Trillium Asset Management LLC Sells 109 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Trillium Asset Management LLC trimmed its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 10.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 947 shares of the business services provider’s stock after selling 109 shares during the period. Trillium Asset Management LLC’s holdings in Automatic Data Processing were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ADP. von Borstel & Associates Inc. acquired a new stake in Automatic Data Processing in the 1st quarter valued at approximately $30,000. Main Street Group LTD grew its holdings in Automatic Data Processing by 50.7% in the 4th quarter. Main Street Group LTD now owns 113 shares of the business services provider’s stock valued at $33,000 after buying an additional 38 shares during the last quarter. Y.D. More Investments Ltd acquired a new stake in Automatic Data Processing in the 1st quarter valued at approximately $35,000. Abound Wealth Management grew its holdings in Automatic Data Processing by 58.1% in the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock valued at $36,000 after buying an additional 43 shares during the last quarter. Finally, Banque de Luxembourg S.A. acquired a new stake in Automatic Data Processing in the 4th quarter valued at approximately $37,000. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Price Performance

Shares of ADP stock opened at $299.63 on Wednesday. The stock’s fifty day simple moving average is $307.15 and its 200 day simple moving average is $305.54. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $121.36 billion, a price-to-earnings ratio of 30.02, a P/E/G ratio of 2.79 and a beta of 0.81. Automatic Data Processing, Inc. has a one year low of $259.08 and a one year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.23 by $0.03. The business had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%. Automatic Data Processing’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.09 EPS. On average, analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be paid a $1.54 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.1%. Automatic Data Processing’s payout ratio is currently 61.72%.

Analysts Set New Price Targets

A number of research firms have issued reports on ADP. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 target price on the stock in a report on Thursday, July 10th. UBS Group lowered their target price on Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating on the stock in a report on Friday, June 13th. Royal Bank Of Canada reissued a “sector perform” rating and set a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, June 5th. Morgan Stanley lifted their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Finally, Mizuho lifted their price objective on Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a report on Friday, June 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and a consensus target price of $314.33.

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.