Secure Asset Management LLC Increases Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Secure Asset Management LLC increased its position in Automatic Data Processing, Inc. (NASDAQ:ADPFree Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,651 shares of the business services provider’s stock after acquiring an additional 49 shares during the period. Secure Asset Management LLC’s holdings in Automatic Data Processing were worth $385,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in shares of Automatic Data Processing in the 3rd quarter worth $25,000. Coppell Advisory Solutions LLC purchased a new position in Automatic Data Processing during the second quarter valued at approximately $30,000. Coppell Advisory Solutions Corp. bought a new position in shares of Automatic Data Processing in the fourth quarter worth approximately $33,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Automatic Data Processing in the first quarter worth $31,000. Finally, DHJJ Financial Advisors Ltd. bought a new stake in shares of Automatic Data Processing during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Activity

In other Automatic Data Processing news, VP Don Mcguire sold 11,333 shares of Automatic Data Processing stock in a transaction on Thursday, February 1st. The shares were 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 directly owns 19,906 shares of the company’s stock, valued at $4,876,970. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Automatic Data Processing news, VP Don Mcguire sold 11,333 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were 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 owns 19,906 shares of the company’s stock, valued at $4,876,970. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP David Kwon sold 863 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $250.00, for a total value of $215,750.00. Following the transaction, the vice president now owns 8,285 shares of the company’s stock, valued at approximately $2,071,250. The disclosure for this sale can be found here. Insiders sold 16,662 shares of company stock valued at $4,094,554 in the last ninety days. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

ADP has been the subject of a number of analyst reports. Wolfe Research upgraded Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Mizuho lifted their target price on Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research note on Monday, March 11th. Bank of America raised Automatic Data Processing from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $217.00 to $243.00 in a report on Wednesday, January 17th. StockNews.com lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Evercore ISI boosted their target price on shares of Automatic Data Processing from $227.00 to $235.00 and gave the stock an “underperform” rating in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $254.58.

View Our Latest Analysis on Automatic Data Processing

Automatic Data Processing Trading Up 0.6 %

Shares of ADP opened at $249.74 on Monday. The stock has a market capitalization of $102.59 billion, a PE ratio of 29.07, a P/E/G ratio of 2.35 and a beta of 0.78. The company’s fifty day moving average is $246.98 and its 200 day moving average is $239.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.01 and a current ratio of 1.01. Automatic Data Processing, Inc. has a fifty-two week low of $201.46 and a fifty-two week high of $256.84.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last posted its earnings results on Wednesday, January 31st. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Automatic Data Processing had a net margin of 19.14% and a return on equity of 95.22%. The firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the previous year, the firm posted $1.96 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Sell-side analysts expect that Automatic Data Processing, Inc. will post 9.14 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

About Automatic Data Processing

(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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