Disciplined Investors L.L.C. Purchases New Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Disciplined Investors L.L.C. purchased a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,099 shares of the business services provider’s stock, valued at approximately $319,000.

Other hedge funds have also recently bought and sold shares of the company. OneAscent Financial Services LLC bought a new position in Automatic Data Processing during the 4th quarter worth $576,000. May Hill Capital LLC bought a new stake in shares of Automatic Data Processing in the fourth quarter valued at about $207,000. Centric Wealth Management grew its stake in shares of Automatic Data Processing by 1.1% in the fourth quarter. Centric Wealth Management now owns 10,995 shares of the business services provider’s stock valued at $3,219,000 after acquiring an additional 123 shares in the last quarter. Headlands Technologies LLC bought a new position in Automatic Data Processing during the fourth quarter worth about $3,332,000. Finally, Geode Capital Management LLC raised its stake in Automatic Data Processing by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 10,583,607 shares of the business services provider’s stock worth $3,098,305,000 after purchasing an additional 65,965 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADP has been the subject of a number of recent research reports. StockNews.com downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a 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 company a “hold” rating in a research note on Thursday, January 30th. Royal Bank of Canada restated a “sector perform” rating and set a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday, January 30th. Barclays upped their target price on Automatic Data Processing from $325.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, UBS Group raised their price target on Automatic Data Processing from $318.00 to $324.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $302.30.

Insider Transactions at Automatic Data Processing

In other news, CEO Maria Black sold 721 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $291.59, for a total transaction of $210,236.39. Following the sale, the chief executive officer now directly owns 68,856 shares in the company, valued at approximately $20,077,721.04. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Brian L. Michaud sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $305.38, for a total value of $458,070.00. Following the completion of the transaction, the vice president now directly owns 12,073 shares of the company’s stock, valued at $3,686,852.74. This represents a 11.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,089 shares of company stock worth $2,113,777. Corporate insiders own 0.21% of the company’s stock.

Automatic Data Processing Price Performance

Shares of ADP stock opened at $307.23 on Thursday. The business has a fifty day simple moving average of $304.44 and a 200 day simple moving average of $296.92. The company has a market cap of $125.18 billion, a P/E ratio of 32.04, a P/E/G ratio of 3.62 and a beta of 0.74. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $322.84.

Automatic Data Processing (NASDAQ:ADP) last issued 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 return on equity of 80.86% and a net margin of 19.76%. On average, sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a dividend of $1.54 per share. The ex-dividend date was Friday, March 14th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.01%. Automatic Data Processing’s payout ratio is presently 64.23%.

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.