CHICAGO TRUST Co NA increased its position in shares of Automatic Data Processing (NASDAQ:ADP) by 24.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,437 shares of the business services provider’s stock after purchasing an additional 1,250 shares during the period. CHICAGO TRUST Co NA’s holdings in Automatic Data Processing were worth $1,039,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ADP. Krane Funds Advisors LLC acquired a new stake in Automatic Data Processing during the second quarter worth about $25,000. Permanens Capital L.P. acquired a new stake in shares of Automatic Data Processing during the first quarter valued at about $32,000. Mackey Komara & Dankovich LLC increased its position in shares of Automatic Data Processing by 428.8% during the second quarter. Mackey Komara & Dankovich LLC now owns 1,084 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 879 shares during the last quarter. Virtus ETF Advisers LLC acquired a new stake in shares of Automatic Data Processing during the second quarter valued at about $41,000. Finally, MRA Associates USA LLC acquired a new stake in shares of Automatic Data Processing during the second quarter valued at about $42,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Shares of ADP stock traded up $2.14 during trading on Wednesday, reaching $158.46. The company’s stock had a trading volume of 1,374,497 shares, compared to its average volume of 1,956,419. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $67.80 billion, a price-to-earnings ratio of 29.08, a P/E/G ratio of 1.99 and a beta of 0.90. The stock’s 50-day moving average price is $163.54 and its 200 day moving average price is $163.42. Automatic Data Processing has a 1-year low of $121.40 and a 1-year high of $174.50.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Automatic Data Processing had a net margin of 16.17% and a return on equity of 47.48%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. On average, sell-side analysts anticipate that Automatic Data Processing will post 6.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 57.98%.

A number of equities research analysts have weighed in on ADP shares. Zacks Investment Research upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a research report on Friday, June 21st. Robert W. Baird lifted their price target on shares of Automatic Data Processing from $167.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Bank of America cut shares of Automatic Data Processing from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 11th. Morgan Stanley lifted their price target on shares of Automatic Data Processing from $150.00 to $174.00 and gave the company an “equal weight” rating in a research report on Thursday, August 15th. Finally, Cowen started coverage on shares of Automatic Data Processing in a research report on Wednesday, September 11th. They set an “outperform” rating and a $195.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $175.67.

In related news, VP Brock Albinson sold 6,683 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $167.87, for a total value of $1,121,875.21. Following the completion of the transaction, the vice president now owns 6,302 shares in the company, valued at $1,057,916.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carlos A. Rodriguez sold 49,392 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $161.70, for a total transaction of $7,986,686.40. Following the completion of the transaction, the chief executive officer now owns 132,338 shares of the company’s stock, valued at approximately $21,399,054.60. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

About Automatic Data Processing

Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.

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

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