WBH Advisory Inc. Sells 220 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

WBH Advisory Inc. trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,275 shares of the business services provider’s stock after selling 220 shares during the quarter. WBH Advisory Inc.’s holdings in Automatic Data Processing were worth $959,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ADP. Creative Planning grew its stake in Automatic Data Processing by 2.8% during the third quarter. Creative Planning now owns 127,582 shares of the business services provider’s stock worth $35,306,000 after buying an additional 3,456 shares in the last quarter. Veracity Capital LLC acquired a new stake in Automatic Data Processing during the 3rd quarter worth approximately $204,000. OLD National Bancorp IN raised its holdings in Automatic Data Processing by 4.7% during the 3rd quarter. OLD National Bancorp IN now owns 12,692 shares of the business services provider’s stock worth $3,512,000 after purchasing an additional 567 shares during the last quarter. Arlington Partners LLC raised its holdings in Automatic Data Processing by 14.3% during the 3rd quarter. Arlington Partners LLC now owns 14,664 shares of the business services provider’s stock worth $4,058,000 after purchasing an additional 1,829 shares during the last quarter. Finally, Bellecapital International Ltd. raised its holdings in Automatic Data Processing by 0.5% during the 3rd quarter. Bellecapital International Ltd. now owns 24,425 shares of the business services provider’s stock worth $6,759,000 after purchasing an additional 131 shares during the last quarter. 80.03% of the stock is owned by institutional investors.

Insider Activity at Automatic Data Processing

In related news, VP Jonathan S. Lehberger sold 2,324 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $303.30, for a total transaction of $704,869.20. Following the sale, the vice president now directly owns 3,063 shares of the company’s stock, valued at $929,007.90. This trade represents a 43.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Brian L. Michaud sold 362 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $293.83, for a total value of $106,366.46. Following the completion of the transaction, the vice president now directly owns 13,706 shares in the company, valued at $4,027,233.98. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,478 shares of company stock valued at $1,617,241 over the last ninety days. Insiders own 0.21% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $308.15 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $125.56 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 3.60 and a beta of 0.79. The business has a 50 day moving average price of $297.56 and a 200-day moving average price of $288.77. Automatic Data Processing, Inc. has a fifty-two week low of $231.27 and a fifty-two week high of $311.67.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $1.54 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.16 annualized dividend and a dividend yield of 2.00%. Automatic Data Processing’s payout ratio is presently 64.23%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ADP. Barclays lifted their price objective on shares of Automatic Data Processing from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday, January 30th. Jefferies Financial Group upped their price target on Automatic Data Processing from $290.00 to $305.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. StockNews.com cut Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, UBS Group upped their price objective on shares of Automatic Data Processing from $270.00 to $295.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and an average target price of $293.55.

Automatic Data Processing Profile

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.