Values Added Financial LLC Decreases Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Values Added Financial LLC lessened its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,462 shares of the business services provider’s stock after selling 74 shares during the quarter. Values Added Financial LLC’s holdings in Automatic Data Processing were worth $341,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADP. Moneta Group Investment Advisors LLC boosted its position in Automatic Data Processing by 94,265.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,770,728 shares of the business services provider’s stock valued at $1,617,256,000 after buying an additional 6,763,553 shares during the period. Norges Bank purchased a new position in Automatic Data Processing in the 4th quarter valued at approximately $531,416,000. Veritas Asset Management LLP purchased a new position in Automatic Data Processing in the 2nd quarter valued at approximately $375,485,000. Imprint Wealth LLC lifted its position in shares of Automatic Data Processing by 24,743.9% during the 2nd quarter. Imprint Wealth LLC now owns 987,795 shares of the business services provider’s stock worth $98,780,000 after purchasing an additional 983,819 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Automatic Data Processing by 40.7% during the 3rd quarter. Invesco Ltd. now owns 3,128,701 shares of the business services provider’s stock worth $752,703,000 after purchasing an additional 905,043 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 0.6 %

Shares of ADP opened at $249.74 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average is $246.48 and its two-hundred day moving average is $238.98. Automatic Data Processing, Inc. has a twelve month low of $201.46 and a twelve month high of $256.84. The firm has a market capitalization of $102.59 billion, a P/E ratio of 29.07, a PEG ratio of 2.30 and a beta of 0.78.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, January 31st. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.03. Automatic Data Processing had a net margin of 19.14% and a return on equity of 95.22%. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period in the prior year, the business posted $1.96 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, research analysts predict that Automatic Data Processing, Inc. will post 9.14 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, March 7th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 65.19%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADP. Bank of America raised shares of Automatic Data Processing from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $217.00 to $243.00 in a research report on Wednesday, January 17th. Mizuho boosted their price target on shares of Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, March 11th. Stifel Nicolaus reissued a “hold” rating and issued a $250.00 price target on shares of Automatic Data Processing in a research report on Thursday, November 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $267.00 price objective on shares of Automatic Data Processing in a research note on Thursday, February 1st. Finally, Evercore ISI lifted their price objective on shares of Automatic Data Processing from $227.00 to $235.00 and gave the company an “underperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $253.08.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP David Kwon sold 863 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $250.00, for a total value of $215,750.00. Following the sale, the vice president now owns 8,285 shares of the company’s stock, valued at $2,071,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Don Mcguire sold 11,333 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.00, for a total transaction of $2,776,585.00. Following the transaction, the vice president now owns 19,906 shares of the company’s stock, valued at $4,876,970. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David Kwon sold 863 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $250.00, for a total transaction of $215,750.00. Following the transaction, the vice president now directly owns 8,285 shares in the company, valued at approximately $2,071,250. The disclosure for this sale can be found here. Insiders have sold 16,662 shares of company stock valued at $4,094,554 over the last quarter. Corporate insiders own 0.26% of the company’s stock.

Automatic Data Processing Company Profile

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