Advisor Group Inc. reduced its position in Automatic Data Processing (NASDAQ:ADP) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,350 shares of the business services provider’s stock after selling 3,179 shares during the quarter. Advisor Group Inc.’s holdings in Automatic Data Processing were worth $4,194,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Guardian Life Insurance Co. of America boosted its stake in Automatic Data Processing by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,740 shares of the business services provider’s stock worth $178,000 after acquiring an additional 12 shares in the last quarter. Personal Capital Advisors Corp boosted its stake in Automatic Data Processing by 0.7% during the second quarter. Personal Capital Advisors Corp now owns 2,371 shares of the business services provider’s stock worth $243,000 after acquiring an additional 16 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in Automatic Data Processing by 0.6% during the first quarter. Flagship Harbor Advisors LLC now owns 2,778 shares of the business services provider’s stock worth $282,000 after acquiring an additional 16 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in Automatic Data Processing by 1.8% during the second quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock worth $111,000 after acquiring an additional 17 shares in the last quarter. Finally, Northwest Quadrant Wealth Management LLC boosted its stake in Automatic Data Processing by 0.5% during the second quarter. Northwest Quadrant Wealth Management LLC now owns 4,221 shares of the business services provider’s stock worth $458,000 after acquiring an additional 21 shares in the last quarter. 78.78% of the stock is currently owned by institutional investors.

Automatic Data Processing (ADP) opened at $118.19 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.10. Automatic Data Processing has a 1-year low of $94.11 and a 1-year high of $121.77. The firm has a market cap of $53,190.00, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.89 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.06. Automatic Data Processing had a net margin of 14.08% and a return on equity of 42.34%. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. equities analysts forecast that Automatic Data Processing will post 3.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 8th will be issued a dividend of $0.63 per share. This is an increase from Automatic Data Processing’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.52 annualized dividend and a yield of 2.13%. Automatic Data Processing’s dividend payout ratio is presently 63.96%.

Several brokerages recently issued reports on ADP. Goldman Sachs Group raised shares of Automatic Data Processing from a “neutral” rating to a “buy” rating and increased their target price for the stock from $116.02 to $135.00 in a research note on Monday, December 11th. Bank of America raised shares of Automatic Data Processing from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 5th. BidaskClub raised shares of Automatic Data Processing from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. Morgan Stanley reissued an “equal weight” rating on shares of Automatic Data Processing in a research note on Wednesday, November 15th. Finally, Zacks Investment Research raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Wednesday, November 8th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $114.17.

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Automatic Data Processing 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.

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

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