Navellier & Associates Inc. Has $628,000 Stock Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Navellier & Associates Inc. lifted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 36.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,146 shares of the business services provider’s stock after purchasing an additional 577 shares during the quarter. Navellier & Associates Inc.’s holdings in Automatic Data Processing were worth $628,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Physicians Financial Services Inc. grew its position in shares of Automatic Data Processing by 3.3% in the 4th quarter. Physicians Financial Services Inc. now owns 23,186 shares of the business services provider’s stock valued at $6,787,000 after purchasing an additional 749 shares during the period. Cordatus Wealth Management LLC acquired a new position in shares of Automatic Data Processing in the 4th quarter valued at approximately $2,885,000. Centricity Wealth Management LLC acquired a new position in shares of Automatic Data Processing in the 4th quarter valued at approximately $316,000. Financial Harvest LLC acquired a new position in shares of Automatic Data Processing in the 4th quarter valued at approximately $597,000. Finally, Nicholson Wealth Management Group LLC grew its position in shares of Automatic Data Processing by 45.4% in the 4th quarter. Nicholson Wealth Management Group LLC now owns 5,449 shares of the business services provider’s stock valued at $1,595,000 after purchasing an additional 1,701 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Trading Down 0.4 %

Shares of Automatic Data Processing stock opened at $310.76 on Friday. Automatic Data Processing, Inc. has a 12-month low of $231.27 and a 12-month high of $313.72. The stock has a market cap of $126.62 billion, a P/E ratio of 32.40, a P/E/G ratio of 3.63 and a beta of 0.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $298.72 and its 200-day moving average is $290.32.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.35 earnings per share 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%. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Friday, March 14th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 64.23%.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP David Foskett sold 1,004 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $289.29, for a total value of $290,447.16. Following the transaction, the vice president now directly owns 5,958 shares of the company’s stock, valued at $1,723,589.82. This represents a 14.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Maria Black sold 721 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $291.59, for a total value of $210,236.39. Following the completion of the transaction, the chief executive officer now directly owns 68,856 shares in the company, valued at approximately $20,077,721.04. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,478 shares of company stock worth $1,617,241. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Mizuho upped their price target on Automatic Data Processing from $281.00 to $310.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Jefferies Financial Group upped their price target on Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed 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. TD Cowen upped their price target on Automatic Data Processing from $276.00 to $285.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Barclays upped their price target on Automatic Data Processing from $325.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Automatic Data Processing presently has an average rating of “Hold” and an average target price 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.