Personal Capital Advisors Corp boosted its position in shares of Automatic Data Processing (NASDAQ:ADP) by 19.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,949 shares of the business services provider’s stock after acquiring an additional 476 shares during the period. Personal Capital Advisors Corp’s holdings in Automatic Data Processing were worth $346,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ADP. Cedar Capital LLC acquired a new position in shares of Automatic Data Processing during the second quarter valued at about $254,000. Intl Fcstone Inc. acquired a new position in shares of Automatic Data Processing during the second quarter valued at about $1,699,000. AHL Partners LLP raised its position in shares of Automatic Data Processing by 37.3% during the second quarter. AHL Partners LLP now owns 109,735 shares of the business services provider’s stock valued at $11,243,000 after buying an additional 29,836 shares during the last quarter. AMP Capital Investors Ltd raised its position in shares of Automatic Data Processing by 20.0% during the third quarter. AMP Capital Investors Ltd now owns 307,676 shares of the business services provider’s stock valued at $33,636,000 after buying an additional 51,252 shares during the last quarter. Finally, Fundsmith LLP raised its position in shares of Automatic Data Processing by 29.0% during the second quarter. Fundsmith LLP now owns 5,176,340 shares of the business services provider’s stock valued at $530,368,000 after buying an additional 1,164,972 shares during the last quarter. 78.76% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Maria Black sold 1,786 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $119.72, for a total transaction of $213,819.92. Following the transaction, the vice president now directly owns 11,858 shares in the company, valued at $1,419,639.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Carlos A. Rodriguez sold 95,756 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $118.09, for a total transaction of $11,307,826.04. Following the transaction, the chief executive officer now owns 124,722 shares in the company, valued at $14,728,420.98. The disclosure for this sale can be found here. Insiders have sold 117,291 shares of company stock worth $13,826,607 over the last ninety days. Insiders own 0.25% of the company’s stock.

A number of research firms recently weighed in on ADP. Zacks Investment Research cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. BidaskClub cut shares of Automatic Data Processing from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Citigroup reissued a “neutral” rating and issued a $118.00 target price (up previously from $110.00) on shares of Automatic Data Processing in a research note on Friday, January 12th. Sanford C. Bernstein upped their target price on shares of Automatic Data Processing from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Finally, Barclays upped their target price on shares of Automatic Data Processing from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. Automatic Data Processing currently has a consensus rating of “Hold” and a consensus target price of $115.21.

Shares of Automatic Data Processing (ADP) opened at $121.44 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $53,857.39, a PE ratio of 30.90, a price-to-earnings-growth ratio of 3.00 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 issued 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. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Automatic Data Processing had a net margin of 14.08% and a return on equity of 42.34%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. sell-side analysts predict 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. Shareholders of record on Friday, March 9th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.52 annualized dividend and a yield of 2.08%. Automatic Data Processing’s dividend payout ratio is 64.12%.

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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.

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

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