CAPROCK Group Inc. held its stake in Automatic Data Processing (NYSE:ADP) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,254 shares of the business services provider’s stock at the end of the first quarter. CAPROCK Group Inc.’s holdings in Automatic Data Processing were worth $948,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Zions Bancorporation increased its position in shares of Automatic Data Processing by 3.1% in the fourth quarter. Zions Bancorporation now owns 1,224 shares of the business services provider’s stock worth $126,000 after buying an additional 37 shares in the last quarter. TLP Group LLC purchased a new position in Automatic Data Processing during the third quarter worth $129,000. Massmutual Trust Co. FSB ADV purchased a new position in Automatic Data Processing during the fourth quarter worth $132,000. Sowell Financial Services LLC purchased a new position in Automatic Data Processing during the fourth quarter worth $180,000. Finally, Ibex Wealth Advisors purchased a new position in Automatic Data Processing during the fourth quarter worth $197,000.

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

Shares of Automatic Data Processing (NYSE:ADP) traded down 0.01% on Friday, hitting $98.34. The stock had a trading volume of 396,123 shares. Automatic Data Processing has a 12 month low of $85.20 and a 12 month high of $105.68. The firm has a market cap of $44.00 billion and a P/E ratio of 25.44. The firm’s 50-day moving average price is $101.03 and its 200 day moving average price is $99.92.

Automatic Data Processing (NYSE:ADP) last released its earnings results on Wednesday, May 3rd. The business services provider reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.08. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same quarter last year, the business posted $1.17 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. Analysts anticipate that Automatic Data Processing will post $3.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 1st. Investors of record on Friday, June 9th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Wednesday, June 7th.

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Several analysts recently weighed in on the company. Barclays PLC restated a “buy” rating on shares of Automatic Data Processing in a research note on Thursday, April 27th. Stifel Nicolaus upped their price objective on Automatic Data Processing from $95.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, January 30th. BMO Capital Markets reaffirmed a “hold” rating on shares of Automatic Data Processing in a research report on Thursday, February 2nd. Argus reissued a “buy” rating and set a $118.00 price target on shares of Automatic Data Processing in a report on Sunday, February 5th. Finally, William Blair reissued an “outperform” rating on shares of Automatic Data Processing in a report on Tuesday, February 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $102.39.

In other Automatic Data Processing news, insider Michael C. Eberhard sold 500 shares of Automatic Data Processing stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $105.00, for a total transaction of $52,500.00. Following the completion of the transaction, the insider now owns 27,166 shares in the company, valued at $2,852,430. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John P. Jones III sold 5,688 shares of Automatic Data Processing stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $104.46, for a total transaction of $594,168.48. Following the transaction, the director now owns 49,611 shares of the company’s stock, valued at approximately $5,182,365.06. The disclosure for this sale can be found here. Insiders sold 16,519 shares of company stock valued at $1,731,481 in the last quarter.

About Automatic Data Processing

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

5 Day Chart for NYSE:ADP

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