Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Bought by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC grew its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,719 shares of the business services provider’s stock after acquiring an additional 50 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Automatic Data Processing were worth $1,136,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Sentinus LLC grew its holdings in Automatic Data Processing by 2.3% in the fourth quarter. Sentinus LLC now owns 1,548 shares of the business services provider’s stock valued at $453,000 after purchasing an additional 35 shares during the period. Rehmann Capital Advisory Group grew its holdings in Automatic Data Processing by 1.0% in the fourth quarter. Rehmann Capital Advisory Group now owns 3,686 shares of the business services provider’s stock valued at $1,079,000 after purchasing an additional 36 shares during the period. Detalus Advisors LLC grew its holdings in Automatic Data Processing by 2.4% in the first quarter. Detalus Advisors LLC now owns 1,566 shares of the business services provider’s stock valued at $478,000 after purchasing an additional 37 shares during the period. Main Street Group LTD grew its holdings in Automatic Data Processing by 50.7% in the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 38 shares during the period. Finally, Howard Financial Services LTD. grew its holdings in Automatic Data Processing by 2.2% in the first quarter. Howard Financial Services LTD. now owns 1,735 shares of the business services provider’s stock valued at $530,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Down 1.7%

Automatic Data Processing stock opened at $298.18 on Wednesday. The company has a 50-day simple moving average of $312.88 and a 200-day simple moving average of $304.00. The firm has a market capitalization of $121.04 billion, a P/E ratio of 30.52, a P/E/G ratio of 2.78 and a beta of 0.76. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 1.02. Automatic Data Processing, Inc. has a one year low of $242.76 and a one year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.49 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 77.33%. Automatic Data Processing’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.88 EPS. As a group, equities analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

ADP has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on shares of Automatic Data Processing from $305.00 to $310.00 and gave the company an “equal weight” rating in a report on Tuesday, June 17th. BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 price objective for the company in a research note on Thursday, July 10th. Mizuho boosted their price objective on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a research note on Friday, June 13th. Stifel Nicolaus boosted their price objective on shares of Automatic Data Processing to $305.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $309.62.

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.