Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Acquired by Boston Financial Mangement LLC

Boston Financial Mangement LLC increased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,048 shares of the business services provider’s stock after acquiring an additional 114 shares during the period. Boston Financial Mangement LLC’s holdings in Automatic Data Processing were worth $9,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Telos Capital Management Inc. boosted its holdings in Automatic Data Processing by 3.2% in the third quarter. Telos Capital Management Inc. now owns 1,452 shares of the business services provider’s stock valued at $402,000 after purchasing an additional 45 shares during the period. Foundations Investment Advisors LLC raised its position in Automatic Data Processing by 2.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 4,529 shares of the business services provider’s stock valued at $1,253,000 after purchasing an additional 126 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Automatic Data Processing by 11.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,932 shares of the business services provider’s stock valued at $2,473,000 after buying an additional 922 shares during the period. Waldron Private Wealth LLC grew its position in shares of Automatic Data Processing by 3.4% during the third quarter. Waldron Private Wealth LLC now owns 2,792 shares of the business services provider’s stock worth $776,000 after buying an additional 93 shares in the last quarter. Finally, Symphony Financial Ltd. Co. increased its stake in shares of Automatic Data Processing by 64.5% during the third quarter. Symphony Financial Ltd. Co. now owns 2,130 shares of the business services provider’s stock worth $583,000 after buying an additional 835 shares during the period. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday, January 30th. StockNews.com cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Barclays increased their target price on Automatic Data Processing from $325.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. TD Cowen lifted their price target on Automatic Data Processing from $276.00 to $285.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group increased their price objective on Automatic Data Processing from $290.00 to $305.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $293.55.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Jonathan S. Lehberger sold 2,324 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $303.30, for a total transaction of $704,869.20. Following the transaction, the vice president now owns 3,063 shares of the company’s stock, valued at $929,007.90. This trade represents a 43.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brian L. Michaud sold 362 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $293.83, for a total transaction of $106,366.46. Following the sale, the vice president now directly owns 13,706 shares of the company’s stock, valued at $4,027,233.98. This represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,478 shares of company stock worth $1,617,241 over the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

Automatic Data Processing Stock Up 1.1 %

Shares of NASDAQ ADP opened at $313.22 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s 50-day moving average is $298.18 and its two-hundred day moving average is $289.59. Automatic Data Processing, Inc. has a 12-month low of $231.27 and a 12-month high of $313.72. The company has a market capitalization of $127.62 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 3.59 and a beta of 0.79.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. Equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $1.54 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.16 dividend on an annualized basis and a yield of 1.97%. Automatic Data Processing’s dividend payout ratio (DPR) is 64.23%.

Automatic Data Processing Profile

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.