Marcum Wealth LLC Has $528,000 Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Marcum Wealth LLC trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADPFree Report) by 13.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,266 shares of the business services provider’s stock after selling 356 shares during the quarter. Marcum Wealth LLC’s holdings in Automatic Data Processing were worth $528,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its position in shares of Automatic Data Processing by 94,265.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,770,728 shares of the business services provider’s stock valued at $1,617,256,000 after purchasing an additional 6,763,553 shares during the last quarter. Norges Bank acquired a new stake in shares of Automatic Data Processing during the 4th quarter worth about $531,416,000. Veritas Asset Management LLP acquired a new stake in shares of Automatic Data Processing during the second quarter worth approximately $375,485,000. Imprint Wealth LLC raised its position in Automatic Data Processing by 24,743.9% in the 2nd quarter. Imprint Wealth LLC now owns 987,795 shares of the business services provider’s stock valued at $98,780,000 after purchasing an additional 983,819 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Automatic Data Processing by 40.7% in the third quarter. Invesco Ltd. now owns 3,128,701 shares of the business services provider’s stock valued at $752,703,000 after buying an additional 905,043 shares during the last quarter. 79.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Automatic Data Processing

In other news, VP David Kwon sold 863 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $250.00, for a total value of $215,750.00. Following the transaction, the vice president now directly owns 8,285 shares of the company’s stock, valued at $2,071,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP David Kwon sold 863 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now owns 8,285 shares of the company’s stock, valued at $2,071,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Ayala sold 1,500 shares of Automatic Data Processing 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 sale, the vice president now directly owns 19,183 shares of the company’s stock, valued at $4,510,498.79. The disclosure for this sale can be found here. Insiders sold 16,662 shares of company stock valued at $4,094,554 in the last quarter. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wolfe Research raised Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 4th. Mizuho upped their target price on shares of Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research 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 research report on Thursday, February 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $250.00 target price on shares of Automatic Data Processing in a report on Thursday, November 30th. Finally, Bank of America upgraded shares of Automatic Data Processing from an “underperform” rating to a “neutral” rating and increased their price target for the company from $217.00 to $243.00 in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $254.58.

View Our Latest Report on ADP

Automatic Data Processing Trading Down 0.1 %

Shares of Automatic Data Processing stock opened at $241.85 on Tuesday. Automatic Data Processing, Inc. has a 12-month low of $201.46 and a 12-month high of $256.84. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $244.92 and its 200-day moving average is $239.17. The stock has a market cap of $99.35 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.28 and a beta of 0.78.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.65 billion. Automatic Data Processing had a net margin of 19.14% and a return on equity of 95.22%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.14 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, April 1st. Investors of record on Friday, March 8th will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Thursday, March 7th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 65.19%.

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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