Catalyst Financial Partners LLC Buys 47 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Catalyst Financial Partners LLC raised its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,806 shares of the business services provider’s stock after acquiring an additional 47 shares during the period. Catalyst Financial Partners LLC’s holdings in Automatic Data Processing were worth $421,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new stake in Automatic Data Processing during the third quarter valued at $25,000. Fortitude Family Office LLC purchased a new stake in shares of Automatic Data Processing during the 4th quarter valued at about $35,000. Raleigh Capital Management Inc. lifted its holdings in shares of Automatic Data Processing by 106.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 173 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 89 shares during the last quarter. Evolution Advisers Inc. bought a new position in shares of Automatic Data Processing in the 4th quarter valued at about $41,000. Finally, Bfsg LLC bought a new position in shares of Automatic Data Processing in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

ADP has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Automatic Data Processing from $254.00 to $250.00 and set an “underweight” rating for the company in a report on Thursday, May 2nd. Barclays increased their price target on shares of Automatic Data Processing from $280.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $267.00 price target on shares of Automatic Data Processing in a report on Thursday, February 1st. Mizuho increased their price target on shares of Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a report on Monday, March 11th. Finally, StockNews.com downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $255.42.

Automatic Data Processing Trading Down 0.9 %

Shares of NASDAQ:ADP traded down $2.18 during trading on Wednesday, reaching $242.94. 1,133,452 shares of the company were exchanged, compared to its average volume of 1,774,157. The firm has a market capitalization of $99.43 billion, a PE ratio of 27.11, a P/E/G ratio of 2.30 and a beta of 0.78. The business’s fifty day simple moving average is $245.29 and its 200-day simple moving average is $238.95. Automatic Data Processing, Inc. has a 12-month low of $205.53 and a 12-month high of $256.84. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.01 and a quick ratio of 1.01.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, May 1st. The business services provider reported $2.88 EPS for the quarter, topping analysts’ consensus estimates of $2.79 by $0.09. The business had revenue of $5.30 billion for the quarter, compared to analyst estimates of $5.22 billion. Automatic Data Processing had a net margin of 19.56% and a return on equity of 93.09%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $2.52 earnings per share. On average, research analysts anticipate that Automatic Data Processing, Inc. will post 9.15 EPS for the current year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, June 14th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 62.50%.

Insider Transactions at Automatic Data Processing

In other news, VP Sreenivasa Kutam sold 368 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $247.01, for a total transaction of $90,899.68. Following the transaction, the vice president now directly owns 20,319 shares of the company’s stock, valued at $5,018,996.19. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Joseph Desilva sold 1,904 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $255.00, for a total transaction of $485,520.00. Following the transaction, the vice president now directly owns 17,179 shares of the company’s stock, valued at $4,380,645. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Sreenivasa Kutam sold 368 shares of Automatic Data Processing stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $247.01, for a total transaction of $90,899.68. Following the transaction, the vice president now directly owns 20,319 shares in the company, valued at $5,018,996.19. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,966 shares of company stock valued at $749,524. 0.26% of the stock is currently owned by company insiders.

About Automatic Data Processing

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.