Toth Financial Advisory Corp Has $5.38 Million Stake in Automatic Data Processing, Inc. (NASDAQ:ADP)

Toth Financial Advisory Corp raised its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 21,539 shares of the business services provider’s stock after purchasing an additional 770 shares during the quarter. Toth Financial Advisory Corp’s holdings in Automatic Data Processing were worth $5,379,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ADP. Everence Capital Management Inc. lifted its position in shares of Automatic Data Processing by 28.5% in the 4th quarter. Everence Capital Management Inc. now owns 17,150 shares of the business services provider’s stock worth $3,995,000 after acquiring an additional 3,800 shares during the period. Cyndeo Wealth Partners LLC boosted its stake in Automatic Data Processing by 36.7% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 19,800 shares of the business services provider’s stock worth $4,613,000 after buying an additional 5,318 shares in the last quarter. BKM Wealth Management LLC bought a new stake in Automatic Data Processing in the 4th quarter valued at $1,635,000. Bellecapital International Ltd. raised its stake in shares of Automatic Data Processing by 2.8% in the 4th quarter. Bellecapital International Ltd. now owns 21,746 shares of the business services provider’s stock valued at $5,066,000 after buying an additional 596 shares in the last quarter. Finally, Marks Group Wealth Management Inc bought a new position in shares of Automatic Data Processing during the 4th quarter worth about $4,015,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 0.6 %

Shares of ADP stock traded up $1.39 on Friday, hitting $238.69. The stock had a trading volume of 2,595,023 shares, compared to its average volume of 1,635,318. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65. Automatic Data Processing, Inc. has a twelve month low of $205.53 and a twelve month high of $256.84. The company has a fifty day moving average price of $245.79 and a two-hundred day moving average price of $243.78. The firm has a market cap of $97.69 billion, a P/E ratio of 26.64, a PEG ratio of 2.61 and a beta of 0.78.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $2.88 EPS for the quarter, topping analysts’ consensus estimates of $2.79 by $0.09. Automatic Data Processing had a return on equity of 93.09% and a net margin of 19.56%. The company had revenue of $5.30 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter last year, the firm posted $2.52 earnings per share. Automatic Data Processing’s revenue was up 7.6% compared to the same quarter last year. As a group, analysts forecast that Automatic Data Processing, Inc. will post 9.18 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, June 14th. Automatic Data Processing’s dividend payout ratio is presently 62.50%.

Analyst Ratings Changes

ADP has been the subject of several recent research reports. Mizuho increased their price target on shares of Automatic Data Processing from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Monday, March 11th. JPMorgan Chase & Co. decreased their price target on Automatic Data Processing from $254.00 to $250.00 and set an “underweight” rating on the stock in a research note on Thursday, May 2nd. TD Cowen dropped their price objective on Automatic Data Processing from $253.00 to $251.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. Evercore ISI boosted their target price on shares of Automatic Data Processing from $227.00 to $235.00 and gave the company an “underperform” rating in a research note on Tuesday, March 26th. Finally, StockNews.com upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $255.42.

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.