Automatic Data Processing (ADP) Holdings Maintained by Pensionfund Sabic
Pensionfund Sabic held its stake in Automatic Data Processing (NYSE:ADP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,700 shares of the business services provider’s stock at the close of the 2nd quarter. Pensionfund Sabic’s holdings in Automatic Data Processing were worth $1,916,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of ADP. Coconut Grove Bank increased its position in shares of Automatic Data Processing by 79.6% during the 1st quarter. Coconut Grove Bank now owns 1,038 shares of the business services provider’s stock worth $106,000 after purchasing an additional 460 shares during the last quarter. Grisanti Capital Management LLC increased its position in shares of Automatic Data Processing by 4.5% during the 1st quarter. Grisanti Capital Management LLC now owns 1,045 shares of the business services provider’s stock worth $107,000 after purchasing an additional 45 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Automatic Data Processing during the 1st quarter worth about $113,000. Harbour Capital Advisors LLC acquired a new stake in shares of Automatic Data Processing during the 1st quarter worth about $176,000. Finally, Guardian Life Insurance Co. of America increased its position in shares of Automatic Data Processing by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,740 shares of the business services provider’s stock worth $178,000 after purchasing an additional 12 shares during the last quarter.
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In other Automatic Data Processing news, VP Brock Albinson sold 3,663 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $106.54, for a total transaction of $390,256.02. Following the completion of the sale, the vice president now directly owns 6,287 shares in the company, valued at $669,816.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Donald Weinstein sold 1,933 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $101.98, for a total value of $197,127.34. Following the sale, the vice president now owns 25,737 shares of the company’s stock, valued at $2,624,659.26. The disclosure for this sale can be found here. Insiders have sold 45,522 shares of company stock valued at $4,953,609 over the last 90 days.
Shares of Automatic Data Processing (NYSE:ADP) traded down 0.47% during trading on Friday, reaching $108.41. The company had a trading volume of 3,124,962 shares. The firm has a 50-day moving average of $108.42 and a 200 day moving average of $103.60. Automatic Data Processing has a 52 week low of $85.48 and a 52 week high of $121.77. The firm has a market capitalization of $48.17 billion and a price-to-earnings ratio of 28.16.
Automatic Data Processing (NYSE:ADP) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.04 billion. Automatic Data Processing had a return on equity of 26.39% and a net margin of 8.67%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. On average, equities research analysts forecast that Automatic Data Processing will post $3.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 8th will be paid a dividend of $0.57 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.28 annualized dividend and a yield of 2.10%.
A number of brokerages recently issued reports on ADP. BidaskClub raised Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Saturday. Goldman Sachs Group, Inc. (The) downgraded Automatic Data Processing from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $115.00 to $108.00 in a research report on Tuesday, June 20th. Royal Bank Of Canada raised their price objective on Automatic Data Processing from $94.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and set a $108.00 price objective (up from $103.00) on shares of Automatic Data Processing in a research report on Sunday, July 30th. Finally, Barclays PLC downgraded Automatic Data Processing from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $110.00 to $105.00 in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. Automatic Data Processing currently has an average rating of “Hold” and an average target price of $107.81.
Automatic Data Processing Company Profile
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.
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