Investment House LLC Has $25.62 Million Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Investment House LLC reduced its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,536 shares of the business services provider’s stock after selling 308 shares during the quarter. Automatic Data Processing accounts for approximately 1.4% of Investment House LLC’s holdings, making the stock its 17th biggest position. Investment House LLC’s holdings in Automatic Data Processing were worth $25,624,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd increased its holdings in Automatic Data Processing by 47.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 27,888 shares of the business services provider’s stock valued at $8,167,000 after buying an additional 8,963 shares during the period. Bestgate Wealth Advisors LLC bought a new stake in Automatic Data Processing in the 4th quarter valued at $201,000. North Forty Two & Co. bought a new stake in Automatic Data Processing in the 4th quarter valued at $292,000. VSM Wealth Advisory LLC bought a new stake in Automatic Data Processing in the 4th quarter valued at $65,000. Finally, Brooklyn FI LLC bought a new stake in Automatic Data Processing in the 4th quarter valued at $757,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on ADP shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $315.00 price target on shares of Automatic Data Processing in a report on Thursday, January 30th. Jefferies Financial Group upped their target price on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. UBS Group upped their target price on shares of Automatic Data Processing from $318.00 to $324.00 and gave the stock a “neutral” rating in a report on Tuesday, March 4th. Barclays upped their target price on shares of Automatic Data Processing from $325.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, StockNews.com lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $296.18.

Automatic Data Processing Stock Down 0.2 %

Shares of NASDAQ:ADP opened at $295.93 on Wednesday. Automatic Data Processing, Inc. has a 12 month low of $231.27 and a 12 month high of $322.84. The company’s 50-day moving average price is $302.66 and its two-hundred day moving average price is $295.04. 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 firm has a market cap of $120.58 billion, a P/E ratio of 30.86, a P/E/G ratio of 3.62 and a beta of 0.76.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. As a group, research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS 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. Shareholders of record on Friday, March 14th will be issued a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Friday, March 14th. Automatic Data Processing’s dividend payout ratio is currently 64.23%.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 473 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $306.20, for a total transaction of $144,832.60. Following the transaction, the vice president now directly owns 7,244 shares in the company, valued at approximately $2,218,112.80. This represents a 6.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jonathan S. Lehberger sold 2,324 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $303.30, for a total transaction of $704,869.20. Following the transaction, the vice president now owns 3,063 shares in the company, valued at approximately $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 three months, insiders have sold 5,951 shares of company stock worth $1,762,074. Company insiders own 0.21% of the company’s stock.

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.