Great West Life Assurance Co. Can Has $48.48 Million Holdings in Automatic Data Processing (ADP)

Great West Life Assurance Co. Can boosted its holdings in shares of Automatic Data Processing (NASDAQ:ADP) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 445,329 shares of the business services provider’s stock after purchasing an additional 5,050 shares during the period. Great West Life Assurance Co. Can owned about 0.10% of Automatic Data Processing worth $48,476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ADP. BlackRock Inc. raised its stake in shares of Automatic Data Processing by 1,971.2% in the first quarter. BlackRock Inc. now owns 29,631,769 shares of the business services provider’s stock valued at $3,033,995,000 after acquiring an additional 28,201,085 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Automatic Data Processing by 5,962.5% in the second quarter. Janus Henderson Group PLC now owns 4,013,865 shares of the business services provider’s stock valued at $411,260,000 after acquiring an additional 3,947,657 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Automatic Data Processing by 4.4% in the first quarter. Vanguard Group Inc. now owns 34,188,021 shares of the business services provider’s stock valued at $3,500,512,000 after acquiring an additional 1,430,863 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Automatic Data Processing by 42,776.7% in the third quarter. Canada Pension Plan Investment Board now owns 1,376,771 shares of the business services provider’s stock valued at $150,509,000 after acquiring an additional 1,373,560 shares during the last quarter. Finally, Fundsmith LLP raised its stake in shares of Automatic Data Processing by 29.0% in the second quarter. Fundsmith LLP now owns 5,176,340 shares of the business services provider’s stock valued at $530,368,000 after acquiring an additional 1,164,972 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Automatic Data Processing (NASDAQ ADP) opened at $116.88 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.51. Automatic Data Processing has a 1 year low of $94.11 and a 1 year high of $121.77. The firm has a market cap of $52,065.69, a P/E ratio of 29.74, a P/E/G ratio of 2.91 and a beta of 0.85.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.06. Automatic Data Processing had a net margin of 14.08% and a return on equity of 42.34%. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the previous year, the company posted $0.86 EPS. Automatic Data Processing’s revenue was up 5.6% on a year-over-year basis. analysts expect that Automatic Data Processing will post 3.91 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 8th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, December 7th. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.57. Automatic Data Processing’s payout ratio is 64.12%.

A number of research firms have recently issued reports on ADP. Zacks Investment Research cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Royal Bank of Canada reiterated a “hold” rating and issued a $95.00 target price on shares of Automatic Data Processing in a research note on Friday, September 15th. BidaskClub upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Saturday, September 9th. Sanford C. Bernstein lifted their target price on shares of Automatic Data Processing from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $108.00 target price on shares of Automatic Data Processing in a research note on Wednesday, October 4th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $114.14.

TRADEMARK VIOLATION WARNING: This piece was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.com-unik.info/2017/12/25/great-west-life-assurance-co-can-has-48-48-million-holdings-in-automatic-data-processing-adp.html.

About Automatic Data Processing

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

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

Receive News & Ratings for Automatic Data Processing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Automatic Data Processing and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit