Lincoln Capital LLC Has $610,000 Position in Automatic Data Processing, Inc. $ADP

Lincoln Capital LLC cut its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,084 shares of the business services provider’s stock after selling 42 shares during the quarter. Lincoln Capital LLC’s holdings in Automatic Data Processing were worth $610,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ADP. Vanguard Group Inc. raised its holdings in Automatic Data Processing by 0.5% in the first quarter. Vanguard Group Inc. now owns 40,949,884 shares of the business services provider’s stock worth $12,511,418,000 after purchasing an additional 218,614 shares during the period. Northern Trust Corp increased its position in shares of Automatic Data Processing by 17.1% in the 4th quarter. Northern Trust Corp now owns 6,174,419 shares of the business services provider’s stock valued at $1,807,438,000 after buying an additional 902,354 shares in the last quarter. Invesco Ltd. raised its stake in Automatic Data Processing by 3.7% during the 1st quarter. Invesco Ltd. now owns 4,031,713 shares of the business services provider’s stock worth $1,231,809,000 after buying an additional 145,161 shares during the period. Ameriprise Financial Inc. lifted its holdings in Automatic Data Processing by 16.7% during the fourth quarter. Ameriprise Financial Inc. now owns 3,830,078 shares of the business services provider’s stock worth $1,115,909,000 after acquiring an additional 549,132 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Automatic Data Processing by 16.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,771,011 shares of the business services provider’s stock worth $1,103,888,000 after acquiring an additional 532,485 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ADP. Stifel Nicolaus increased their price target on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. TD Securities raised their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the stock a “hold” rating in a report on Wednesday, May 21st. UBS Group cut their price target on shares of Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating on the stock in a research note 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 research report on Thursday, June 5th. Finally, Morgan Stanley boosted their price objective on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $314.33.

Automatic Data Processing Stock Up 0.0%

Shares of ADP stock opened at $301.79 on Monday. The firm’s fifty day moving average price is $305.74 and its two-hundred day moving average price is $305.62. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 1 year low of $262.21 and a 1 year high of $329.93. The firm has a market capitalization of $122.24 billion, a P/E ratio of 30.24, a PEG ratio of 2.77 and a beta of 0.81.

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

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be given a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is 61.72%.

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.