Bp Plc boosted its holdings in Automatic Data Processing (NASDAQ:ADP) by 92.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,000 shares of the business services provider’s stock after acquiring an additional 25,000 shares during the quarter. Bp Plc’s holdings in Automatic Data Processing were worth $6,094,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADP. Pershing Square Capital Management L.P. grew its stake in Automatic Data Processing by 402.5% during the third quarter. Pershing Square Capital Management L.P. now owns 8,798,442 shares of the business services provider’s stock worth $961,846,000 after buying an additional 7,047,575 shares during the last quarter. Janus Henderson Group PLC grew its stake in Automatic Data Processing by 5,962.5% during the second quarter. Janus Henderson Group PLC now owns 4,013,865 shares of the business services provider’s stock worth $411,260,000 after buying an additional 3,947,657 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Automatic Data Processing by 42,776.7% during the third quarter. Canada Pension Plan Investment Board now owns 1,376,771 shares of the business services provider’s stock worth $150,509,000 after buying an additional 1,373,560 shares during the last quarter. Fundsmith LLP grew its stake in Automatic Data Processing by 29.0% during the second quarter. Fundsmith LLP now owns 5,176,340 shares of the business services provider’s stock worth $530,368,000 after buying an additional 1,164,972 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Automatic Data Processing by 671.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,245,110 shares of the business services provider’s stock worth $127,574,000 after buying an additional 1,083,799 shares during the last quarter. 78.70% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director John P. Jones III sold 5,688 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 $659,978.64. Following the transaction, the director now directly owns 53,956 shares in the company, valued at $6,260,514.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Carlos A. Rodriguez sold 95,756 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $118.09, for a total transaction of $11,307,826.04. Following the completion of the transaction, the chief executive officer now owns 124,722 shares in the company, valued at $14,728,420.98. The disclosure for this sale can be found here. Insiders sold 149,767 shares of company stock worth $17,801,722 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Wednesday, November 8th. BidaskClub lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Barclays upped their target price on shares of Automatic Data Processing from $121.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. BMO Capital Markets reduced their target price on shares of Automatic Data Processing from $122.00 to $121.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Finally, Sanford C. Bernstein upped their target price on shares of Automatic Data Processing from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $118.43.

Automatic Data Processing (NASDAQ ADP) opened at $111.43 on Friday. Automatic Data Processing has a 12-month low of $95.50 and a 12-month high of $125.24. The stock has a market cap of $49,390.00, a P/E ratio of 28.87, a PEG ratio of 2.40 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, January 31st. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $3.18 billion. During the same period in the prior year, the business earned $0.87 earnings per share. Automatic Data Processing’s quarterly revenue was up 8.3% on a year-over-year basis. research analysts anticipate that Automatic Data Processing will post 4.1 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.52 annualized dividend and a yield of 2.26%. Automatic Data Processing’s dividend payout ratio is currently 65.28%.

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Automatic Data Processing 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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