Tradition Capital Management LLC decreased its position in shares of Automatic Data Processing (NASDAQ:ADP) by 21.1% during the 4th quarter, HoldingsChannel reports. The fund owned 3,905 shares of the business services provider’s stock after selling 1,045 shares during the period. Tradition Capital Management LLC’s holdings in Automatic Data Processing were worth $457,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cedar Capital LLC bought a new position in shares of Automatic Data Processing in the 2nd quarter worth about $254,000. Intl Fcstone Inc. bought a new position in shares of Automatic Data Processing in the 2nd quarter worth about $1,699,000. AMP Capital Investors Ltd raised its position in shares of Automatic Data Processing by 20.0% in the 3rd quarter. AMP Capital Investors Ltd now owns 307,676 shares of the business services provider’s stock worth $33,636,000 after acquiring an additional 51,252 shares in the last quarter. AHL Partners LLP raised its position in shares of Automatic Data Processing by 37.3% in the 2nd quarter. AHL Partners LLP now owns 109,735 shares of the business services provider’s stock worth $11,243,000 after acquiring an additional 29,836 shares in the last quarter. Finally, Fundsmith LLP raised its position in shares of Automatic Data Processing by 29.0% in the 2nd quarter. Fundsmith LLP now owns 5,176,340 shares of the business services provider’s stock worth $530,368,000 after acquiring an additional 1,164,972 shares in the last quarter. 78.55% of the stock is currently owned by institutional investors.

Automatic Data Processing (NASDAQ ADP) opened at $112.03 on Monday. The stock has a market capitalization of $49,393.54, a PE ratio of 28.94, a price-to-earnings-growth ratio of 2.43 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 has a 12 month low of $95.50 and a 12 month high of $125.24.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, January 31st. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. Automatic Data Processing had a return on equity of 43.28% and a net margin of 13.47%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. equities research analysts expect that Automatic Data Processing will post 4.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.25%. Automatic Data Processing’s payout ratio is presently 65.45%.

Several research firms have recently weighed in on ADP. Stifel Nicolaus lifted their price objective on Automatic Data Processing from $113.00 to $133.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Barclays lifted their price objective on 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. Zacks Investment Research raised Automatic Data Processing from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Tuesday, January 23rd. BidaskClub raised Automatic Data Processing from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada reaffirmed a “neutral” rating on shares of Automatic Data Processing in a research report on Thursday, February 1st. Eleven 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 a consensus price target of $118.43.

In other news, CEO Carlos A. Rodriguez sold 95,756 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $118.09, for a total value of $11,307,826.04. Following the transaction, the chief executive officer now owns 124,722 shares in the company, valued at approximately $14,728,420.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael A. Bonarti sold 3,900 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $116.03, for a total value of $452,517.00. The disclosure for this sale can be found here. Insiders sold a total of 149,767 shares of company stock worth $17,801,722 in the last 90 days. Company insiders own 0.25% of the company’s stock.

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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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