Lindbrook Capital LLC Has $512,000 Stock Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Lindbrook Capital LLC increased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 9.8% in the 4th quarter, HoldingsChannel reports. The firm owned 2,199 shares of the business services provider’s stock after acquiring an additional 197 shares during the period. Lindbrook Capital LLC’s holdings in Automatic Data Processing were worth $512,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ADP. OFI Invest Asset Management acquired a new stake in Automatic Data Processing during the third quarter worth approximately $25,000. Coppell Advisory Solutions LLC acquired a new stake in Automatic Data Processing in the second quarter valued at approximately $30,000. Strategic Investment Solutions Inc. IL acquired a new stake in Automatic Data Processing in the first quarter valued at approximately $31,000. Coppell Advisory Solutions Corp. acquired a new stake in Automatic Data Processing in the fourth quarter valued at approximately $33,000. Finally, Fortitude Family Office LLC acquired a new stake in Automatic Data Processing in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $243.31 on Monday. The stock has a market cap of $99.95 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.29 and a beta of 0.78. Automatic Data Processing, Inc. has a fifty-two week low of $201.46 and a fifty-two week high of $256.84. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a fifty day moving average of $247.22 and a 200-day moving average of $239.19.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, January 31st. The business services provider reported $2.13 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 analysts’ expectations of $4.65 billion. During the same period in the previous year, the business earned $1.96 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.14 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Friday, June 14th. Automatic Data Processing’s payout ratio is currently 65.19%.

Insider Transactions at Automatic Data Processing

In other news, VP David Kwon sold 863 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $250.00, for a total value of $215,750.00. Following the completion of the sale, the vice president now owns 8,285 shares of the company’s stock, valued at approximately $2,071,250. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Automatic Data Processing news, VP Sreenivasa Kutam sold 694 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 20,687 shares of the company’s stock, valued at approximately $5,159,958.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David Kwon sold 863 shares of the company’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 directly owns 8,285 shares of the company’s stock, valued at approximately $2,071,250. The disclosure for this sale can be found here. In the last three months, insiders sold 15,162 shares of company stock worth $3,741,859. 0.26% of the stock is currently owned by corporate insiders.

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.