Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC reduced its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,374 shares of the business services provider’s stock after selling 62 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Automatic Data Processing were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marotta Asset Management raised its stake in Automatic Data Processing by 3.0% during the third quarter. Marotta Asset Management now owns 1,395 shares of the business services provider’s stock valued at $336,000 after buying an additional 41 shares in the last quarter. Financial Management Professionals Inc. raised its stake in Automatic Data Processing by 34.7% during the third quarter. Financial Management Professionals Inc. now owns 159 shares of the business services provider’s stock valued at $38,000 after buying an additional 41 shares in the last quarter. Argus Investors Counsel Inc. raised its stake in Automatic Data Processing by 0.5% during the fourth quarter. Argus Investors Counsel Inc. now owns 8,863 shares of the business services provider’s stock valued at $2,065,000 after buying an additional 43 shares in the last quarter. Signet Financial Management LLC raised its stake in Automatic Data Processing by 1.3% during the fourth quarter. Signet Financial Management LLC now owns 3,587 shares of the business services provider’s stock valued at $857,000 after buying an additional 45 shares in the last quarter. Finally, Trust Co. of Toledo NA OH raised its stake in Automatic Data Processing by 0.5% during the third quarter. Trust Co. of Toledo NA OH now owns 8,292 shares of the business services provider’s stock valued at $1,995,000 after buying an additional 45 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Stock Performance

ADP opened at $244.85 on Monday. The firm has a market cap of $100.58 billion, a PE ratio of 28.50, a P/E/G ratio of 2.30 and a beta of 0.78. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $247.65 and a 200-day simple moving average of $238.89. 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:ADP) last announced its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the company earned $1.96 earnings per share. Automatic Data Processing’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts predict that Automatic Data Processing, Inc. will post 9.14 EPS 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. Stockholders of record on Friday, June 14th will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Friday, June 14th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 65.19%.

Insider Activity

In related news, VP Joseph Desilva sold 1,904 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $255.00, for a total value of $485,520.00. Following the completion of the transaction, the vice president now owns 17,179 shares in the company, valued at approximately $4,380,645. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Automatic Data Processing news, VP Joseph Desilva sold 1,904 shares of Automatic Data Processing stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $255.00, for a total transaction of $485,520.00. Following the completion of the sale, the vice president now owns 17,179 shares of the company’s stock, valued at approximately $4,380,645. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sreenivasa Kutam sold 694 shares of Automatic Data Processing stock in a transaction on Friday, March 1st. The stock was sold at an average price of $249.43, for a total transaction of $173,104.42. Following the sale, the vice president now directly owns 20,687 shares of the company’s stock, valued at approximately $5,159,958.41. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,662 shares of company stock worth $4,094,554. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ADP. Mizuho upped their price objective 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. Evercore ISI increased their price target on Automatic Data Processing from $227.00 to $235.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 26th. StockNews.com cut Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $267.00 price target on shares of Automatic Data Processing in a research report on Thursday, February 1st. Finally, Bank of America upgraded Automatic Data Processing from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $217.00 to $243.00 in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $254.58.

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.