First Heartland Consultants Inc. Decreases Stock Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

First Heartland Consultants Inc. trimmed its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 10.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,079 shares of the business services provider’s stock after selling 127 shares during the period. First Heartland Consultants Inc.’s holdings in Automatic Data Processing were worth $203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Freedman Financial Associates Inc. bought a new position in shares of Automatic Data Processing during the 4th quarter valued at approximately $35,000. IronBridge Private Wealth LLC bought a new position in shares of Automatic Data Processing during the 4th quarter valued at approximately $42,000. Atlas Private Wealth Advisors increased its position in shares of Automatic Data Processing by 127.6% during the 1st quarter. Atlas Private Wealth Advisors now owns 223 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 125 shares during the last quarter. Better Money Decisions LLC bought a new position in shares of Automatic Data Processing during the 1st quarter valued at approximately $43,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Automatic Data Processing by 32.3% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 291 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 71 shares during the last quarter. 78.99% of the stock is currently owned by institutional investors and hedge funds.

In other Automatic Data Processing news, VP Sreenivasa Kutam sold 4,583 shares of the stock in a transaction dated Wednesday, June 9th. The stock was sold at an average price of $200.00, for a total value of $916,600.00. Following the completion of the sale, the vice president now directly owns 5,041 shares in the company, valued at $1,008,200. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Deborah L. Dyson sold 2,428 shares of the stock in a transaction dated Friday, July 9th. The shares were sold at an average price of $202.00, for a total value of $490,456.00. Following the completion of the sale, the vice president now owns 26,614 shares of the company’s stock, valued at $5,376,028. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,327 shares of company stock valued at $1,664,058. 0.34% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Automatic Data Processing from $171.00 to $185.00 and gave the company an “equal weight” rating in a research report on Thursday, April 29th. upped their price objective on Automatic Data Processing from $190.00 to $212.00 and gave the company a “buy” rating in a research report on Monday, May 3rd. Jefferies Financial Group upped their price objective on Automatic Data Processing from $197.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, March 24th. Barclays upped their price objective on Automatic Data Processing from $197.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, May 3rd. Finally, Mizuho upped their price objective on Automatic Data Processing from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, May 27th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $179.93.

Shares of NASDAQ ADP opened at $204.47 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $87.01 billion, a PE ratio of 35.44, a P/E/G ratio of 2.59 and a beta of 0.72. Automatic Data Processing, Inc. has a 1-year low of $127.31 and a 1-year high of $208.58. The stock’s fifty day moving average is $198.41.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Tuesday, April 27th. The business services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Automatic Data Processing had a return on equity of 44.23% and a net margin of 16.88%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 EPS. Analysts predict that Automatic Data Processing, Inc. will post 5.95 EPS for the current year.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.

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Institutional Ownership by Quarter for Automatic Data Processing (NASDAQ:ADP)

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