1,786 Shares in Automatic Data Processing (ADP) Acquired by Americafirst Capital Management LLC

Americafirst Capital Management LLC acquired a new stake in shares of Automatic Data Processing (NASDAQ:ADP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,786 shares of the business services provider’s stock, valued at approximately $195,000.

Other large investors have also recently modified their holdings of the company. Acrospire Investment Management LLC bought a new stake in Automatic Data Processing during the second quarter valued at approximately $102,000. Proficio Capital Partners LLC lifted its position in Automatic Data Processing by 1.8% during the second quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 17 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in Automatic Data Processing during the third quarter valued at approximately $114,000. Grove Bank & Trust lifted its position in Automatic Data Processing by 16.4% during the second quarter. Grove Bank & Trust now owns 1,208 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 170 shares during the last quarter. Finally, Armbruster Capital Management Inc. lifted its position in Automatic Data Processing by 2.5% during the second quarter. Armbruster Capital Management Inc. now owns 1,322 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 32 shares during the last quarter. 78.67% of the stock is owned by institutional investors.

In related news, insider Michael A. Bonarti sold 3,900 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $116.03, for a total transaction of $452,517.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John P. Jones III sold 5,688 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $116.03, for a total transaction of $659,978.64. Following the sale, the director now owns 53,956 shares of the company’s stock, valued at $6,260,514.68. The disclosure for this sale can be found here. Insiders have sold a total of 11,863 shares of company stock valued at $1,376,464 over the last quarter. 0.25% of the stock is currently owned by company insiders.

Shares of Automatic Data Processing (NASDAQ ADP) opened at $118.37 on Friday. The firm has a market cap of $51,999.16, a P/E ratio of 30.12, a PEG ratio of 2.90 and a beta of 0.85. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.51. Automatic Data Processing has a 1-year low of $94.11 and a 1-year high of $121.77.

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 for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. The firm had revenue of $3.08 billion during 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 business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. research analysts predict that Automatic Data Processing will post 3.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 8th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $0.57. The ex-dividend date was Thursday, December 7th. Automatic Data Processing’s payout ratio is presently 64.12%.

Several brokerages have issued reports on ADP. Zacks Investment Research lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Royal Bank of Canada reiterated a “hold” rating and set a $95.00 target price on shares of Automatic Data Processing in a research report on Friday, September 15th. BidaskClub upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Saturday, September 9th. Sanford C. Bernstein lifted their target price on shares of Automatic Data Processing from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $108.00 price objective on shares of Automatic Data Processing in a report on Wednesday, October 4th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price 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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