Flossbach Von Storch SE Has $20.69 Million Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Flossbach Von Storch SE reduced its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,692 shares of the business services provider’s stock after selling 12,000 shares during the quarter. Flossbach Von Storch SE’s holdings in Automatic Data Processing were worth $20,694,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Boston Financial Mangement LLC grew its position in shares of Automatic Data Processing by 0.4% during the 4th quarter. Boston Financial Mangement LLC now owns 31,048 shares of the business services provider’s stock worth $9,089,000 after buying an additional 114 shares during the period. Auour Investments LLC acquired a new position in shares of Automatic Data Processing in the 4th quarter valued at approximately $210,000. Concurrent Investment Advisors LLC lifted its stake in Automatic Data Processing by 3.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 30,603 shares of the business services provider’s stock valued at $8,959,000 after acquiring an additional 1,090 shares in the last quarter. Advyzon Investment Management LLC bought a new stake in Automatic Data Processing in the 4th quarter valued at approximately $238,000. Finally, Mcdaniel Terry & Co. raised its stake in shares of Automatic Data Processing by 5.5% during the 4th quarter. Mcdaniel Terry & Co. now owns 195,076 shares of the business services provider’s stock worth $57,105,000 after purchasing an additional 10,158 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, January 30th. Barclays raised their price objective on Automatic Data Processing from $325.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Jefferies Financial Group upped their price target on Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. StockNews.com downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, TD Cowen increased their price target on Automatic Data Processing from $276.00 to $285.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and an average price target of $293.55.

Automatic Data Processing Stock Up 1.1 %

NASDAQ:ADP opened at $313.22 on Thursday. The stock has a market capitalization of $127.62 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 3.59 and a beta of 0.79. The stock’s fifty day moving average is $298.18 and its two-hundred day moving average is $289.59. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59. Automatic Data Processing, Inc. has a 52 week low of $231.27 and a 52 week high of $313.72.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.35 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $1.54 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.16 annualized dividend and a dividend yield of 1.97%. Automatic Data Processing’s payout ratio is 64.23%.

Insider Activity at Automatic Data Processing

In other news, VP Jonathan S. Lehberger sold 2,324 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $303.30, for a total value of $704,869.20. Following the completion of the sale, the vice president now directly owns 3,063 shares of the company’s stock, valued at approximately $929,007.90. This represents a 43.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brian L. Michaud sold 362 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $293.83, for a total transaction of $106,366.46. Following the sale, the vice president now directly owns 13,706 shares of the company’s stock, valued at approximately $4,027,233.98. This represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,478 shares of company stock worth $1,617,241. 0.21% of the stock is currently owned by corporate 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.