Capital Asset Advisory Services LLC Cuts Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Capital Asset Advisory Services LLC Cuts Position in Automatic Data Processing, Inc. (NASDAQ:ADP)


Capital Asset Advisory Services LLC lessened its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,970 shares of the business services provider’s stock after selling 68 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Automatic Data Processing were worth $459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Angeles Wealth Management LLC lifted its stake in shares of Automatic Data Processing by 4.2% in the 2nd quarter. Angeles Wealth Management LLC now owns 1,011 shares of the business services provider’s stock worth $222,000 after purchasing an additional 41 shares during the period. Marotta Asset Management lifted its position in shares of Automatic Data Processing by 3.0% during the third quarter. Marotta Asset Management now owns 1,395 shares of the business services provider’s stock worth $336,000 after purchasing an additional 41 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Automatic Data Processing by 34.7% in the third quarter. Financial Management Professionals Inc. now owns 159 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 41 shares in the last quarter. Signet Financial Management LLC raised its holdings in Automatic Data Processing by 1.3% in the fourth quarter. Signet Financial Management LLC now owns 3,587 shares of the business services provider’s stock worth $857,000 after purchasing an additional 45 shares in the last quarter. Finally, Trust Co. of Toledo NA OH raised its holdings in Automatic Data Processing by 0.5% in the third quarter. Trust Co. of Toledo NA OH now owns 8,292 shares of the business services provider’s stock worth $1,995,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 79.37% of the company’s stock.

Analyst Upgrades and Downgrades

ADP has been the subject of a number of analyst reports. Wolfe Research raised Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 4th. StockNews.com upgraded Automatic Data Processing from a “hold” rating to a “buy” rating in a report on Monday, March 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $267.00 price target on shares of Automatic Data Processing in a report on Thursday, February 1st. Mizuho raised their target price on Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a report on Monday, March 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $250.00 price target on shares of Automatic Data Processing in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $254.58.

Read Our Latest Report on ADP

Insider Buying and Selling at Automatic Data Processing

In related news, VP John Ayala sold 1,500 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $235.13, for a total value of $352,695.00. Following the completion of the sale, the vice president now directly owns 19,183 shares of the company’s stock, valued at approximately $4,510,498.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP John Ayala sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $235.13, for a total value of $352,695.00. Following the transaction, the vice president now owns 19,183 shares in the company, valued at $4,510,498.79. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David Kwon sold 863 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $250.00, for a total value of $215,750.00. Following the sale, the vice president now owns 8,285 shares in the company, valued at approximately $2,071,250. The disclosure for this sale can be found here. Insiders have sold 16,662 shares of company stock worth $4,094,554 over the last quarter. Corporate insiders own 0.26% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $242.09 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.01 and a current ratio of 1.01. Automatic Data Processing, Inc. has a 52 week low of $201.46 and a 52 week high of $256.84. The firm has a fifty day moving average of $244.82 and a two-hundred day moving average of $239.26. The stock has a market capitalization of $99.45 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 2.29 and a beta of 0.78.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Automatic Data Processing had a net margin of 19.14% and a return on equity of 95.22%. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the prior year, the business posted $1.96 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts predict that Automatic Data Processing, Inc. will post 9.14 EPS for the current year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be given a $1.40 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $5.60 dividend on an annualized basis and a yield of 2.31%. Automatic Data Processing’s dividend payout ratio is currently 65.19%.

Automatic Data Processing Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Automatic Data Processing (NASDAQ:ADP)



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