Roffman Miller Associates Inc. PA increased its stake in Automatic Data Processing (NASDAQ:ADP) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 207,294 shares of the business services provider’s stock after acquiring an additional 934 shares during the period. Automatic Data Processing makes up approximately 3.0% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 10th biggest position. Roffman Miller Associates Inc. PA’s holdings in Automatic Data Processing were worth $24,293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ADP. Bedel Financial Consulting Inc. bought a new position in Automatic Data Processing in the fourth quarter valued at about $591,000. California Public Employees Retirement System grew its position in Automatic Data Processing by 2.8% in the fourth quarter. California Public Employees Retirement System now owns 1,124,541 shares of the business services provider’s stock valued at $131,785,000 after acquiring an additional 30,891 shares during the last quarter. BP PLC grew its position in Automatic Data Processing by 92.6% in the fourth quarter. BP PLC now owns 52,000 shares of the business services provider’s stock valued at $6,094,000 after acquiring an additional 25,000 shares during the last quarter. Retirement Income Solutions Inc bought a new position in Automatic Data Processing in the fourth quarter valued at about $961,000. Finally, Regal Investment Advisors LLC grew its position in Automatic Data Processing by 11.9% in the fourth quarter. Regal Investment Advisors LLC now owns 14,138 shares of the business services provider’s stock valued at $1,657,000 after acquiring an additional 1,506 shares during the last quarter. Institutional investors own 78.55% of the company’s stock.

In other Automatic Data Processing news, insider Michael A. Bonarti sold 3,900 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $116.03, for a total value of $452,517.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John P. Jones III sold 5,688 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $116.03, for a total value of $659,978.64. Following the completion of the transaction, the director now directly owns 53,956 shares in the company, valued at $6,260,514.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,767 shares of company stock worth $17,801,722. Insiders own 0.25% of the company’s stock.

Automatic Data Processing (ADP) opened at $111.43 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $49,393.54, a P/E ratio of 28.87, a P/E/G ratio of 2.43 and a beta of 0.86. Automatic Data Processing has a 12 month low of $95.50 and a 12 month high of $125.24.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, January 31st. The business services provider reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.10. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. Automatic Data Processing had a return on equity of 43.28% and a net margin of 13.47%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. analysts predict that Automatic Data Processing will post 4.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.26%. The ex-dividend date is Thursday, March 8th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 65.45%.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Automatic Data Processing from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a report on Wednesday, November 8th. BidaskClub cut Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Barclays boosted their price target on Automatic Data Processing from $121.00 to $128.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. BMO Capital Markets reduced their price target on Automatic Data Processing from $122.00 to $121.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Finally, Sanford C. Bernstein boosted their price target on Automatic Data Processing from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Automatic Data Processing currently has an average rating of “Hold” and a consensus price target of $118.43.

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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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