Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Purchased by Hummer Financial Advisory Services Inc

Hummer Financial Advisory Services Inc increased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,950 shares of the business services provider’s stock after acquiring an additional 100 shares during the period. Automatic Data Processing makes up approximately 1.2% of Hummer Financial Advisory Services Inc’s portfolio, making the stock its 17th biggest holding. Hummer Financial Advisory Services Inc’s holdings in Automatic Data Processing were worth $1,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Main Street Group LTD boosted its position in Automatic Data Processing by 50.7% during the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider’s stock worth $33,000 after purchasing an additional 38 shares in the last quarter. Cyrus J. Lawrence LLC boosted its position in Automatic Data Processing by 121.8% during the fourth quarter. Cyrus J. Lawrence LLC now owns 122 shares of the business services provider’s stock worth $35,000 after purchasing an additional 67 shares in the last quarter. Banque de Luxembourg S.A. purchased a new stake in Automatic Data Processing during the fourth quarter worth $37,000. Wingate Wealth Advisors Inc. purchased a new stake in Automatic Data Processing during the fourth quarter worth $37,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Automatic Data Processing during the fourth quarter worth $37,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Activity

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 478 shares of the firm’s stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $293.14, for a total transaction of $140,120.92. Following the completion of the sale, the vice president now owns 7,364 shares in the company, valued at $2,158,682.96. This trade represents a 6.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian L. Michaud sold 1,500 shares of the firm’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 sale, the vice president now owns 12,073 shares of the company’s stock, valued at approximately $3,686,852.74. This trade represents a 11.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,451 shares of company stock worth $743,024. 0.21% of the stock is currently owned by corporate insiders.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $325.22 on Monday. The business’s 50-day moving average price is $303.74 and its 200 day moving average price is $301.70. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $327.99. The company has a market capitalization of $132.01 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 3.62 and a beta of 0.76. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.09. The firm had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.49 billion. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.88 earnings per share. On average, research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $1.54 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 1.89%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.05%.

Wall Street Analyst Weigh In

A number of analysts have commented on ADP shares. TD Securities boosted their target price on Automatic Data Processing from $298.00 to $321.00 and gave the stock a “hold” rating in a research report on Wednesday, May 21st. UBS Group upped their price objective on Automatic Data Processing from $318.00 to $324.00 and gave the company a “neutral” rating in a research report on Tuesday, March 4th. Stifel Nicolaus upped their price objective on Automatic Data Processing to $305.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Wall Street Zen downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $305.64.

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.