Brio Consultants LLC Increases Stake in Automatic Data Processing, Inc. (NASDAQ:ADP)

Brio Consultants LLC grew its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,437 shares of the business services provider’s stock after buying an additional 61 shares during the period. Brio Consultants LLC’s holdings in Automatic Data Processing were worth $713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADP. Newbridge Financial Services Group Inc. raised its stake in Automatic Data Processing by 43.2% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 169 shares of the business services provider’s stock valued at $40,000 after buying an additional 51 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Automatic Data Processing by 13.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,763 shares of the business services provider’s stock worth $765,000 after acquiring an additional 337 shares during the period. Czech National Bank increased its position in Automatic Data Processing by 6.5% during the third quarter. Czech National Bank now owns 83,072 shares of the business services provider’s stock valued at $22,989,000 after acquiring an additional 5,077 shares during the last quarter. Unique Wealth LLC boosted its position in Automatic Data Processing by 11.6% in the third quarter. Unique Wealth LLC now owns 5,059 shares of the business services provider’s stock worth $1,400,000 after purchasing an additional 524 shares during the last quarter. Finally, Wiser Wealth Management Inc bought a new stake in shares of Automatic Data Processing during the 3rd quarter valued at about $253,000. Institutional investors own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In other news, VP Brian L. Michaud sold 362 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $293.83, for a total value of $106,366.46. Following the sale, the vice president now directly owns 13,706 shares in the company, valued at $4,027,233.98. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Sreenivasa Kutam sold 38,975 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $300.00, for a total transaction of $11,692,500.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,129 shares of company stock valued at $12,604,872. 0.21% of the stock is currently owned by insiders.

Automatic Data Processing Stock Down 0.1 %

NASDAQ ADP opened at $303.01 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. Automatic Data Processing, Inc. has a 12 month low of $231.27 and a 12 month high of $311.67. The stock’s 50 day moving average is $297.16 and its 200 day moving average is $284.32. The stock has a market cap of $123.46 billion, a PE ratio of 31.60, a P/E/G ratio of 3.50 and a beta of 0.79.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.30 by $0.05. Automatic Data Processing had a net margin of 19.76% and a return on equity of 81.85%. Research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $1.54 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.03%. Automatic Data Processing’s payout ratio is 64.23%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. TD Cowen boosted their price objective on shares of Automatic Data Processing from $276.00 to $285.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Jefferies Financial Group raised their target price on Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and set a $315.00 price target on shares of Automatic Data Processing in a report on Thursday. Finally, Mizuho raised their price objective on Automatic Data Processing from $281.00 to $310.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Automatic Data Processing presently has a consensus rating of “Hold” and an average price target of $291.27.

Automatic Data Processing 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.