Automatic Data Processing, Inc. (NASDAQ:ADP) is William Allan Corp’s 7th Largest Position

William Allan Corp lifted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,368 shares of the business services provider’s stock after acquiring an additional 257 shares during the quarter. Automatic Data Processing accounts for about 3.8% of William Allan Corp’s holdings, making the stock its 7th biggest holding. William Allan Corp’s holdings in Automatic Data Processing were worth $6,255,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ADP. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Automatic Data Processing by 4.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,637 shares of the business services provider’s stock worth $15,701,000 after purchasing an additional 2,119 shares during the period. Strategic Financial Concepts LLC bought a new stake in Automatic Data Processing during the 4th quarter valued at $26,723,000. 1900 Wealth Management LLC boosted its position in Automatic Data Processing by 3.2% during the 4th quarter. 1900 Wealth Management LLC now owns 1,651 shares of the business services provider’s stock valued at $483,000 after buying an additional 51 shares during the period. Consolidated Portfolio Review Corp grew its holdings in Automatic Data Processing by 50.1% in the 4th quarter. Consolidated Portfolio Review Corp now owns 1,121 shares of the business services provider’s stock worth $328,000 after acquiring an additional 374 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its stake in shares of Automatic Data Processing by 0.6% during the fourth quarter. GHP Investment Advisors Inc. now owns 30,364 shares of the business services provider’s stock valued at $8,888,000 after acquiring an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

ADP stock opened at $308.97 on Friday. The stock’s 50 day simple moving average is $297.17 and its 200 day simple moving average is $285.83. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. Automatic Data Processing, Inc. has a 12-month low of $231.27 and a 12-month high of $311.67. The stock has a market capitalization of $125.89 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 3.52 and a beta of 0.79.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. As a group, research analysts forecast that Automatic Data Processing, Inc. will post 9.94 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $1.54 per share. The ex-dividend date is Friday, March 14th. This represents a $6.16 dividend on an annualized basis and a yield of 1.99%. Automatic Data Processing’s dividend payout ratio (DPR) is 64.23%.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Brian L. Michaud sold 362 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $293.83, for a total value of $106,366.46. Following the completion of the sale, the vice president now owns 13,706 shares in the company, valued at approximately $4,027,233.98. This represents a 2.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jonathan S. Lehberger sold 2,324 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $303.30, for a total value of $704,869.20. Following the completion of the transaction, the vice president now owns 3,063 shares in the company, valued at $929,007.90. The trade was a 43.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,478 shares of company stock valued at $1,617,241. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays raised their target price on Automatic Data Processing from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday. Mizuho upped their target price on Automatic Data Processing from $281.00 to $310.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Jefferies Financial Group lifted their price target on shares of Automatic Data Processing from $290.00 to $305.00 and gave the company a “hold” rating in a report on Thursday, January 30th. StockNews.com cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $315.00 price target on shares of Automatic Data Processing in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $293.55.

Automatic Data Processing 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.