Automatic Data Processing, Inc. (NASDAQ:ADP) Stock Holdings Raised by NBC Securities Inc.

NBC Securities Inc. raised its stake in Automatic Data Processing, Inc. (NASDAQ:ADPFree Report) by 1.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,684 shares of the business services provider’s stock after purchasing an additional 69 shares during the period. NBC Securities Inc.’s holdings in Automatic Data Processing were worth $1,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fortitude Family Office LLC bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at about $35,000. Pineridge Advisors LLC bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at about $39,000. Evolution Advisers Inc. bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at about $41,000. Raleigh Capital Management Inc. grew its position in shares of Automatic Data Processing by 106.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 173 shares of the business services provider’s stock valued at $42,000 after buying an additional 89 shares during the last quarter. Finally, Bfsg LLC bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at about $42,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Down 0.2 %

Automatic Data Processing stock traded down $0.55 during trading hours on Wednesday, hitting $244.41. The company had a trading volume of 1,005,014 shares, compared to its average volume of 1,379,345. The firm has a market capitalization of $100.03 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 2.69 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. The firm’s fifty day moving average is $245.80 and its 200-day moving average is $243.27. Automatic Data Processing, Inc. has a fifty-two week low of $205.53 and a fifty-two week high of $256.84.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The business services provider reported $2.88 EPS for the quarter, topping the consensus estimate of $2.79 by $0.09. Automatic Data Processing had a net margin of 19.56% and a return on equity of 93.09%. The company had revenue of $5.30 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the prior year, the business posted $2.52 EPS. Automatic Data Processing’s quarterly revenue was up 7.6% on a year-over-year basis. On average, research analysts forecast that Automatic Data Processing, Inc. will post 9.17 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, June 14th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analyst Weigh In

Several research firms have commented on ADP. JPMorgan Chase & Co. decreased their target price on shares of Automatic Data Processing from $254.00 to $250.00 and set an “underweight” rating for the company in a research report on Thursday, May 2nd. TD Cowen decreased their target price on shares of Automatic Data Processing from $253.00 to $251.00 and set a “hold” rating for the company in a research report on Thursday, May 2nd. Mizuho upped their price target on shares of Automatic Data Processing from $265.00 to $272.00 and gave the stock a “buy” rating in a research note on Monday, March 11th. Evercore ISI upped their price target 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. Finally, StockNews.com raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $255.42.

Get Our Latest Analysis on Automatic Data Processing

About Automatic Data Processing

(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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