Atria Investments LLC boosted its stake in shares of Automatic Data Processing (NYSE:ADP) by 9.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,755 shares of the company’s stock after buying an additional 1,733 shares during the period. Atria Investments LLC’s holdings in Automatic Data Processing were worth $1,742,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its stake in shares of Automatic Data Processing by 0.5% in the second quarter. Sequoia Financial Advisors LLC now owns 3,747 shares of the company’s stock valued at $344,000 after buying an additional 20 shares during the period. HBK Sorce Advisory LLC raised its stake in shares of Automatic Data Processing by 1.0% in the second quarter. HBK Sorce Advisory LLC now owns 2,333 shares of the company’s stock valued at $214,000 after buying an additional 24 shares during the period. Hanson McClain Inc. raised its stake in shares of Automatic Data Processing by 2.0% in the second quarter. Hanson McClain Inc. now owns 1,287 shares of the company’s stock valued at $118,000 after buying an additional 25 shares during the period. Smith Salley & Associates raised its stake in shares of Automatic Data Processing by 1.2% in the second quarter. Smith Salley & Associates now owns 2,436 shares of the company’s stock valued at $224,000 after buying an additional 30 shares during the period. Finally, Marco Investment Management LLC raised its stake in shares of Automatic Data Processing by 1.2% in the second quarter. Marco Investment Management LLC now owns 4,114 shares of the company’s stock valued at $378,000 after buying an additional 50 shares during the period.

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

Automatic Data Processing (NYSE:ADP) traded down 0.36% on Monday, reaching $96.57. The company had a trading volume of 1,968,349 shares. The firm has a 50 day moving average price of $90.08 and a 200-day moving average price of $89.59. The stock has a market capitalization of $43.57 billion and a price-to-earnings ratio of 28.90. Automatic Data Processing has a 12 month low of $76.65 and a 12 month high of $97.43.

Automatic Data Processing (NYSE:ADP) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.10. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the business earned $0.68 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts forecast that Automatic Data Processing will post $3.66 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Friday, December 9th will be paid a $0.57 dividend. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.53. This represents a $2.28 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Wednesday, December 7th.

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Several equities research analysts have recently commented on the company. BMO Capital Markets reaffirmed a “hold” rating on shares of Automatic Data Processing in a report on Thursday, November 3rd. Zacks Investment Research downgraded Automatic Data Processing from a “hold” rating to a “sell” rating in a report on Tuesday, November 1st. Jefferies Group upped their target price on Automatic Data Processing from $75.00 to $81.00 and gave the company an “underperform” rating in a report on Monday, August 1st. Finally, Wedbush assumed coverage on Automatic Data Processing in a report on Thursday, September 8th. They set a “neutral” rating and a $100.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $95.14.

In other news, insider Jan Siegmund sold 6,592 shares of Automatic Data Processing stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $89.20, for a total value of $588,006.40. Following the completion of the sale, the insider now directly owns 52,193 shares of the company’s stock, valued at approximately $4,655,615.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael A. Bonarti sold 4,840 shares of Automatic Data Processing stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $89.72, for a total value of $434,244.80. Following the completion of the sale, the insider now directly owns 41,746 shares of the company’s stock, valued at $3,745,451.12. The disclosure for this sale can be found here.

About Automatic Data Processing

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions.

5 Day Chart for NYSE:ADP

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