Ffcm LLC trimmed its position in Automatic Data Processing (NASDAQ:ADP) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,690 shares of the business services provider’s stock after selling 1,117 shares during the quarter. Ffcm LLC’s holdings in Automatic Data Processing were worth $3,138,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Automatic Data Processing by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 34,999,981 shares of the business services provider’s stock valued at $3,586,099,000 after buying an additional 811,960 shares during the last quarter. BlackRock Inc. grew its position in shares of Automatic Data Processing by 0.8% during the 2nd quarter. BlackRock Inc. now owns 29,869,208 shares of the business services provider’s stock worth $3,060,398,000 after purchasing an additional 237,439 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Automatic Data Processing by 2.9% during the 2nd quarter. Wells Fargo & Company MN now owns 6,794,660 shares of the business services provider’s stock worth $696,182,000 after purchasing an additional 190,717 shares in the last quarter. Polen Capital Management LLC grew its position in shares of Automatic Data Processing by 6.6% during the 2nd quarter. Polen Capital Management LLC now owns 6,661,902 shares of the business services provider’s stock worth $682,578,000 after purchasing an additional 411,369 shares in the last quarter. Finally, Fundsmith LLP grew its position in shares of Automatic Data Processing by 29.0% during the 2nd quarter. Fundsmith LLP now owns 5,176,340 shares of the business services provider’s stock worth $530,368,000 after purchasing an additional 1,164,972 shares in the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.

Shares of Automatic Data Processing (NASDAQ ADP) opened at $116.88 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The stock has a market cap of $52,065.69, a P/E ratio of 29.74, a P/E/G ratio of 2.91 and a beta of 0.85. Automatic Data Processing has a 52-week low of $94.11 and a 52-week 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.06. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.06 billion. Automatic Data Processing had a net margin of 14.08% and a return on equity of 42.34%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. analysts forecast that Automatic Data Processing will post 3.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 8th will be given a dividend of $0.63 per share. This is a positive change 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 dividend yield of 2.16%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 64.12%.

ADP has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a research report on Monday, October 16th. BidaskClub upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Saturday, September 9th. Bank of America upgraded shares of Automatic Data Processing from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 5th. Goldman Sachs Group upgraded shares of Automatic Data Processing from a “neutral” rating to a “buy” rating and increased their target price for the stock from $116.02 to $135.00 in a research report on Monday, December 11th. Finally, Morgan Stanley upgraded shares of Automatic Data Processing from an “underweight” rating to an “equal” rating and set a $114.00 target price on the stock in a research report on Tuesday, November 14th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Automatic Data Processing presently has an average rating of “Hold” and an average price target of $114.14.

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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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