.17%. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.57. The ex-dividend date is Thursday, December 7th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 58.02%.

A number of research firms have recently weighed in on ADP. Zacks Investment Research downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada restated a “hold” rating and set a $95.00 price objective on shares of Automatic Data Processing in a research note on Friday, September 15th. BMO Capital Markets restated a “market perform” rating and set a $105.00 price objective on shares of Automatic Data Processing in a research note on Wednesday, August 9th. BidaskClub upgraded Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Saturday, September 9th. Finally, Sanford C. Bernstein raised their price objective on Automatic Data Processing from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $112.37.

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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.

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

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