Relyea Zuckerberg Hanson LLC Has $1.32 Million Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Relyea Zuckerberg Hanson LLC lifted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADPFree Report) by 138.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,645 shares of the business services provider’s stock after acquiring an additional 3,277 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Automatic Data Processing were worth $1,315,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. AMS Capital Ltda bought a new stake in Automatic Data Processing during the fourth quarter worth about $3,235,000. McGlone Suttner Wealth Management Inc. bought a new stake in Automatic Data Processing during the fourth quarter worth about $62,000. Meadow Creek Wealth Advisors LLC bought a new position in shares of Automatic Data Processing in the fourth quarter worth about $431,000. Trueblood Wealth Management LLC bought a new position in shares of Automatic Data Processing in the fourth quarter worth about $1,173,000. Finally, Successful Portfolios LLC lifted its holdings in shares of Automatic Data Processing by 5.3% in the fourth quarter. Successful Portfolios LLC now owns 1,040 shares of the business services provider’s stock worth $242,000 after acquiring an additional 52 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADP has been the subject of several recent research reports. Wolfe Research raised Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Evercore ISI increased 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 report on Tuesday. Mizuho increased their target price on shares of Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, March 11th. Bank of America raised shares of Automatic Data Processing from an “underperform” rating to a “neutral” rating and increased their target price for the company from $217.00 to $243.00 in a research report on Wednesday, January 17th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $267.00 target price on shares of Automatic Data Processing in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and a consensus price target of $253.08.

Check Out Our Latest Analysis on Automatic Data Processing

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $249.74 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.69. The stock’s fifty day simple moving average is $246.75 and its two-hundred day simple moving average is $239.05. Automatic Data Processing, Inc. has a 1-year low of $201.46 and a 1-year high of $256.84. The stock has a market cap of $102.59 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 2.33 and a beta of 0.78.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.13 earnings per share 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 business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period last year, the business earned $1.96 EPS. The business’s revenue was up 6.3% on a year-over-year basis. As a group, analysts forecast that Automatic Data Processing, Inc. will post 9.14 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 8th will be paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, March 7th. Automatic Data Processing’s payout ratio is 65.19%.

Insider Buying and Selling

In related news, VP Sreenivasa Kutam sold 368 shares of Automatic Data Processing stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $247.01, for a total value of $90,899.68. Following the completion of the sale, the vice president now owns 20,319 shares of the company’s stock, valued at approximately $5,018,996.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Automatic Data Processing news, VP Don Mcguire sold 11,333 shares of Automatic Data Processing stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.00, for a total transaction of $2,776,585.00. Following the completion of the transaction, the vice president now owns 19,906 shares of the company’s stock, valued at approximately $4,876,970. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sreenivasa Kutam sold 368 shares of Automatic Data Processing stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $247.01, for a total value of $90,899.68. Following the transaction, the vice president now directly owns 20,319 shares of the company’s stock, valued at approximately $5,018,996.19. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,662 shares of company stock valued at $4,094,554. 0.26% of the stock is owned by insiders.

Automatic Data Processing Profile

(Free Report)

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.

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

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