Automatic Data Processing (ADP) Holdings Reduced by National Planning Corp

National Planning Corp cut its stake in shares of Automatic Data Processing (NASDAQ:ADP) by 25.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,610 shares of the business services provider’s stock after selling 1,893 shares during the period. National Planning Corp’s holdings in Automatic Data Processing were worth $621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC boosted its position in Automatic Data Processing by 0.6% during the 1st quarter. Flagship Harbor Advisors LLC now owns 2,778 shares of the business services provider’s stock worth $282,000 after purchasing an additional 16 shares during the period. Proficio Capital Partners LLC boosted its position in Automatic Data Processing by 1.8% during the 2nd quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock worth $111,000 after purchasing an additional 17 shares during the period. Northwest Quadrant Wealth Management LLC boosted its position in Automatic Data Processing by 0.5% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 4,221 shares of the business services provider’s stock worth $458,000 after purchasing an additional 21 shares during the period. Ironwood Investment Management LLC boosted its position in Automatic Data Processing by 0.7% during the 2nd quarter. Ironwood Investment Management LLC now owns 3,463 shares of the business services provider’s stock worth $355,000 after purchasing an additional 25 shares during the period. Finally, Savant Capital LLC boosted its position in Automatic Data Processing by 0.5% during the 2nd quarter. Savant Capital LLC now owns 4,729 shares of the business services provider’s stock worth $484,000 after purchasing an additional 25 shares during the period. 78.67% of the stock is owned by institutional investors.

Shares of Automatic Data Processing (NASDAQ:ADP) opened at $118.47 on Friday. The stock has a market cap of $52,540.00, a PE ratio of 30.07, a PEG ratio of 2.90 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.10 and a quick ratio of 1.10. Automatic Data Processing has a 12 month low of $94.11 and a 12 month high of $121.77.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.06 billion. Automatic Data Processing had a net margin of 14.08% and a return on equity of 42.34%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 EPS. sell-side analysts forecast that Automatic Data Processing will post 3.91 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 8th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Thursday, December 7th. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $0.57. Automatic Data Processing’s dividend payout ratio is 63.96%.

In related news, insider Michael A. Bonarti sold 3,900 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $116.03, for a total transaction of $452,517.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Donald Weinstein sold 2,275 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $116.03, for a total transaction of $263,968.25. Following the sale, the vice president now directly owns 27,399 shares of the company’s stock, valued at approximately $3,179,105.97. The disclosure for this sale can be found here. In the last 90 days, insiders sold 115,505 shares of company stock worth $13,612,788. Company insiders own 0.25% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub cut shares of Automatic Data Processing from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup reiterated a “neutral” rating and issued a $118.00 price objective (up previously from $110.00) on shares of Automatic Data Processing in a report on Friday. Finally, Bank of America boosted their price objective on shares of Automatic Data Processing from $111.00 to $114.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $115.21.

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Automatic Data Processing Profile

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

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

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