2,407 Shares in Automatic Data Processing, Inc. $ADP Bought by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC acquired a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,407 shares of the business services provider’s stock, valued at approximately $621,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Polaris Financial Partners acquired a new position in shares of Automatic Data Processing during the 3rd quarter worth approximately $25,000. Next Level Wealth Planning LLC bought a new stake in Automatic Data Processing in the 3rd quarter valued at $26,000. Whipplewood Advisors LLC raised its stake in Automatic Data Processing by 2,740.0% in the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 137 shares during the period. Pathway Financial Advisers LLC acquired a new stake in Automatic Data Processing during the 3rd quarter valued at $39,000. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new stake in Automatic Data Processing during the 2nd quarter valued at $34,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $303.35 on Friday. The firm has a market cap of $119.75 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 2.72 and a beta of 0.77. The company has a current ratio of 1.03, a quick ratio of 1.05 and a debt-to-equity ratio of 0.98. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $310.98. The business’s 50 day moving average is $279.18 and its 200-day moving average is $241.91.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, October 28th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. Automatic Data Processing had a return on equity of 77.01% and a net margin of 20.33%. The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the company posted $2.49 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts predict that Automatic Data Processing, Inc. will post 12.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ADP shares. Jefferies Financial Group lifted their price objective on shares of Automatic Data Processing from $225.00 to $250.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 28th. UBS Group increased their price objective on shares of Automatic Data Processing from $260.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Stifel Nicolaus increased their price objective on shares of Automatic Data Processing from $285.00 to $305.00 and gave the company a “hold” rating in a research report on Thursday, October 29th. BMO Capital Markets raised their target price on shares of Automatic Data Processing from $248.00 to $305.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. Finally, Citigroup lifted their target price on shares of Automatic Data Processing from $287.00 to $295.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and an average price target of $285.00.

Insider Activity

In other news, VP Jonathan S. Lehberger sold 770 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $300.35, for a total value of $231,269.50. Following the completion of the sale, the vice president owned 4,961 shares of the company’s stock, valued at approximately $1,490,036.35. The trade was a 13.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael A. Bonarti sold 7,487 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $300.00, for a total transaction of $2,246,100.00. Following the completion of the transaction, the vice president owned 81,849 shares in the company, valued at $24,554,700. This trade represents a 8.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 50,207 shares of company stock worth $14,522,300. Corporate insiders own 0.15% of the company’s stock.

Key Headlines Impacting Automatic Data Processing

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: ADP’s October employment report showed private employers added 86,000 jobs, above expectations of 69,000. Continued hiring could support demand for ADP’s payroll and human-resources services. October private-sector hiring report
• Neutral Sentiment: Three ADP vice presidents—Michael Bonarti, Virginia Magliulo and Jonathan Lehberger—reported share sales. Each transaction was made under a pre-arranged Rule 10b5-1 plan, so the sales are not necessarily a signal about their outlook for the company. SEC filing for Bonarti sale SEC filing for Magliulo sale SEC filing for Lehberger sale
• Negative Sentiment: Recent valuation commentary argues ADP may be priced above estimated fair value, including one analysis identifying a potential 13% gap. Such concerns could temper demand for the shares, particularly after a strong run-up. ADP fair-value analysis ADP cash-flow valuation analysis

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (ADP) provides payroll processing and human resources technology and services to businesses of varying sizes. Its offerings include payroll administration, tax filing, benefits administration, workforce management, talent management, and human capital management software.

ADP also provides services such as compliance support and professional employer organization solutions, which help businesses manage employment responsibilities. Its products combine software with payroll and HR services to support organizations’ workforce operations.

Founded in 1949 as Automatic Payrolls, Inc, the company has grown from a payroll-processing business into a global provider of HR and workforce solutions.