862 Shares in Automatic Data Processing, Inc. (NASDAQ:ADP) Purchased by Telos Capital Management Inc.

Telos Capital Management Inc. acquired a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) in the fourth quarter, HoldingsChannel reports. The fund acquired 862 shares of the business services provider’s stock, valued at approximately $201,000.

Other hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in Automatic Data Processing in the third quarter worth about $25,000. Coppell Advisory Solutions LLC bought a new position in Automatic Data Processing in the second quarter worth about $30,000. Coppell Advisory Solutions Corp. bought a new position in Automatic Data Processing in the fourth quarter worth about $33,000. Strategic Investment Solutions Inc. IL bought a new position in Automatic Data Processing in the first quarter worth about $31,000. Finally, Fortitude Family Office LLC bought a new position in Automatic Data Processing in the fourth quarter worth about $35,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Trading Down 0.5 %

Shares of NASDAQ:ADP opened at $242.90 on Thursday. Automatic Data Processing, Inc. has a 1 year low of $201.46 and a 1 year high of $256.84. The firm has a market capitalization of $99.78 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 2.29 and a beta of 0.78. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50 day moving average price is $247.54 and its 200-day moving average price is $239.18.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. Automatic Data Processing had a return on equity of 95.22% and a net margin of 19.14%. The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the prior year, the company earned $1.96 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Automatic Data Processing, Inc. will post 9.14 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.31%. The ex-dividend date is Friday, June 14th. Automatic Data Processing’s dividend payout ratio is currently 65.19%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $267.00 price objective on shares of Automatic Data Processing in a report on Thursday, February 1st. Bank of America upgraded Automatic Data Processing from an “underperform” rating to a “neutral” rating and upped their target price for the company from $217.00 to $243.00 in a research report on Wednesday, January 17th. StockNews.com lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Wolfe Research upgraded Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Finally, Mizuho upped their target price on Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, March 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus target price of $254.58.

Insider Activity at Automatic Data Processing

In related news, VP David Kwon sold 863 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $250.00, for a total value of $215,750.00. Following the completion of the transaction, the vice president now directly owns 8,285 shares of the company’s stock, valued at approximately $2,071,250. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Automatic Data Processing news, VP Don Mcguire sold 11,333 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.00, for a total value of $2,776,585.00. Following the completion of the sale, the vice president now directly owns 19,906 shares of the company’s stock, valued at approximately $4,876,970. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David Kwon sold 863 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $250.00, for a total value of $215,750.00. Following the completion of the sale, the vice president now directly owns 8,285 shares of the company’s stock, valued at $2,071,250. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,162 shares of company stock valued at $3,741,859. 0.26% of the stock is owned by insiders.

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.