SOA Wealth Advisors LLC. acquired a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) in the 4th quarter, Holdings Channel reports. The firm acquired 420 shares of the business services provider’s stock, valued at approximately $70,000.

Several other institutional investors have also added to or reduced their stakes in the company. Eudaimonia Partners LLC increased its position in shares of Automatic Data Processing by 1.0% in the third quarter. Eudaimonia Partners LLC now owns 5,590 shares of the business services provider’s stock worth $780,000 after acquiring an additional 57 shares in the last quarter. Pinnacle Associates Ltd. increased its position in shares of Automatic Data Processing by 0.6% in the fourth quarter. Pinnacle Associates Ltd. now owns 11,089 shares of the business services provider’s stock worth $1,954,000 after acquiring an additional 61 shares in the last quarter. Symmetry Partners LLC increased its position in shares of Automatic Data Processing by 0.8% in the fourth quarter. Symmetry Partners LLC now owns 7,772 shares of the business services provider’s stock worth $1,369,000 after acquiring an additional 63 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of Automatic Data Processing by 1.5% in the fourth quarter. EP Wealth Advisors LLC now owns 4,267 shares of the business services provider’s stock worth $752,000 after acquiring an additional 65 shares in the last quarter. Finally, Glassman Wealth Services increased its position in shares of Automatic Data Processing by 33.3% in the fourth quarter. Glassman Wealth Services now owns 264 shares of the business services provider’s stock worth $47,000 after acquiring an additional 66 shares in the last quarter. 79.65% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. Citigroup raised shares of Automatic Data Processing from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $190.00 in a research report on Friday, January 29th. Mizuho started coverage on shares of Automatic Data Processing in a research note on Wednesday, February 10th. They issued a “buy” rating and a $210.00 target price for the company. Evercore ISI downgraded shares of Automatic Data Processing from an “outperform” rating to an “underperform” rating and decreased their target price for the company from $197.00 to $143.00 in a research note on Tuesday, January 12th. Wells Fargo & Company upped their target price on shares of Automatic Data Processing from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, January 28th. Finally, Morgan Stanley increased their price objective on shares of Automatic Data Processing from $159.00 to $171.00 and gave the company an “equal weight” rating in a research note on Thursday, January 28th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $168.53.

Automatic Data Processing stock opened at $185.81 on Thursday. The firm’s 50-day moving average is $181.40 and its 200-day moving average is $167.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.08. Automatic Data Processing, Inc. has a 1 year low of $127.31 and a 1 year high of $193.76. The company has a market cap of $79.52 billion, a P/E ratio of 32.26, a PEG ratio of 2.39 and a beta of 0.70.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Tuesday, January 26th. The business services provider reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.23. Automatic Data Processing had a net margin of 17.07% and a return on equity of 46.13%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the company earned $1.52 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, sell-side analysts predict that Automatic Data Processing, Inc. will post 5.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 1st. Investors of record on Friday, June 11th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.00%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 62.84%.

In related news, VP Deborah L. Dyson sold 600 shares of the stock in a transaction dated Monday, January 11th. The shares were sold at an average price of $170.93, for a total value of $102,558.00. Following the sale, the vice president now owns 24,786 shares of the company’s stock, valued at approximately $4,236,670.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Stuart Sackman sold 576 shares of the stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $185.00, for a total transaction of $106,560.00. Following the completion of the sale, the vice president now directly owns 23,221 shares in the company, valued at approximately $4,295,885. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.

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

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