Automatic Data Processing (ADP) Holdings Trimmed by S&CO Inc.

S&CO Inc. lessened its holdings in shares of Automatic Data Processing (NASDAQ:ADP) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 236,998 shares of the business services provider’s stock after selling 2,111 shares during the quarter. Automatic Data Processing accounts for 3.4% of S&CO Inc.’s portfolio, making the stock its 6th largest position. S&CO Inc.’s holdings in Automatic Data Processing were worth $27,774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC lifted its holdings in Automatic Data Processing by 1.8% during the 2nd quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock worth $111,000 after buying an additional 17 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Automatic Data Processing during the 2nd quarter worth approximately $102,000. Wealthcare Advisory Partners LLC bought a new position in Automatic Data Processing during the 3rd quarter worth approximately $114,000. Grove Bank & Trust lifted its holdings in Automatic Data Processing by 16.4% during the 2nd quarter. Grove Bank & Trust now owns 1,208 shares of the business services provider’s stock worth $124,000 after buying an additional 170 shares during the last quarter. Finally, Family Capital Trust Co bought a new position in Automatic Data Processing during the 3rd quarter worth approximately $137,000. Hedge funds and other institutional investors own 78.76% of the company’s stock.

In other Automatic Data Processing news, VP Donald Weinstein sold 2,275 shares of Automatic Data Processing stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $116.03, for a total transaction of $263,968.25. Following the sale, the vice president now owns 27,399 shares of the company’s stock, valued at approximately $3,179,105.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carlos A. Rodriguez sold 95,756 shares of Automatic Data Processing stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $118.09, for a total value of $11,307,826.04. Following the sale, the chief executive officer now directly owns 124,722 shares in the company, valued at approximately $14,728,420.98. The disclosure for this sale can be found here. Insiders have sold a total of 117,291 shares of company stock worth $13,826,607 in the last ninety days. 0.25% of the stock is owned by company insiders.

A number of research analysts have commented on the company. Zacks Investment Research downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub raised Automatic Data Processing from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Bank of America increased their target price on Automatic Data Processing from $111.00 to $114.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Finally, Citigroup reaffirmed a “neutral” rating and set a $118.00 target price (up previously from $110.00) on shares of Automatic Data Processing in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $115.21.

Shares of Automatic Data Processing (NASDAQ ADP) traded up $0.54 during midday trading on Monday, hitting $121.44. The company had a trading volume of 1,963,100 shares, compared to its average volume of 1,857,000. The company has a market cap of $54,140.00, a P/E ratio of 30.82, a price-to-earnings-growth ratio of 3.00 and a beta of 0.85. Automatic Data Processing has a 1-year low of $94.11 and a 1-year high of $122.90. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51.

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

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.08%. The ex-dividend date is Thursday, March 8th. Automatic Data Processing’s payout ratio is currently 63.96%.

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Automatic Data Processing Company Profile

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.

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

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