Caldera Capital LLC increased its stake in shares of Automatic Data Processing (NYSE:ADP) by 486.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,297 shares of the business services provider’s stock after acquiring an additional 41,722 shares during the period. Automatic Data Processing comprises approximately 4.0% of Caldera Capital LLC’s investment portfolio, making the stock its 11th largest holding. Caldera Capital LLC’s holdings in Automatic Data Processing were worth $5,150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Automatic Data Processing by 1,971.2% during the first quarter. BlackRock Inc. now owns 29,631,769 shares of the business services provider’s stock worth $3,033,995,000 after acquiring an additional 28,201,085 shares in the last quarter. First National Trust Co. raised its holdings in Automatic Data Processing by 10.4% during the first quarter. First National Trust Co. now owns 42,694 shares of the business services provider’s stock worth $4,372,000 after acquiring an additional 4,005 shares in the last quarter. Stifel Financial Corp raised its holdings in Automatic Data Processing by 3.0% during the first quarter. Stifel Financial Corp now owns 358,517 shares of the business services provider’s stock worth $36,725,000 after acquiring an additional 10,321 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Automatic Data Processing by 1.0% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 38,651 shares of the business services provider’s stock worth $3,957,000 after acquiring an additional 380 shares in the last quarter. Finally, Community Bank & Trust Waco Texas raised its holdings in Automatic Data Processing by 1.3% during the first quarter. Community Bank & Trust Waco Texas now owns 8,000 shares of the business services provider’s stock worth $819,000 after acquiring an additional 100 shares in the last quarter.

In related news, CEO Carlos A. Rodriguez sold 36,363 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $110.00, for a total value of $3,999,930.00. Following the sale, the chief executive officer now owns 146,494 shares of the company’s stock, valued at approximately $16,114,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Donald Weinstein sold 1,933 shares of Automatic Data Processing stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $101.98, for a total transaction of $197,127.34. Following the completion of the sale, the vice president now directly owns 25,737 shares in the company, valued at approximately $2,624,659.26. The disclosure for this sale can be found here. Insiders sold a total of 41,228 shares of company stock worth $4,496,063 in the last 90 days.

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Shares of Automatic Data Processing (NYSE ADP) traded up 1.17% during trading on Wednesday, hitting $107.68. The stock had a trading volume of 1,261,287 shares. The company’s 50 day moving average price is $107.90 and its 200 day moving average price is $103.50. Automatic Data Processing has a 52 week low of $85.48 and a 52 week high of $121.77. The company has a market capitalization of $47.85 billion and a price-to-earnings ratio of 27.97.

Automatic Data Processing (NYSE:ADP) last announced its earnings results on Thursday, July 27th. The business services provider reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by $0.02. Automatic Data Processing had a return on equity of 26.39% and a net margin of 8.67%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. Automatic Data Processing’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts predict that Automatic Data Processing will post $3.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 8th will be paid a $0.57 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.14%.

Several research firms recently issued reports on ADP. Royal Bank Of Canada upped their target price on Automatic Data Processing from $94.00 to $95.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 1st. BidaskClub upgraded Automatic Data Processing from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Stifel Nicolaus restated a “hold” rating and issued a $108.00 price objective (up previously from $103.00) on shares of Automatic Data Processing in a research note on Sunday, July 30th. Robert W. Baird restated a “neutral” rating and issued a $95.00 price objective on shares of Automatic Data Processing in a research note on Sunday, July 30th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $105.00 price objective (up previously from $100.00) on shares of Automatic Data Processing in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $107.25.

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.

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

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