JustInvest LLC boosted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 13.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,668 shares of the business services provider’s stock after purchasing an additional 1,283 shares during the period. JustInvest LLC’s holdings in Automatic Data Processing were worth $2,011,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Spearhead Capital Advisors LLC lifted its position in Automatic Data Processing by 10.9% in the first quarter. Spearhead Capital Advisors LLC now owns 81,748 shares of the business services provider’s stock valued at $15,407,000 after purchasing an additional 8,037 shares during the period. WASHINGTON TRUST Co lifted its position in Automatic Data Processing by 1.2% in the first quarter. WASHINGTON TRUST Co now owns 102,916 shares of the business services provider’s stock valued at $19,396,000 after purchasing an additional 1,256 shares during the period. Atlas Private Wealth Advisors lifted its position in Automatic Data Processing by 127.6% in the first quarter. Atlas Private Wealth Advisors now owns 223 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 125 shares during the period. Wilkinson Global Asset Management LLC purchased a new stake in shares of Automatic Data Processing during the 1st quarter worth approximately $204,000. Finally, Howland Capital Management LLC boosted its stake in shares of Automatic Data Processing by 2.6% during the 1st quarter. Howland Capital Management LLC now owns 119,939 shares of the business services provider’s stock worth $22,605,000 after acquiring an additional 3,093 shares in the last quarter. Hedge funds and other institutional investors own 79.65% of the company’s stock.

Shares of ADP stock traded up $1.34 on Tuesday, reaching $192.80. 18,172 shares of the stock were exchanged, compared to its average volume of 1,984,989. The stock has a market cap of $82.51 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 2.39 and a beta of 0.70. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $189.77 and a two-hundred day moving average of $174.15. Automatic Data Processing, Inc. has a 1-year low of $127.31 and a 1-year high of $197.28.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Tuesday, April 27th. The business services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. Automatic Data Processing had a return on equity of 46.13% and a net margin of 17.07%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.92 EPS. On average, equities research analysts predict that Automatic Data Processing, Inc. will post 5.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 1st. Investors of record on Friday, June 11th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, June 10th. This represents a $3.72 dividend on an annualized basis and a yield of 1.93%. Automatic Data Processing’s dividend payout ratio (DPR) is 62.84%.

Several equities research analysts have recently commented on ADP shares. Deutsche Bank Aktiengesellschaft boosted their price target on Automatic Data Processing from $150.00 to $173.00 and gave the stock a “hold” rating in a research note on Thursday, January 28th. Mizuho began coverage on Automatic Data Processing in a research note on Wednesday, February 10th. They set a “buy” rating and a $210.00 price target on the stock. Wells Fargo & Company lifted their price objective on Automatic Data Processing from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, January 28th. Barclays lifted their price objective on Automatic Data Processing from $197.00 to $212.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Citigroup lifted their price objective on Automatic Data Processing from $190.00 to $212.00 in a research report on Monday. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $174.53.

In other Automatic Data Processing news, VP Stuart Sackman sold 576 shares of the company’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $185.00, for a total value of $106,560.00. Following the completion of the transaction, the vice president now directly owns 23,221 shares of the company’s stock, valued at approximately $4,295,885. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Deborah L. Dyson sold 500 shares of the company’s stock in a transaction dated Monday, April 12th. The shares were sold at an average price of $188.72, for a total transaction of $94,360.00. Following the completion of the transaction, the vice president now directly owns 24,686 shares of the company’s stock, valued at $4,658,741.92. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.

About Automatic Data Processing

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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