Ffcm LLC lifted its position in shares of Automatic Data Processing (NASDAQ:ADP) by 22.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 35,224 shares of the business services provider’s stock after purchasing an additional 6,534 shares during the quarter. Ffcm LLC’s holdings in Automatic Data Processing were worth $4,127,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Legacy Advisors LLC acquired a new position in Automatic Data Processing during the 4th quarter worth approximately $103,000. Calton & Associates Inc. acquired a new position in Automatic Data Processing during the 4th quarter worth approximately $118,000. Acrospire Investment Management LLC acquired a new position in Automatic Data Processing during the 2nd quarter worth approximately $102,000. Wealthcare Advisory Partners LLC acquired a new position in Automatic Data Processing during the 3rd quarter worth approximately $114,000. Finally, Cerebellum GP LLC acquired a new position in Automatic Data Processing during the 4th quarter worth approximately $129,000. Institutional investors and hedge funds own 78.55% of the company’s stock.

Automatic Data Processing (ADP) opened at $111.82 on Wednesday. Automatic Data Processing has a 52-week low of $95.50 and a 52-week high of $125.24. The stock has a market capitalization of $49,491.06, a P/E ratio of 28.92, a price-to-earnings-growth ratio of 2.43 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06.

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

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, March 8th. Automatic Data Processing’s payout ratio is 65.45%.

ADP has been the topic of several recent research reports. BidaskClub lowered Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research raised Automatic Data Processing from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research report on Friday, January 5th. Morgan Stanley reissued an “equal weight” rating on shares of Automatic Data Processing in a research report on Wednesday, November 15th. Royal Bank of Canada reduced their price target on Automatic Data Processing from $100.00 to $95.00 and set a “sector perform” rating on the stock in a research report on Monday, November 6th. Finally, Citigroup reissued a “neutral” rating and set a $118.00 price target (up from $110.00) on shares of Automatic Data Processing in a research report on Friday, January 12th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $118.43.

In related news, 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 sale, the chief executive officer now directly owns 124,722 shares of the company’s stock, valued at approximately $14,728,420.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Stuart Sackman sold 238 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $121.65, for a total value of $28,952.70. Following the sale, the vice president now directly owns 18,676 shares in the company, valued at $2,271,935.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 149,767 shares of company stock worth $17,801,722. Corporate insiders own 0.25% of the company’s stock.

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

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