Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Acquired by Bill Few Associates Inc.

Bill Few Associates Inc. grew its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.3% during the 3rd quarter, Holdings Channel reports. The firm owned 13,432 shares of the business services provider’s stock after buying an additional 169 shares during the period. Automatic Data Processing comprises approximately 1.3% of Bill Few Associates Inc.’s investment portfolio, making the stock its 21st biggest holding. Bill Few Associates Inc.’s holdings in Automatic Data Processing were worth $3,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of ADP. SageView Advisory Group LLC grew its position in shares of Automatic Data Processing by 140.6% in the fourth quarter. SageView Advisory Group LLC now owns 2,399 shares of the business services provider’s stock valued at $572,000 after purchasing an additional 1,402 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Automatic Data Processing during the fourth quarter valued at approximately $1,933,000. CWM LLC lifted its stake in shares of Automatic Data Processing by 1.9% during the first quarter. CWM LLC now owns 18,197 shares of the business services provider’s stock valued at $4,544,000 after buying an additional 334 shares during the period. NBC Securities Inc. lifted its stake in shares of Automatic Data Processing by 1.5% during the first quarter. NBC Securities Inc. now owns 4,684 shares of the business services provider’s stock valued at $1,171,000 after buying an additional 69 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Automatic Data Processing by 19.9% during the first quarter. GAMMA Investing LLC now owns 2,922 shares of the business services provider’s stock valued at $730,000 after buying an additional 485 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Carlos A. Rodriguez sold 9,203 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $269.45, for a total value of $2,479,748.35. Following the completion of the sale, the director now owns 36,741 shares in the company, valued at approximately $9,899,862.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Automatic Data Processing news, VP Michael A. Bonarti sold 26,442 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $270.96, for a total transaction of $7,164,724.32. Following the completion of the sale, the vice president now owns 88,426 shares in the company, valued at $23,959,908.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carlos A. Rodriguez sold 9,203 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $269.45, for a total value of $2,479,748.35. Following the sale, the director now owns 36,741 shares of the company’s stock, valued at approximately $9,899,862.45. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,817 shares of company stock worth $15,999,208. 0.26% of the stock is currently owned by corporate insiders.

Automatic Data Processing Stock Performance

Shares of NASDAQ:ADP opened at $290.04 on Wednesday. The firm has a market capitalization of $118.71 billion, a PE ratio of 32.37, a P/E/G ratio of 3.13 and a beta of 0.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50-day moving average of $274.81 and a two-hundred day moving average of $256.02. Automatic Data Processing, Inc. has a 12 month low of $205.53 and a 12 month high of $294.18.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.09 EPS for the quarter, topping the consensus estimate of $2.06 by $0.03. Automatic Data Processing had a return on equity of 89.20% and a net margin of 19.54%. The company had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the firm posted $1.89 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. As a group, research analysts forecast that Automatic Data Processing, Inc. will post 10.04 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were paid a $1.40 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.93%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 62.50%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADP. JPMorgan Chase & Co. upped their price objective on shares of Automatic Data Processing from $250.00 to $285.00 and gave the company an “underweight” rating in a research note on Tuesday, August 20th. Jefferies Financial Group upped their price objective on shares of Automatic Data Processing from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their price objective on shares of Automatic Data Processing from $271.00 to $287.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Bank of America increased their price target on shares of Automatic Data Processing from $250.00 to $267.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Citigroup boosted their price objective on shares of Automatic Data Processing from $260.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and a consensus price target of $267.83.

About Automatic Data Processing

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.