Householder Group Estate & Retirement Specialist LLC Reduces Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Householder Group Estate & Retirement Specialist LLC lowered its holdings in Automatic Data Processing, Inc. (NASDAQ:ADPFree Report) by 4.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,712 shares of the business services provider’s stock after selling 126 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Automatic Data Processing were worth $631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. lifted its stake in shares of Automatic Data Processing by 19.3% during the first quarter. Sei Investments Co. now owns 134,223 shares of the business services provider’s stock worth $30,532,000 after purchasing an additional 21,671 shares in the last quarter. Dakota Wealth Management acquired a new position in shares of Automatic Data Processing during the first quarter worth about $571,000. Zions Bancorporation N.A. lifted its stake in shares of Automatic Data Processing by 12.4% during the first quarter. Zions Bancorporation N.A. now owns 453 shares of the business services provider’s stock worth $103,000 after purchasing an additional 50 shares in the last quarter. Covestor Ltd lifted its stake in shares of Automatic Data Processing by 82.8% during the first quarter. Covestor Ltd now owns 636 shares of the business services provider’s stock worth $145,000 after purchasing an additional 288 shares in the last quarter. Finally, Merit Financial Group LLC lifted its stake in shares of Automatic Data Processing by 4.4% during the first quarter. Merit Financial Group LLC now owns 2,902 shares of the business services provider’s stock worth $660,000 after purchasing an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ADP shares. Wolfe Research upgraded Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. StockNews.com cut Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $267.00 price target on shares of Automatic Data Processing in a research note on Thursday, February 1st. Mizuho boosted their price target on Automatic Data Processing from $265.00 to $272.00 and gave the stock a “buy” rating in a research note on Monday, March 11th. Finally, Bank of America upgraded Automatic Data Processing from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $217.00 to $243.00 in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and a consensus price target of $254.58.

Read Our Latest Report on ADP

Automatic Data Processing Stock Down 1.0 %

Shares of Automatic Data Processing stock opened at $245.13 on Thursday. Automatic Data Processing, Inc. has a twelve month low of $201.46 and a twelve month high of $256.84. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $100.70 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 2.33 and a beta of 0.78. The business’s 50 day simple moving average is $247.38 and its 200-day simple moving average is $238.98.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last posted its earnings results on Wednesday, January 31st. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. Automatic Data Processing had a return on equity of 95.22% and a net margin of 19.14%. The firm had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period last year, the firm earned $1.96 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts forecast that Automatic Data Processing, Inc. will post 9.14 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently announced 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. This represents a $5.60 annualized dividend and a yield of 2.28%. Automatic Data Processing’s dividend payout ratio is currently 65.19%.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Sreenivasa Kutam sold 368 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $247.01, for a total transaction of $90,899.68. Following the completion of the transaction, the vice president now directly owns 20,319 shares of the company’s stock, valued at approximately $5,018,996.19. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Sreenivasa Kutam sold 368 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $247.01, for a total transaction of $90,899.68. Following the completion of the sale, the vice president now directly owns 20,319 shares of the company’s stock, valued at approximately $5,018,996.19. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP John Ayala sold 1,500 shares of the firm’s stock in a transaction 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 have sold a total of 16,662 shares of company stock worth $4,094,554 in the last three months. 0.26% of the stock is owned by company insiders.

Automatic Data Processing 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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