180 Shares in Automatic Data Processing, Inc. (NASDAQ:ADP) Bought by Bfsg LLC

Bfsg LLC purchased a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 180 shares of the business services provider’s stock, valued at approximately $42,000.

Other institutional investors have also bought and sold shares of the company. OFI Invest Asset Management bought a new stake in Automatic Data Processing during the third quarter worth $25,000. Fortitude Family Office LLC purchased a new position in shares of Automatic Data Processing during the 4th quarter valued at $35,000. Raleigh Capital Management Inc. lifted its position in shares of Automatic Data Processing by 106.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 173 shares of the business services provider’s stock valued at $42,000 after buying an additional 89 shares during the last quarter. Carmel Capital Partners LLC lifted its position in shares of Automatic Data Processing by 43.4% during the 3rd quarter. Carmel Capital Partners LLC now owns 228 shares of the business services provider’s stock valued at $55,000 after buying an additional 69 shares during the last quarter. Finally, VisionPoint Advisory Group LLC lifted its position in shares of Automatic Data Processing by 323.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 237 shares of the business services provider’s stock valued at $57,000 after buying an additional 181 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ADP shares. Bank of America raised Automatic Data Processing from an “underperform” rating to a “neutral” rating and upped their price target for the company from $217.00 to $243.00 in a research report on Wednesday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $267.00 price target on shares of Automatic Data Processing in a research report on Thursday, February 1st. StockNews.com cut Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Wolfe Research raised Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 4th. Finally, Mizuho upped their price target on Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, March 11th. Two investment 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 presently has a consensus rating of “Hold” and a consensus price target of $254.58.

Automatic Data Processing Price Performance

ADP stock opened at $245.95 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.01 and a quick ratio of 1.01. Automatic Data Processing, Inc. has a one year low of $205.53 and a one year high of $256.84. The stock has a market cap of $101.03 billion, a PE ratio of 28.68, a P/E/G ratio of 2.32 and a beta of 0.78. The firm has a 50 day simple moving average of $246.89 and a two-hundred day simple moving average of $239.31.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, January 31st. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the previous year, the company earned $1.96 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Automatic Data Processing, Inc. will post 9.14 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $5.60 dividend on an annualized basis and a yield of 2.28%. Automatic Data Processing’s dividend payout ratio is presently 65.19%.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Sreenivasa Kutam sold 368 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $247.01, for a total value of $90,899.68. Following the completion of the transaction, the vice president now owns 20,319 shares of the company’s stock, valued at approximately $5,018,996.19. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, VP Joseph Desilva sold 1,904 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $255.00, for a total value of $485,520.00. Following the completion of the sale, the vice president now directly owns 17,179 shares in the company, valued at approximately $4,380,645. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sreenivasa Kutam sold 368 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $247.01, for a total transaction of $90,899.68. Following the completion of the sale, the vice president now owns 20,319 shares of the company’s stock, valued at $5,018,996.19. The disclosure for this sale can be found here. Insiders sold a total of 15,162 shares of company stock valued at $3,741,859 in 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.