Catawba Capital Management VA bought a new stake in Automatic Data Processing (NASDAQ:ADP) during the fourth quarter, Holdings Channel reports. The firm bought 3,525 shares of the business services provider’s stock, valued at approximately $413,000.

A number of other large investors have also bought and sold shares of ADP. Pershing Square Capital Management L.P. raised its position in Automatic Data Processing by 402.5% in the third quarter. Pershing Square Capital Management L.P. now owns 8,798,442 shares of the business services provider’s stock valued at $961,846,000 after purchasing an additional 7,047,575 shares during the period. Janus Henderson Group PLC raised its position in Automatic Data Processing by 5,962.5% in the second quarter. Janus Henderson Group PLC now owns 4,013,865 shares of the business services provider’s stock valued at $411,260,000 after purchasing an additional 3,947,657 shares during the period. Canada Pension Plan Investment Board raised its position in Automatic Data Processing by 42,776.7% in the third quarter. Canada Pension Plan Investment Board now owns 1,376,771 shares of the business services provider’s stock valued at $150,509,000 after purchasing an additional 1,373,560 shares during the period. Fundsmith LLP raised its position in Automatic Data Processing by 29.0% in the second quarter. Fundsmith LLP now owns 5,176,340 shares of the business services provider’s stock valued at $530,368,000 after purchasing an additional 1,164,972 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Automatic Data Processing by 671.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,245,110 shares of the business services provider’s stock valued at $127,574,000 after purchasing an additional 1,083,799 shares during the period. Institutional investors own 78.68% of the company’s stock.

In related news, VP Maria Black sold 1,786 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $119.72, for a total transaction of $213,819.92. Following the completion of the transaction, the vice president now directly owns 11,858 shares of the company’s stock, valued at approximately $1,419,639.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael A. Bonarti sold 3,900 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $116.03, for a total value of $452,517.00. The disclosure for this sale can be found here. Insiders have sold a total of 117,291 shares of company stock valued at $13,826,607 over the last three months. 0.25% of the stock is currently owned by insiders.

A number of equities research analysts have commented on ADP shares. BidaskClub upgraded Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Zacks Investment Research upgraded Automatic Data Processing from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and issued a $108.00 target price on shares of Automatic Data Processing in a research report on Wednesday, October 4th. Bank of America lifted their target price on Automatic Data Processing from $111.00 to $114.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Finally, Barclays boosted their price objective on Automatic Data Processing from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $115.21.

Automatic Data Processing (ADP) traded down $1.15 during mid-day trading on Friday, hitting $120.90. The company had a trading volume of 1,482,700 shares, compared to its average volume of 1,848,158. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $53,840.00, a P/E ratio of 30.69, a PEG ratio of 3.02 and a beta of 0.85. Automatic Data Processing has a 52-week low of $94.11 and a 52-week high of $122.90.

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

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be issued a $0.63 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.52 annualized dividend and a dividend yield of 2.08%. Automatic Data Processing’s dividend payout ratio is presently 63.96%.

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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.

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

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