G&S Capital LLC Has $2.97 Million Stock Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

G&S Capital LLC lessened its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,740 shares of the business services provider’s stock after selling 439 shares during the quarter. Automatic Data Processing comprises 1.4% of G&S Capital LLC’s investment portfolio, making the stock its 20th biggest position. G&S Capital LLC’s holdings in Automatic Data Processing were worth $2,968,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ADP. Cerity Partners LLC boosted its position in Automatic Data Processing by 23.6% in the fourth quarter. Cerity Partners LLC now owns 156,652 shares of the business services provider’s stock valued at $36,541,000 after buying an additional 29,894 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in Automatic Data Processing by 0.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 29,058 shares of the business services provider’s stock valued at $6,770,000 after buying an additional 76 shares during the last quarter. Aspiriant LLC increased its holdings in Automatic Data Processing by 12.5% in the fourth quarter. Aspiriant LLC now owns 1,577 shares of the business services provider’s stock valued at $367,000 after purchasing an additional 175 shares during the period. Hendershot Investments Inc. raised its position in Automatic Data Processing by 13.6% during the 4th quarter. Hendershot Investments Inc. now owns 69,291 shares of the business services provider’s stock worth $16,143,000 after purchasing an additional 8,321 shares during the last quarter. Finally, S.E.E.D. Planning Group LLC lifted its holdings in Automatic Data Processing by 5.1% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 2,885 shares of the business services provider’s stock worth $672,000 after buying an additional 139 shares during the period. Institutional investors own 80.03% of the company’s stock.

Insiders Place Their Bets

In other Automatic Data Processing news, VP David Kwon sold 863 shares of Automatic Data Processing stock in a transaction 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 completion of the transaction, the vice president now directly owns 8,285 shares of the company’s stock, valued at $2,071,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 value of $215,750.00. Following the completion of the sale, the vice president now owns 8,285 shares of the company’s stock, valued at approximately $2,071,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Ayala sold 1,500 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $235.13, for a total value of $352,695.00. Following the completion of the transaction, the vice president now directly owns 19,183 shares of the company’s stock, valued at $4,510,498.79. The disclosure for this sale can be found here. Insiders have sold a total of 16,662 shares of company stock worth $4,094,554 in the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ADP shares. Royal Bank of Canada reissued a “sector perform” rating and set a $267.00 target price on shares of Automatic Data Processing in a research note on Thursday, February 1st. Wolfe Research upgraded Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. StockNews.com cut Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Mizuho increased their target price on Automatic Data Processing from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Monday, March 11th. Finally, Evercore ISI increased their target price on shares of Automatic Data Processing from $227.00 to $235.00 and gave the stock an “underperform” rating in a research note on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $254.58.

Automatic Data Processing Trading Down 0.6 %

Shares of NASDAQ ADP traded down $1.58 during midday trading on Thursday, reaching $244.21. The company had a trading volume of 240,277 shares, compared to its average volume of 1,841,470. The firm’s fifty day moving average price is $248.05 and its 200-day moving average price is $239.07. The stock has a market cap of $100.32 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 2.32 and a beta of 0.78. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.69. Automatic Data Processing, Inc. has a one year low of $201.46 and a one year high of $256.84.

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

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Friday, June 14th. Automatic Data Processing’s payout ratio is currently 65.19%.

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.