Atala Financial Inc Invests $52,000 in Automatic Data Processing, Inc. (NASDAQ:ADP)

Atala Financial Inc purchased a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 177 shares of the business services provider’s stock, valued at approximately $52,000.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in shares of Automatic Data Processing by 6.5% in the 3rd quarter. Assetmark Inc. now owns 3,437 shares of the business services provider’s stock valued at $951,000 after purchasing an additional 211 shares in the last quarter. Harbour Investments Inc. boosted its position in Automatic Data Processing by 2.1% in the third quarter. Harbour Investments Inc. now owns 1,742 shares of the business services provider’s stock valued at $482,000 after buying an additional 36 shares in the last quarter. Zions Bancorporation N.A. grew its stake in shares of Automatic Data Processing by 2.9% during the third quarter. Zions Bancorporation N.A. now owns 1,996 shares of the business services provider’s stock worth $552,000 after buying an additional 57 shares during the last quarter. Curi RMB Capital LLC increased its holdings in shares of Automatic Data Processing by 9.8% during the third quarter. Curi RMB Capital LLC now owns 7,669 shares of the business services provider’s stock worth $2,122,000 after buying an additional 684 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Automatic Data Processing by 9.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,024 shares of the business services provider’s stock valued at $3,051,000 after acquiring an additional 943 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADP has been the topic of a number of research reports. StockNews.com lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Jefferies Financial Group boosted their price target on Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. UBS Group raised their price objective on shares of Automatic Data Processing from $318.00 to $324.00 and gave the company a “neutral” rating in a report on Tuesday, March 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, January 30th. Finally, Barclays raised their price target on shares of Automatic Data Processing from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $296.18.

Automatic Data Processing Stock Up 0.4 %

Shares of NASDAQ:ADP opened at $291.76 on Friday. Automatic Data Processing, Inc. has a 1 year low of $231.27 and a 1 year high of $322.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50-day moving average is $302.32 and its 200-day moving average is $294.44. The company has a market capitalization of $118.88 billion, a price-to-earnings ratio of 30.42, a P/E/G ratio of 3.62 and a beta of 0.76.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.05. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $1.54 dividend. This represents a $6.16 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, March 14th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 64.23%.

Insider Activity

In other Automatic Data Processing news, VP Brian L. Michaud sold 362 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $293.83, for a total value of $106,366.46. Following the transaction, the vice president now directly owns 13,706 shares of the company’s stock, valued at approximately $4,027,233.98. This trade represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Maria Black sold 721 shares of Automatic Data Processing stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $291.59, for a total transaction of $210,236.39. Following the transaction, the chief executive officer now owns 68,856 shares of the company’s stock, valued at $20,077,721.04. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,951 shares of company stock worth $1,762,074. Company insiders own 0.21% of the company’s stock.

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.