Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Acquired by Nia Impact Advisors LLC

Nia Impact Advisors LLC raised its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,222 shares of the business services provider’s stock after acquiring an additional 67 shares during the period. Nia Impact Advisors LLC’s holdings in Automatic Data Processing were worth $2,114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Littlejohn Financial Services Inc. acquired a new position in Automatic Data Processing during the fourth quarter worth $708,000. Relyea Zuckerberg Hanson LLC raised its position in Automatic Data Processing by 121.7% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 12,898 shares of the business services provider’s stock worth $3,776,000 after acquiring an additional 7,080 shares during the period. Wedmont Private Capital raised its position in Automatic Data Processing by 67.9% during the fourth quarter. Wedmont Private Capital now owns 6,292 shares of the business services provider’s stock worth $1,805,000 after acquiring an additional 2,545 shares during the period. FNY Investment Advisers LLC acquired a new position in Automatic Data Processing during the fourth quarter worth $2,693,000. Finally, Beaumont Financial Advisors LLC raised its position in Automatic Data Processing by 46.8% during the fourth quarter. Beaumont Financial Advisors LLC now owns 3,239 shares of the business services provider’s stock worth $948,000 after acquiring an additional 1,032 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. UBS Group upped their price objective on shares of Automatic Data Processing from $318.00 to $324.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. Barclays increased their target price on shares of Automatic Data Processing from $325.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Jefferies Financial Group increased their target price on shares of Automatic Data Processing from $290.00 to $305.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. TD Securities increased their target price on shares of Automatic Data Processing from $296.00 to $298.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. Finally, StockNews.com cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and an average price target of $303.55.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $308.19 on Wednesday. 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 stock has a market capitalization of $125.10 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 3.62 and a beta of 0.76. The firm’s fifty day simple moving average is $297.44 and its 200-day simple moving average is $299.52. Automatic Data Processing, Inc. has a 12 month low of $231.27 and a 12 month high of $322.84.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.09. The company had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.49 billion. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. Automatic Data Processing’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.88 EPS. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $1.54 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.16 annualized dividend and a dividend yield of 2.00%. Automatic Data Processing’s payout ratio is currently 63.05%.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Brian L. Michaud sold 1,500 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $305.38, for a total value of $458,070.00. Following the transaction, the vice president now directly owns 12,073 shares in the company, valued at approximately $3,686,852.74. This represents a 11.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher D’ambrosio sold 473 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $306.20, for a total transaction of $144,832.60. Following the completion of the transaction, the vice president now owns 7,244 shares in the company, valued at approximately $2,218,112.80. This trade represents a 6.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,451 shares of company stock worth $743,024. Corporate insiders own 0.21% of the company’s stock.

About Automatic Data Processing

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.