Automatic Data Processing, Inc. (NASDAQ:ADP) is Dempze Nancy E’s 8th Largest Position

Dempze Nancy E cut its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,507 shares of the business services provider’s stock after selling 260 shares during the quarter. Automatic Data Processing accounts for approximately 3.0% of Dempze Nancy E’s holdings, making the stock its 8th biggest holding. Dempze Nancy E’s holdings in Automatic Data Processing were worth $5,125,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its holdings in Automatic Data Processing by 16.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 10,826 shares of the business services provider’s stock valued at $2,996,000 after acquiring an additional 1,545 shares during the period. Royal London Asset Management Ltd. boosted its stake in shares of Automatic Data Processing by 7.3% during the third quarter. Royal London Asset Management Ltd. now owns 219,784 shares of the business services provider’s stock valued at $60,821,000 after purchasing an additional 14,894 shares during the period. SYM FINANCIAL Corp bought a new position in shares of Automatic Data Processing in the third quarter worth approximately $206,000. Temasek Holdings Private Ltd increased its stake in shares of Automatic Data Processing by 14.7% in the third quarter. Temasek Holdings Private Ltd now owns 164,158 shares of the business services provider’s stock worth $45,427,000 after buying an additional 21,005 shares during the period. Finally, Wahed Invest LLC raised its holdings in Automatic Data Processing by 7.9% during the 3rd quarter. Wahed Invest LLC now owns 9,878 shares of the business services provider’s stock valued at $2,734,000 after buying an additional 725 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $286.13 on Friday. The company’s fifty day moving average price is $304.41 and its 200-day moving average price is $297.03. The stock has a market cap of $116.59 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 3.62 and a beta of 0.74. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. Automatic Data Processing, Inc. has a 12 month low of $231.27 and a 12 month high of $322.84.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, January 29th. The business services provider reported $2.35 earnings per share 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%. On average, equities analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a $1.54 dividend. This represents a $6.16 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, March 14th. Automatic Data Processing’s dividend payout ratio is presently 64.23%.

Insider Buying and Selling

In other Automatic Data Processing news, VP Brian L. Michaud sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $305.38, for a total transaction of $458,070.00. Following the completion of the sale, the vice president now directly owns 12,073 shares of the company’s stock, valued at approximately $3,686,852.74. This represents a 11.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David Foskett sold 1,004 shares of Automatic Data Processing stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $289.29, for a total value of $290,447.16. Following the transaction, the vice president now directly owns 5,958 shares in the company, valued at approximately $1,723,589.82. The trade was a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,368 shares of company stock worth $1,903,541 in the last quarter. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

ADP has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their price target on shares of 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 report on Wednesday, February 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, January 30th. UBS Group boosted their target price on Automatic Data Processing from $318.00 to $324.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Finally, Barclays raised their price target on Automatic Data Processing from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and a consensus price target of $302.30.

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.