11,180 Automatic Data Processing, Inc. $ADP Shares Sold by Compass Capital Management Inc.

Compass Capital Management Inc. trimmed its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.1% during the 3rd quarter, Holdings Channel reports. The fund owned 206,648 shares of the business services provider’s stock after selling 11,180 shares during the period. Automatic Data Processing makes up approximately 3.4% of Compass Capital Management Inc.’s investment portfolio, making the stock its 13th biggest position. Compass Capital Management Inc.’s holdings in Automatic Data Processing were worth $53,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Polaris Financial Partners bought a new stake in Automatic Data Processing in the third quarter worth $25,000. Next Level Wealth Planning LLC purchased a new stake in Automatic Data Processing during the third quarter valued at $26,000. Three Bridge Wealth Advisors LLC purchased a new stake in Automatic Data Processing during the third quarter valued at $29,000. Kelly Lawrence W & Associates Inc. CA bought a new position in Automatic Data Processing during the second quarter valued at $34,000. Finally, Cornerstone Financial Management LLC lifted its position in Automatic Data Processing by 59.2% during the second quarter. Cornerstone Financial Management LLC now owns 156 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 58 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Virginia Magliulo sold 2,927 shares of the company’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $293.70, for a total transaction of $859,659.90. Following the transaction, the vice president directly owned 14,865 shares of the company’s stock, valued at approximately $4,365,850.50. This represents a 16.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Jonathan Lehberger sold 770 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $300.35, for a total value of $231,269.50. Following the sale, the vice president owned 4,961 shares of the company’s stock, valued at approximately $1,490,036.35. This represents a 13.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 50,207 shares of company stock valued at $14,522,300. 0.15% of the stock is currently owned by company insiders.

Automatic Data Processing Trading Up 0.7%

NASDAQ ADP opened at $309.93 on Friday. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $311.89. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $122.35 billion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 2.76 and a beta of 0.77. The company’s 50-day simple moving average is $281.38 and its two-hundred day simple moving average is $243.13.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, October 28th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. Automatic Data Processing had a return on equity of 77.01% and a net margin of 20.33%. The business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the firm earned $2.49 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities analysts forecast that Automatic Data Processing, Inc. will post 12.38 EPS for the current fiscal year.

Automatic Data Processing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 1st. Shareholders of record on Friday, December 11th will be paid a $1.90 dividend. This represents a $7.60 annualized dividend and a yield of 2.5%. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.70. The ex-dividend date is Friday, December 11th. Automatic Data Processing’s payout ratio is 60.28%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ADP shares. Morgan Stanley lifted their price objective on shares of Automatic Data Processing from $286.00 to $288.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 29th. Citigroup increased their price target on shares of Automatic Data Processing from $287.00 to $295.00 and gave the company a “neutral” rating in a report on Thursday, October 29th. Weiss Ratings raised shares of Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. BMO Capital Markets lifted their price target on Automatic Data Processing from $248.00 to $305.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. Finally, Guggenheim reissued a “buy” rating and set a $340.00 price objective on shares of Automatic Data Processing in a research note on Thursday, October 29th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus price target of $285.00.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc. (ADP) provides payroll processing and human resources technology and services to businesses of varying sizes. Its offerings include payroll administration, tax filing, benefits administration, workforce management, talent management, and human capital management software. ADP also provides services such as compliance support and professional employer organization solutions, which help businesses manage employment responsibilities. Its products combine software with payroll and HR services to support organizations’ workforce operations.