ORG Partners LLC Has $236,000 Stake in Automatic Data Processing, Inc. (NASDAQ:ADP)

ORG Partners LLC reduced its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 32.3% during the 4th quarter, Holdings Channel reports. The fund owned 804 shares of the business services provider’s stock after selling 383 shares during the quarter. ORG Partners LLC’s holdings in Automatic Data Processing were worth $236,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. First Hawaiian Bank grew its holdings in Automatic Data Processing by 21.4% during the 4th quarter. First Hawaiian Bank now owns 6,033 shares of the business services provider’s stock worth $1,766,000 after acquiring an additional 1,063 shares during the last quarter. Douglas Lane & Associates LLC increased its holdings in shares of Automatic Data Processing by 6.0% in the fourth quarter. Douglas Lane & Associates LLC now owns 5,775 shares of the business services provider’s stock valued at $1,691,000 after purchasing an additional 329 shares in the last quarter. InvesTrust bought a new position in Automatic Data Processing in the 4th quarter worth approximately $8,650,000. Innova Wealth Partners acquired a new position in Automatic Data Processing during the 4th quarter worth $234,000. Finally, Range Financial Group LLC boosted its position in Automatic Data Processing by 48.3% in the 4th quarter. Range Financial Group LLC now owns 1,332 shares of the business services provider’s stock valued at $390,000 after buying an additional 434 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Brian L. Michaud sold 362 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $293.83, for a total value of $106,366.46. Following the transaction, the vice president now owns 13,706 shares of the company’s stock, valued at approximately $4,027,233.98. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sreenivasa Kutam sold 38,975 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $300.00, for a total value of $11,692,500.00. Following the sale, the vice president now directly owns 32,604 shares of the company’s stock, valued at approximately $9,781,200. The trade was a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,062 shares of company stock worth $12,299,550 over the last ninety days. Insiders own 0.21% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP opened at $286.85 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50-day moving average of $298.46 and a 200-day moving average of $278.12. The company has a market cap of $116.88 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 3.50 and a beta of 0.79. Automatic Data Processing, Inc. has a one year low of $231.27 and a one year high of $309.63.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.12. Automatic Data Processing had a return on equity of 82.36% and a net margin of 19.72%. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.77 billion. During the same quarter in the previous year, the business earned $2.08 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th were given a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a yield of 2.15%. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.40. The ex-dividend date was Friday, December 13th. Automatic Data Processing’s payout ratio is 65.74%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADP. Jefferies Financial Group raised their price target on Automatic Data Processing from $260.00 to $290.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. StockNews.com downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank of Canada raised their price objective on shares of Automatic Data Processing from $267.00 to $315.00 and gave the company a “sector perform” rating in a research note on Thursday, October 31st. Mizuho upped their target price on shares of Automatic Data Processing from $281.00 to $310.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Citigroup lifted their price objective on Automatic Data Processing from $260.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $289.91.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.