Stack Financial Management Inc reduced its stake in Automatic Data Processing (NASDAQ:ADP) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 224,198 shares of the business services provider’s stock after selling 5,490 shares during the period. Automatic Data Processing makes up approximately 2.6% of Stack Financial Management Inc’s holdings, making the stock its 8th largest holding. Stack Financial Management Inc’s holdings in Automatic Data Processing were worth $26,274,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ADP. Steward Partners Investment Advisory LLC grew its position in Automatic Data Processing by 21.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 20,946 shares of the business services provider’s stock worth $2,454,000 after acquiring an additional 3,749 shares during the last quarter. Ingalls & Snyder LLC acquired a new position in Automatic Data Processing during the 4th quarter worth $3,551,000. TRUE Private Wealth Advisors acquired a new position in Automatic Data Processing during the 4th quarter worth $212,000. Personal Capital Advisors Corp lifted its holdings in Automatic Data Processing by 19.2% during the 4th quarter. Personal Capital Advisors Corp now owns 2,949 shares of the business services provider’s stock worth $346,000 after buying an additional 476 shares in the last quarter. Finally, Catawba Capital Management VA acquired a new position in Automatic Data Processing during the 4th quarter worth $413,000. Institutional investors own 78.76% of the company’s stock.

Automatic Data Processing (NASDAQ:ADP) opened at $121.44 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 company has a market capitalization of $53,857.39, a PE ratio of 30.90, a P/E/G ratio of 3.00 and a beta of 0.85. Automatic Data Processing has a 1-year low of $94.11 and a 1-year high of $122.90.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data 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 business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. analysts forecast that Automatic Data Processing will post 3.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be paid a $0.63 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.52 dividend on an annualized basis and a yield of 2.08%. Automatic Data Processing’s dividend payout ratio (DPR) is 64.12%.

In other Automatic Data Processing news, VP Maria Black sold 1,786 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $119.72, for a total transaction of $213,819.92. Following the sale, the vice president now owns 11,858 shares of the company’s stock, valued at $1,419,639.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Carlos A. Rodriguez sold 95,756 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $118.09, for a total transaction of $11,307,826.04. Following the sale, the chief executive officer now directly owns 124,722 shares in the company, valued at approximately $14,728,420.98. The disclosure for this sale can be found here. Insiders sold 117,291 shares of company stock worth $13,826,607 over the last three months. 0.25% of the stock is currently owned by insiders.

A number of research analysts have recently weighed in on ADP shares. Zacks Investment Research downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. 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. Stifel Nicolaus reaffirmed a “hold” rating and set a $108.00 price objective on shares of Automatic Data Processing in a research note on Wednesday, October 4th. BidaskClub downgraded Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Bank of America raised Automatic Data Processing from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $115.21.

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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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