Delaney Dennis R Sells 235 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Delaney Dennis R decreased its stake in Automatic Data Processing, Inc. (NASDAQ:ADPFree Report) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,644 shares of the business services provider’s stock after selling 235 shares during the quarter. Automatic Data Processing makes up 4.1% of Delaney Dennis R’s holdings, making the stock its 4th biggest position. Delaney Dennis R’s holdings in Automatic Data Processing were worth $6,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Fortitude Family Office LLC purchased a new position in shares of Automatic Data Processing in the fourth quarter worth about $35,000. Raleigh Capital Management Inc. lifted its stake in shares of Automatic Data Processing by 106.0% in the third quarter. Raleigh Capital Management Inc. now owns 173 shares of the business services provider’s stock worth $42,000 after buying an additional 89 shares in the last quarter. Evolution Advisers Inc. purchased a new position in Automatic Data Processing during the fourth quarter worth about $41,000. Bfsg LLC purchased a new position in Automatic Data Processing during the fourth quarter worth about $42,000. Finally, Vestor Capital LLC purchased a new position in Automatic Data Processing during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ADP shares. Barclays lifted their target price on shares of Automatic Data Processing from $280.00 to $282.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Evercore ISI lifted their target price on shares of Automatic Data Processing from $227.00 to $235.00 and gave the stock an “underperform” rating in a research note on Tuesday, March 26th. Mizuho boosted their price target on shares of Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research note on Monday, March 11th. JPMorgan Chase & Co. reduced their price target on shares of Automatic Data Processing from $254.00 to $250.00 and set an “underweight” rating on the stock in a research note on Thursday, May 2nd. Finally, StockNews.com raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Friday, May 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $255.42.

Read Our Latest Stock Report on ADP

Automatic Data Processing Stock Up 1.8 %

Shares of NASDAQ:ADP traded up $4.35 during trading on Friday, hitting $252.32. 1,650,179 shares of the company were exchanged, compared to its average volume of 1,183,386. The stock has a market capitalization of $103.27 billion, a P/E ratio of 28.16, a PEG ratio of 2.73 and a beta of 0.78. 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, Inc. has a 12-month low of $205.53 and a 12-month high of $256.84. The firm’s 50 day moving average price is $245.90 and its 200-day moving average price is $242.38.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $2.88 earnings per share for the quarter, topping the consensus estimate of $2.79 by $0.09. The business had revenue of $5.30 billion during the quarter, compared to the consensus estimate 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 revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.52 EPS. On average, research analysts predict that Automatic Data Processing, Inc. will post 9.17 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a $1.40 dividend. The ex-dividend date is Friday, June 14th. This represents a $5.60 annualized dividend and a yield of 2.22%. Automatic Data Processing’s dividend payout ratio (DPR) is 62.50%.

Automatic Data Processing Company 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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